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Map
7421 Savannah Dr
About This Property
This home has been thoughtfully updated from top to bottom, including new windows, doors, HVAC, roof, electrical wiring, and flooring (ask your Realtor for the full renovation list). Additional features include a 4-car garage with a large storage attic, a separate outbuilding, a private gated driveway, and an additional private parking area across the street. This is a rare opportunity to own a move-in-ready sanctuary on the water.
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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 |
|---|---|---|---|
| Sep 15, 2026 | Price Decreased |
$1,295,000
↓ $105K
(7.5%) | |
| Price Decreased | |||
| Aug 10, 2026 | Listed by Coldwell Banker Pryor Realty | $1,400,000 | |
| Listed by Coldwell Banker Pryor Realty | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Aug 19, 2020 | Listed | $419,900 | |
| Listed | |||
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LOOKING TO LIVE OFF YEAR ROUND DEEP WATER? Welcome home to this highly desired unique lake house nestled in the heart of Ooltewah. This lake house comes w/ a covered boat dock & electric boat lift. Move in ready for you & your family to live at or use as a 2nd home! Its HUGE shaded 2,400 sq ft. deck is perfect for entertaining any guest. The home boasts slate countertops & floor in kitchen, a slate bathroom floor, massive slate shower, & a 4 car garage w/ tons of storage & workbenches. Owner has Hefferlin & Kronenberg Architect drawings which will give you ideas of how to build on. Its open concept in living room, dining, & kitchen offers tons of space to make memories. Relax on the back deck facing waterfront. Current owner has spent over $280,000 in updates & more. Come see your new home The manager has listed the unit size as 1192 square feet.
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| Feb 3, 2019 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017