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5838 Reed Road
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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 |
|---|---|---|---|
| Oct 9, 2026 | Price Decreased |
$215,000
↓ $5K
(2.3%) | |
| Price Decreased | |||
| Sep 4, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 4, 2026 | Listed by FYI Realty - Katy | $220,000 | |
| Listed by FYI Realty - Katy | |||
| Jul 13, 2026 | Listed by FYI Realty - Katy | $220,000 | |
| Listed by FYI Realty - Katy | |||
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Exceptional cash-flow opportunity at 5838 Reed Rd, Houston, TX! This 8-bedroom, 3-bathroom property is already operating as a successful room-rental investment, with the current tenant utilizing the home as a PadSplit-style rental by leasing individual bedrooms. The property is tenant occupied with a lease in place through April 2029, providing long-term rental stability. The lease also includes a scheduled rent increase in 2028, offering built-in income growth for the next owner. Whether you're looking to expand your investment portfolio or secure a property with immediate cash flow, this is an excellent opportunity to maximize returns. Conveniently located with easy access to major highways, Downtown Houston, the Texas Medical Center, and the University of Houston, this property is well-positioned to attract consistent tenant demand. Please do not disturb the tenant. Showings are by appointment only with an accepted offer or as arranged with the listing agent.
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Property Highlights
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Price/ft²
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About Southeast Houston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017