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3271 Sherry Lane
About This Property
At 3271 Sherry Lane, this meticulously maintained home offers a flexible layout with 3 bedrooms, 2.5 bathrooms, and two living spaces that give you room to spread out, gather, or work from home. The updated windows add efficiency and style, while the fully fenced back yard creates a practical outdoor setting with the added benefit of a storm cellar. Recent improvements include a carport and awning installed in June 2025, a new HVAC system in December 2025, and a new gas water heater in February 2026. Located in North Abilene and minutes from the Stargate AI data center, this property combines everyday function with major recent updates.
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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 |
|---|---|---|---|
| Jun 2, 2026 | Sold | ||
| Sold | |||
| Apr 26, 2026 | In contract | - | |
| In contract | |||
| Apr 23, 2026 | Listed by Berkshire Hathaway HS Stovall | $189,700 | |
| Listed by Berkshire Hathaway HS Stovall | |||
| Apr 24, 2023 | Sold | ||
| Sold | |||
| Dec 6, 2022 | Listed by JPAR Arlington | $155,000 | |
| Listed by JPAR Arlington | |||
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Welcome to this one of a kind move in ready home! 3 bedroom with an additional space within the master bedroom that could be turned into a 4th bedroom or a second living area. Home offers 2.5 bathrooms, a great size backyard, garage with front and back door that gives access to the backyard. Easy access to to Hwy 83 and I-20. Come see it before it’s gone!
More pics coming soon.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017