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355 Myers Avenue
About This Property
The open-concept floor plan is filled with natural light, inviting family and friends to gather while enjoying panoramic water views. Plantation shutters adorn every window, adding timeless elegance and privacy throughout the home. Step outside onto the expansive front deck, where morning coffee, sunset dinners, and evenings under the stars become part of your daily routine. The main-level primary suite is thoughtfully designed for comfort, featuring private sliding-door access to the deck so you can wake up to the peaceful sights and sounds of the lake.
The thoughtfully designed landscaping ensures there's always something in bloom throughout the year, creating color and beauty in every season. Two striking Japanese maples provide stunning focal points, while a fire pit on the north side of the home offers the perfect gathering place for cool evenings overlooking the natural surroundings. A detached screened patio tucked into the backyard provides a second private escape--ideal for relaxing with a book, enjoying summer evenings, or entertaining in comfort. Gutter guards add another layer of low-maintenance convenience, allowing you to spend more time enjoying the property.
Despite its secluded feel, this lakeside haven is conveniently located less than 30 minutes from downtown Chattanooga. Spend afternoons enjoying authentic Italian-inspired dining at the nearby Lookout Winery Company, known for its imported flour from Italy and handcrafted cuisine, or launch your boat just minutes away at Hale's Marina with convenient public access to Nickajack Lake.
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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 |
|---|---|---|---|
| Jul 27, 2026 | Listed by Greater Downtown Realty dba Keller Williams Realty | $600,000 | |
| Listed by Greater Downtown Realty dba Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017