7402 Gaines Mill LN
About This Property
Inside, enjoy brand-new wide-plank Waterproof SPC luxury vinyl flooring throughout (no carpet), fresh paint, and a welcoming living room with a gas fireplace, stone surround, and cedar mantel. The main-floor primary suite features a walk-in closet and a brand-new spa-like walk-in shower, with direct patio access.
Upstairs, a second living area opens to a bright white kitchen with quartz counters, soft-close cabinets, stainless appliances, gas range, and a breakfast bar. French doors lead from the dining area to a private balcony overlooking the backyard. Two more spacious bedrooms with walk-in closets share a full bath with a soaking tub - plenty of room for kids, guests, or a home office.
Smart home features throughout: Philips Hue color-changing smart bulbs, a Nest thermostat, Nest Protect smoke/CO alarm, Nest exterior cameras, and Yale smart door locks for everyday convenience and peace of mind.
Major systems - roof, HVAC, and water heater - were all updated in 2019. Refrigerator, washer, dryer, all smart home features, and upstairs TV convey. Zoned to Cunningham Elementary (7/10) and Covington Middle (6/10), both strong Austin ISD schools.
Minutes from the Menchaca corridor, Sunset Valley shopping, South Congress, St. Elmo, and downtown Austin - this is the rare combination of space, updates, and smart-home convenience families are searching for, with no HOA.
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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 4, 2026 | Price Decreased |
$615,000
↓ $20K
(3.2%) | |
| Price Decreased | |||
| Jul 28, 2026 | Price Decreased |
$635,000
↓ $10K
(1.6%) | |
| Price Decreased | |||
| Jul 14, 2026 | Listed by Keller Williams Realty | $645,000 | |
| Listed by Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017