$425,000
●
House -
Off Market
7410 Fields Drive
Cumming, GA 30041
5 Beds
4 Baths,
1
Half Bath
2,824 Ft²
$2,504
Est. Monthly
7.09%
Cap Rate
About This Property
.33 Acre Lake Lot with Single Slip Dock on Lake Lanier in prime NE
Forsyth County location on Young Deer Creek. The house is
either a huge Fixer-Upper or most likely a tear down and Sold
AS-IS. Excellent Forsyth County Schools including the new
East Forsyth High School district. #HeadEast
Unit Size
2,824 Ft²
Days on Market
156 days
Land Size
0.33 acres
Price per sqft
$177
Property Type
House
Property Taxes
$54
HOA Dues
-
Year Built
1970
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100% Occupancy
N/A (extreme outlier) 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.
Last updated: 19 days ago (GAMLS #10295714)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 22, 2025 | Listed | $1,165,000 | |
| Listed | |||
| | |||
|
*A CERTIFIED 5 STAR HOME! $10,000 towards Buyer's Closing Costs, 2-10 Home Warranty included, Termite Warranty included, Septic Tank inspection completed.* Experience lakeside luxury at its finest with this newly remodeled custom-built masterpiece nestled in a quiet cove on beautiful Lake Lanier. .33 Acre Lake Lot in prime NE Forsyth County located on Young Deer Creek. Amazing lake home FULLY RENOVATED and inspected by Forsyth county with just about everything brand new! NEW ROOF with ARCHITECTURAL SHINGLES, New Siding, Multiple new decks, New Kitchen & appliances, All New Bathrooms, New flooring throughout, New HVAC & ductwork, New windows, doors, plumbing & 90% New wiring! 2 Laundry Rooms. 50amp service in garage for EV & hot tub. The terrace level is perfect for additional entertainment complete with half bath, rec room, den, exit to backyard & Lake, and 2nd laundry room. NO HOA!! Private covered lighted 32x20 Dock on Lake Lanier. East Forsyth High School district. #HeadEast Move in ready & ready for immediate occupancy. Your lake life is calling!
| |||
| Oct 11, 2024 | Sold | ||
| Sold | |||
| Sep 16, 2024 | In contract | - | |
| In contract | |||
| Aug 28, 2024 | Relisted | $499,000 | |
| Relisted | |||
| Aug 22, 2024 | In contract | - | |
| In contract | |||
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Forsyth
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Listed by: Mickey Hyams, Keller Williams Community Partners
Last Updated: 19 days ago
Data Source: GAMLS, MLS# 10295714
Last Updated: 19 days ago
Data Source: GAMLS, MLS# 10295714
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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