1771 B Grove Point Road
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 |
|---|---|---|---|
| Feb 7, 2024 | Sold | ||
| Sold | |||
| Dec 12, 2023 | Listed by Engel & Volkers Atlanta | $315,000 | |
| Listed by Engel & Volkers Atlanta | |||
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Come view this freshly renovated and peaceful retreat surrounded by nature with over an acre and a portion of the pond. You will feel like you are removed from it all but close to everything! It’s unique and one of a kind, you won’t find anything else like it in Savannah. It’s perfect as a primary residence, income, or investment property.
The entire interior and exterior have been freshly painted along with brand new luxury vinyl flooring. Also on the property, is a shipping container waiting for you to put your own stamp on it. With electrical already lined to it, you can make it a workshop or turn it into an additional dwelling, whatever you can dream up!
Located in a very convenient area with I-95 only 5 minutes away, Armstrong/GSU and shopping just a few minutes down the road and downtown Savannah is only about 20 minutes.
Listing agent has material relationship with Seller.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017