6602 Reed Road
About This Property
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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 16, 2026 | In contract | - | |
| In contract | |||
| Sep 7, 2026 | Listed by ABSOLUTE Realty Group Inc. | $234,900 | |
| Listed by ABSOLUTE Realty Group Inc. | |||
| Aug 14, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Jul 23, 2026 | Listed by ABSOLUTE Realty Group Inc. | $215,000 | |
| Listed by ABSOLUTE Realty Group Inc. | |||
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BEAUTIFULLY RENOVATED HOME ON A SPACIOUS CORNER LOT! This MOVE-IN READY property offers the perfect combination of comfort, convenience, and value. BRAND-NEW ROOF, fresh updates throughout, and an inviting layout designed for everyday living. Enjoy the benefits of LOW PROPERTY TAXES and NO HOA, providing greater affordability and freedom.
The OVERSIZED CORNER LOT offers added privacy, extra parking, excellent curb appeal, and plenty of outdoor space for entertaining, gardening, pets, or future expansion. Conveniently located with EASY ACCESS TO I-45, I-610, HIGHWAY 288, AND BELTWAY 8, making commuting throughout Houston simple and efficient.
Just minutes from DOWNTOWN HOUSTON, the TEXAS MEDICAL CENTER, UNIVERSITY OF HOUSTON, major employers, hospitals, shopping, dining, and entertainment. Whether you're a first-time homebuyer, downsizing, or seeking an investment opportunity, this home delivers MODERN UPDATES, A PRIME LOCATION, AND EXCEPTIONAL VALUE.
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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