5725 Gerber Terrace
About This Property
The open-concept main living area is filled with natural light from floor-to-ceiling windows, offering sweeping views of the expansive backyard. A cozy fireplace anchors the space, seamlessly connecting to the kitchen and breakfast area, perfect for entertaining. The chef's kitchen boasts a large island, granite countertops, and abundant cabinet and counter space to meet all your culinary needs.
The ideal floor plan features a first-floor primary suite with a spa-like bath including dual vanities, a garden tub, walk-in shower, and a fabulous custom closet. A first-floor guest suite adds flexibility for visitors or provides you the perfect space for a home office. Upstairs, you'll find a spacious open living area, dedicated media room, three generous bedrooms, and two additional full baths.
Updates include: new dishwasher, induction cooktop, and Culligan water filtration system in kitchen, updated bathrooms, new ADT security system, and new built-ins, ceiling fans, light fixtures and fresh paint throughout.
Step outside to enjoy the covered patio and a backyard filled with mature trees, ideal for relaxing or hosting gatherings. Just a short walk or bike ride to Breckinridge Park, where you can enjoy neighborhood events like the 4th of July fireworks. All this in a prime location near schools, shopping, dining, and within highly sought-after Plano ISD.
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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 2, 2025 | Sold | ||
| Sold | |||
| Sep 7, 2025 | In contract | - | |
| In contract | |||
| Sep 4, 2025 | Price Decreased |
$645,000
↓ $20K
(3%) | |
| Price Decreased | |||
| Aug 1, 2025 | Price Decreased |
$665,000
↓ $30K
(4.3%) | |
| Price Decreased | |||
| Jun 19, 2025 | Listed by Keller Williams Dallas Midtown | $695,000 | |
| Listed by Keller Williams Dallas Midtown | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017