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5818 Schevers Street
About This Property
Located in Houston's 77033 area, 5818 Schevers sits in a neighborhood undergoing strong gentrification and revitalization, with an influx of new construction, full remodels, and increased investor activity transforming the community. The area continues to attract attention due to its proximity to major corridors like 610 and Highway 288, providing quick access to Downtown Houston and the Texas Medical Center. This 8-bedroom, 5-bath property offers 2,050 sq ft and is currently tenant-occupied at $2,000/month with a lease secured through 8/31/2028, making it a solid income-producing asset in a neighborhood positioned for long-term growth and appreciation. Please do not disturb the tenants.
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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 |
|---|---|---|---|
| Jul 8, 2026 | Sold | ||
| Sold | |||
| Jun 9, 2026 | In contract | - | |
| In contract | |||
| May 21, 2026 | Price Decreased |
$210,000
↓ $15K
(6.7%) | |
| Price Decreased | |||
| Apr 27, 2026 | Listed by FYI Realty - Katy | $225,000 | |
| Listed by FYI Realty - Katy | |||
Property Highlights
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About Southeast Houston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017