3111 Sherry Lane
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 |
|---|---|---|---|
| Jan 12, 2026 | Sold | ||
| Sold | |||
| Dec 14, 2025 | In contract | - | |
| In contract | |||
| Dec 5, 2025 | Listed by KW SYNERGY* | $127,000 | |
| Listed by KW SYNERGY* | |||
| Oct 23, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 9, 2025 | Listed by Modern Day Living Re LLC | $135,000 | |
| Listed by Modern Day Living Re LLC | |||
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Investor Special in Abilene!
This 3-bedroom, 1-bath home at 3111 Sherry Ln offers a great opportunity for investors looking to secure a reliable rental property. With 1,064 square feet of living space, this home features a practical layout in a stable, tenant-friendly area. The property is currently tenant-occupied with a lease in place through January 30, 2026—meaning instant cash flow from day one. Whether you're expanding your portfolio or entering the market, this is a solid asset to consider. Don’t miss your chance to own an income-producing property in Abilene!
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Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017