11421 SHERRIE LANE
About This Property
The bright living room features a bay window, recessed lighting, and French doors leading to the patio and fenced backyard. The open dining room with chair rail molding connects seamlessly to the living room and flows into the renovated kitchen. Designed for both style and function, the kitchen is outfitted with granite countertops, butcher block counters, open shelving, and updated appliances. This level also includes two bedrooms and a full, recently renovated bathroom.
The walk-out lower level provides remarkable versatility, serving as additional living space or an in-law / au pair suite. You'll enjoy a generous living area, second full kitchen, updated full bathroom, and additional bedrooms and bright den/ flex space suitable for guests or an office.
This residence has benefited from numerous improvements: brand-new Carrier HVAC (2025), replacement windows (2024), EV charger (2024), hybrid heat pump water heater (2023), newer roof (2019), chimney work (2024), radon mitigation (2024), and a proactive water management system.
The private, fenced backyard represents a peaceful retreat on a landscaped lot, with a patio and ample room for play. The two sheds and a driveway with EV charger add convenience. Perfectly positioned near Wheaton Metro, Westfield Mall, and Wheaton Library, with so many shops, restaurants, health clubs, and theaters nearby. With easy access to the Beltway, downtown Silver Spring, and major commuter routes, this home delivers an ideal combination of location, comfort, and space in one of Silver Spring's most desirable neighborhoods. Enjoy!
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017