1512 Crescent Drive
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 28, 2026 | In contract | - | |
| In contract | |||
| Aug 17, 2026 | Price Decreased |
$149,000
↓ $10K
(6.3%) | |
| Price Decreased | |||
| Jul 29, 2026 | Listed by Real Broker, LLC | $159,000 | |
| Listed by Real Broker, LLC | |||
| Dec 29, 2025 | Listed by Vista Real Estate Group-Compas | $149,000 | |
| Listed by Vista Real Estate Group-Compas | |||
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1512 Crescent Dr is a prime fix-and-flip opportunity in North Tyler, located within the Tyler ISD attendance zone and surrounded by established residential neighborhoods with steady buyer and renter demand. Nearby schools include Ramey Elementary, Boulter Middle School, and Tyler High School, supporting strong resale appeal for families seeking affordability and proximity to daily conveniences.
The Crescent Drive area consists largely of homes built between the 1920s and 1950s, creating consistent demand for updated, modernized renovations. Properties in this submarket typically sit on larger lots and maintain affordable price points, making it an attractive target for investors looking to add value through cosmetic and structural improvements.
The home at 1512 Crescent Dr offers 4 bedrooms, 2.5 bathrooms, and approximately 2,906 sq ft, providing a larger-than-average footprint for the area—ideal for repositioning into a high-value resale product. Its location offers quick access to downtown Tyler, the medical district, retail centers, and major corridors, all of which support strong end-user demand once renovations are complete.
This property aligns well with investors seeking:
A large-square-footage renovation project in an established neighborhood
Value-add upside through interior and exterior modernization
Strong resale potential driven by nearby schools, employment centers, and retail
A location with consistent investor activity and ongoing neighborhood improvement
With its size, location, and neighborhood fundamentals, 1512 Crescent Dr presents a compelling fix-and-flip opportunity in a growing East Texas market.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017