11 Cherry Lane
About This Property
Charming ranch situated on a quiet, low-traffic street within the highly sought-after Guilderland School District. Conveniently located just minutes from shopping, dining, and everyday amenities. The spacious living room features a gas fireplace and flows seamlessly into the kitchen and dining area, creating an inviting layout for everyday living and entertaining. The updated kitchen offers a center island, tile backsplash, and a dishwasher. The bathroom was completely renovated in 2025. Enjoy the enclosed porch with a bar, leading to a deck that overlooks a large, fully fenced backyard with a shed. Recent improvements provide peace of mind, including a new roof (2025), natural gas furnace (2021), public water and sewer, and vinyl windows. Truly move-in ready. Nothing to do but unpack and enjoy
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 14, 2026 | Sold | ||
| Sold | |||
| May 4, 2026 | In contract | - | |
| In contract | |||
| Apr 27, 2026 | Listed by Miranda Real Estate Group Inc | $280,000 | |
| Listed by Miranda Real Estate Group Inc | |||
| Aug 1, 2022 | Sold | ||
| Sold | |||
| Apr 4, 2022 | Listed by Miranda Real Estate Group Inc | $219,900 | |
| Listed by Miranda Real Estate Group Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017