188 Savannah Drive
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 |
|---|---|---|---|
| Jun 13, 2023 | No longer available | - | |
| No longer available | |||
| Jun 12, 2023 | Sold | ||
| Sold | |||
| May 13, 2023 | In contract | - | |
| In contract | |||
| Jan 6, 2023 | Listed by Keller Williams Realty Augusta Partners | $1,150,000 | |
| Listed by Keller Williams Realty Augusta Partners | |||
| | |||
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Imagine drinking your morning cup of coffee while witnessing a spectacular sunrise shimmering over the water. Observe early morning kayakers and fishermen casting through the mist rising from the lake on cool mornings. Take in unobstructed and, breathtaking views of the Savannah Riverside of Lake Thurmond from nearly every window in this home. Watch blue heron, osprey, geese, and ducks from your screened-in porch, wrap-around deck, or almost any room in the house. Better yet, walk down to your dock, just a few yards away, and take your boat out for a morning expedition. This waterfront home is simply amazing. The kitchen is anchored by a large center island with custom cabinetry. Beautiful hardwood flooring. On chilly nights, get cozy by the double fireplace (wood burning, but piped for gas if you prefer). The main floor owner's suite has an en suite bathroom, a walk-in cedar-lined closet, and direct access to the deck and firepit area. The exterior of the home is brick. Depending on your desires, this home can be a year-round residence or seasonal retreat. Downstairs hosts a billiard room, in-law suite, a guest suite, a complete kitchen, and a large carpentry workshop. Easily park 3 cars and a golf cart in the garage. Savannah Drive is a close-knit neighborhood of both full-time and part-time residents. Close to the bank, gas station, doctor's offices, and all of Savannah Lakes Village amenities including two championship golf courses & restaurants, indoor and outdoor Junior Olympic pools, tennis, pickle ball, bocce ball, and fitness classes and so much more. HVAC on main level replaced in 2018. Both propane water heaters replaced in 2020. Roof replaced in 2012. High efficiency propane units with minimal electrical bills. Gas and electric bills available for review during due diligence. The manager has listed the unit size as 5020 square feet.
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| May 20, 2022 | Listed by Augusta Partners, LLC | $1,150,000 | |
| Listed by Augusta Partners, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017