503 Pine Ln · Crosby, TX 77532

$155,000

2 bd · 1.0 ba · 1,600 sqft · SingleFamily public records · 24 Days on market

Built 1950 4,356 sqft lot Est $256k · 39% under ↓ 22% since listing

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.8/30.0
• ARV discount +15.0/15.0
• 1% rule +5.7/10.0
• DSCR +4.9/10.0
• Schools +3.5/10.0
• Livability +3.0/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Prime location for your home business! Off Highway 90 and Krenek. Whether you need a home with a large garage or want a business with office and living quarters above. Gas and compressor lines are already set up, so possibilities are endless! Large shop, office/living space, with a bathroom downstairs. Upstairs, you will find a wraparound porch leading into the home. Beautiful kitchen with granite countertops and custom cabinets, open to the living and dining areas. Primary bedroom with a walk-in closet and a full bathroom. Secondary bedroom and bath above, too!

Key facts

• Business with office
• Large garage
• Wraparound porch

Tags

• LARGE GARAGE
• BUSINESS WITH OFFICE
• GAS AND COMPRESSOR LINES
• LARGE SHOP
• WRAPAROUND PORCH
• GRANITE COUNTERTOPS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $72 ($862/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Recommended offer: $153k (1.5% below list) — sets the bar for market timing.
• Cap rate 6.8% vs local median 4.8% in Crosby — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 59/100 on livability (#1,121 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, crime A, housing A; Watch: amenities F, commute F, employment F.
• Crosby ISD (rural): math 39% / reading 40% proficiency, ranked #369 of 826 in TX (top 45%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Crosby Middle (math 36% / reading 37%, grade F, #786 of 1,662 statewide, top 48%, 1,549 students, 60% FRL); Highpoint School East (Crosby) (20 students, 80% FRL) — zoned schools average 70% FRL vs 50% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.5%/yr); 1172 active listings in the ZIP; solid renter incomes; 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Harris County population projected at +47% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($153k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 4y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: property tax is 2.8% of price; built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $152,675 (1.5% below list)

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.07% ✓
• Cap rate: 6.85%
• Cash-on-cash: 1.99%
• DSCR: 1.09
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $256,000
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2547 Cactus Ranch Ln	0.60mi	3/2.0 (+1)	1,562 (-2%)	5mo	$249,840	$160	55
2411 Serrano Plains Trl	0.60mi	3/2.0 (+1)	1,688 (+6%)	7mo	$265,390	$157	48
2519 Serrano Plains Trl	0.64mi	3/2.0 (+1)	1,688 (+6%)	7mo	$262,640	$156	46
2511 Covered Wagon Dr	0.60mi	3/2.0 (+1)	1,688 (+6%)	9mo	$268,640	$159	46
2511 Serrano Plains Trl	0.61mi	3/2.0 (+1)	1,688 (+6%)	10mo	$291,140	$172	45
2611 Cactus Ranch Ln	0.60mi	3/2.0 (+1)	1,449 (-9%)	7mo	$208,790	$144	41
2614 Cactus Ranch Ln	0.60mi	3/2.0 (+1)	1,414 (-12%)	6mo	$212,740	$150	39
2650 Cactus Ranch Ln	0.60mi	3/2.0 (+1)	1,449 (-9%)	12mo	$247,490	$171	37
2554 Cactus Ranch Ln	0.63mi	3/2.0 (+1)	1,414 (-12%)	7mo	$239,540	$169	37
2630 Cactus Ranch Ln	0.62mi	3/2.0 (+1)	1,414 (-12%)	10mo	$239,990	$170	34
2635 Cactus Ranch Ln	0.61mi	3/2.0 (+1)	1,414 (-12%)	11mo	$251,540	$178	34
2519 Elliot Canyon Ln	0.60mi	3/2.0 (+1)	1,831 (+14%)	11mo	$279,340	$153	30

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.48% rent growth · sell at horizon

5-year hold

• IRR: -15.0%
• Equity multiple: 0.47×
• Total profit: $-22,922
• Equity at exit: $23,111

10-year hold

• IRR: -9.5%
• Equity multiple: 0.46×
• Total profit: $-23,527
• Equity at exit: $13,402

Cash invested: $43,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 77532

• Home prices YoY: -28.6%
• Rents YoY: 1.5%
• Active inventory: 1172
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,666 medium
• Mortgage (P&I): −$813
• Tax from tax record: −$367 /mo · $4,405/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$350
• Net cashflow: $72

Break-even live

Break-even rent $1,575

Max offer price $155,000

Occupancy floor 91%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Listing history 41 events

1. 2026-03-08
   status Pending
2. 2026-02-27
   status Pending
3. 2026-02-11
   listed $155,000 Active
4. 2025-12-10
   historical
5. 2025-10-03
   listed $250,000 Active
6. 2025-10-03
   historical
7. 2025-09-03
   price $250,000
8. 2025-08-25
   price $260,000
9. 2025-08-12
   price $270,000
10. 2025-07-29
    price $294,000
11. 2025-07-05
    listed $299,000 Active
12. 2024-09-25
    historical $1,200
13. 2024-09-22
    historical $1,200
14. 2024-09-21
    historical
15. 2024-09-21
    historical
16. 2024-09-18
    listed $1,200
17. 2024-08-30
    price $250,000
18. 2024-08-30
    price $250,000
19. 2024-07-31
    listed $2,650
20. 2024-06-22
    price $300,000
21. 2024-06-22
    price $300,000
22. 2024-06-16
    price $399,000
23. 2024-05-26
    price $399,000
24. 2024-05-21
    price $444,990
25. 2024-05-21
    price $444,990
26. 2024-04-30
    listed $449,990 Active
27. 2024-04-18
    price $449,990
28. 2024-04-05
    listed $475,000 Active
29. 2023-10-20
    soldstatus
30. 2023-10-13
    soldstatus Sold
31. 2023-08-18
    status Pending
32. 2023-08-12
    historical
33. 2023-08-02
    status Active
34. 2023-08-02
    status Option Pending
35. 2023-07-14
    listed $235,000 Active
36. 2022-05-06
    soldstatus
37. 2022-05-05
    soldstatus Sold
38. 2022-04-04
    status Pending
39. 2022-03-26
    status Option Pending
40. 2022-03-20
    listed $199,900 Active
41. 1988-01-02
    soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $4,405 · $367/mo
• Projected year-2 tax: $4,405 · $367/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $19,994
• − Mortgage interest: −$8,682
• − Property taxes: −$4,405
• − Insurance: −$775
• − Repairs & maintenance: −$1,600
• − Management: −$1,600
• − Depreciation: −$4,509
• Taxable loss: −$1,576
• Est. tax savings @ 24.0%: +$378
• After-tax cash flow: $1,240/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Crosby ISD
• NCES district ID: 4815750
• Math proficiency: 39% ▼ -13.00%
• Reading proficiency: 40% ▼ -5.00%
• Median HH income: $61,079
• Composite: 35.14/100
• National rank: #5012
• State rank: #369 of 826 in TX

Livability — Crosby

• Score: 59/100
• State rank: #1121
• US rank: #19783

Category grades

Amenities F Commute F Cost of living A+ Crime A Employment F Housing A Health & safety F User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Harris County · 4,702,590 people
• City population: 33,780
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 33,780
• Household income: $92,201
• Rent vs Own: 13.9% rent · 86.1% own
• Severe rent burden: 382.0

Population outlook (Harris County) Hauer SSP2

• Today (2025): 5,571,493 people
• By 2030: 6,089,821 · +9.3%
• By 2040: 7,142,806 · +28.2%
• By 2050: 8,185,864 · +46.9%
• By 2075: 10,574,329 · +89.8%
• By 2100: 12,109,958 · +117.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 54% Hispanic / Latino 31% Two or more races 16% Black 9%
• Hispanic origin (detail): Mexican 24%
• Common ancestry: Lithuanian 4% Romanian 3% Italian 2%
• Foreign-born: 10% · Canada
• Languages at home: 78% English-only · Spanish 21%

Political lean MEDSL · Harris

• 2024 margin: Lean D (+5.5) · D 52.0% · R 46.4% · Other 1.6%
• 2008→2024 swing: +3.9pp toward D · 2008: 1.6pp · 2024: 5.5pp
• All cycles: 2024: D+5.5 2020: D+13.3 2016: D+12.4 2012: D+0.1 2008: D+1.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -105.63%
• Current HPI: 264.0126
• Rent YoY: ▲ 1.48%
• Metro: Houston-The Woodlands-Sugar Land, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

-22.5% since first listed

41 events — show timeline

• 2026-03-08 Pending — HARMLS
• 2026-02-27 Pending — HARMLS
• 2026-02-11 Listed $155,000 HARMLS
• 2025-12-10 Listing Removed — HARMLS
• 2025-10-03 Listing Removed — HARMLS
• 2025-10-03 Listed $250,000 HARMLS
• 2025-09-03 Price Changed $250,000 HARMLS
• 2025-08-25 Price Changed $260,000 HARMLS
• 2025-08-12 Price Changed $270,000 HARMLS
• 2025-07-29 Price Changed $294,000 HARMLS
• 2025-07-05 Listed $299,000 HARMLS
• 2024-09-25 Rental Removed $1,200 HARMLS
• 2024-09-22 Rental Removed $1,200 HARMLS
• 2024-09-21 Listing Removed — HARMLS
• 2024-09-21 Listing Removed — HARMLS
• 2024-09-18 Listed for Rent $1,200 HARMLS
• 2024-08-30 Price Changed $250,000 HARMLS
• 2024-08-30 Price Changed $250,000 HARMLS
• 2024-07-31 Listed for Rent $2,650 HARMLS
• 2024-06-22 Price Changed $300,000 HARMLS
• 2024-06-22 Price Changed $300,000 HARMLS
• 2024-06-16 Price Changed $399,000 HARMLS
• 2024-05-26 Price Changed $399,000 HARMLS
• 2024-05-21 Price Changed $444,990 HARMLS
• 2024-05-21 Price Changed $444,990 HARMLS
• 2024-04-30 Listed $449,990 HARMLS
• 2024-04-18 Price Changed $449,990 HARMLS
• 2024-04-05 Listed $475,000 HARMLS
• 2023-10-20 Sold (Public Records) — Public Records
• 2023-10-13 Sold (MLS) — HARMLS
• 2023-08-18 Pending — HARMLS
• 2023-08-12 Listing Removed — HARMLS
• 2023-08-02 Relisted — HARMLS
• 2023-08-02 Pending — HARMLS
• 2023-07-14 Listed $235,000 HARMLS
• 2022-05-06 Sold (Public Records) — Public Records
• 2022-05-05 Sold (MLS) — HARMLS
• 2022-04-04 Pending — HARMLS
• 2022-03-26 Pending — HARMLS
• 2022-03-20 Listed $199,900 HARMLS
• 1988-01-02 Sold (Public Records) — Public Records

Property tax history

+10.0%/yr

Latest (2025): $4,405 · -1.1% YoY. Source: county tax records.