5850 Sh 61
About This Property
Improvements include a whole-home backup generator for the main house, KitchenAid appliances with double ovens, propane cooktop with 220V in place, on-demand water heater, wired alarm system, and new fiber optic internet. The land features extensive dirt work for drainage, two stocked ponds (one with a lighted fountain), covered equipment storage, and multiple storage buildings.
Convenient access to Baytown, Beaumont, and Houston. Located in the Devers ISD, consistently ranked among the top districts in the state. Well-suited for multi-family living, livestock, or long-term ownership. Family compounds are hard to find and this one checks all the boxes!
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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 |
|---|---|---|---|
| Jan 22, 2026 | Listed by Whitetail Properties Real Estate | $772,000 | |
| Listed by Whitetail Properties Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017