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113 Marthas Lane

Pocono Lake, PA 18347

3

2

1,288 Sq.Ft.

Single Family Residential

$269,000

Year Built

1968

Price per sq.ft

$209

New to the market in desirable 5 star community of Locust Lake Village! Home offers 3 bd, 2 bathrooms, large living area, separate dining room, 2 fireplaces (1 wood & 1 propane), beautiful hardwood floors, loads of natural light and oversized 2 car detached garage with electric and a great workshop. A great place to store your toys! Cozy cabin style, the French doors lead you to a secluded back deck surrounded with tall trees. Sit with friends in the screened porch to sip morning coffee or enjoy a drink. Long circular driveway easily fits 7 cars plus more towards the 2 car garage. Lg unfinished basement is ready for you to customize. Upgrades include new water pump, water heater, clothes washer and dryer. Community allows STRs and offers recreational activities for families.

Property Investment Potential

Short-term rental strategy

Optimal strategy

Cap Rate

11.3%

Avg. Monthly Income

$4,278

Expenses

$350

Long-term rental strategy

Cap Rate

5.21%

Avg. Monthly Income

$1,857

Expenses

$107

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Comparables

property

+ Revenue Estimate

$269,000

113 Marthas Lane

Locust Lake Village

3

2

1288sq.ft

Cap rate

11.30%

Occupancy rate

58.00%

property

+ Revenue Estimate

$289,000

383 Berry Lane

Locust Lake Village

3

2

1400sq.ft

Cap rate

9.65%

Occupancy rate

58.00%

property

+ Revenue Estimate

$550,000

144 Tommys Lane

Locust Lake Village

4

3

3707sq.ft

Cap rate

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Occupancy rate

27.00%

property

+ Revenue Estimate

$296,600

244 Ridge Road

Locust Lake Village

3

2

2214sq.ft

Cap rate

9.25%

Occupancy rate

58.00%