39
Map
508 Gemma DR
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 |
|---|---|---|---|
| May 18, 2026 | No longer available | - | |
| No longer available | |||
| Mar 17, 2026 | Price Decreased |
$1,450,000
↓ $49K
(3.3%) | |
| Price Decreased | |||
| Feb 17, 2026 | Listed by Todd Hower Realty LLC | $1,499,000 | |
| Listed by Todd Hower Realty LLC | |||
| |||
|
***Assumable Rate Available***Nestled in a tranquil, meticulously maintained neighborhood, this thoughtfully
designed home offers the rare combination of togetherness and privacy that growing families crave. The split floor plan
places the luxurious owner's suite in its own peaceful wing, while secondary bedrooms occupy the opposite side.
Teenagers will love the spacious bonus room above the garage, providing the separation both generations appreciate.
Premium Pella windows fill the home with natural light while offering energy efficiency that saves on bills. Dual HVAC
zones ensure comfort year-round, and soaring vaulted ceilings amplify the home's sense of space. Rich hardwood
floors flow through the main living areas, complemented by an inviting fireplace for cozy evenings and family
gatherings. Step outside to an entertainer's dream: an expansive covered patio offers shade for long Texas afternoons,
while the fully equipped outdoor kitchen—with sink and refrigerator—keeps hosting effortless. The fenced yard, with
privacy screens, creates an intimate backyard sanctuary. Convenience meets community here. You're minutes from the
brand-new high school, with direct 183A access for easy downtown Austin commutes. An upcoming Costco and Target
within 5 miles add everyday convenience to an already exceptional location. This isn’t just a house—it’s a home
designed for real family life, where every detail supports both connection and the personal space everyone needs to
thrive.
| |||
| Dec 19, 2025 | No longer available | - | |
| No longer available | |||
| Nov 20, 2025 | Price Decreased |
$1,499,000
↓ $50K
(3.2%) | |
| Price Decreased | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017