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1217 Kensington Drive

East Stroudsburg, PA 18301

4

4

3,562 Sq.Ft.

Single Family Residential

$495,000

Year Built

2007

Price per sq.ft

$139

Property under contract. Lovely colonial home in Penn Estates, ideal for vacation rental, vacation home or as your primary home. Operated as a luxury STR for the past few years, the is ready to go. Central A/C, rear deck, 2 car garage, with public water and sewer! Nicely appointed interiors with a gas fireplace and nice kitchen with quartz countertops and stainless-steel appliances. Finished lower level currently used as a game room has its own bathroom and walk-out to patio. AirBnB is one use, ideal for investors. Move-in condition is another use, close to town and Route 80.

Property Investment Potential

Short-term rental strategy

Optimal strategy

Cap Rate

4.34%

Avg. Monthly Income

$4,271

Expenses

$350

Long-term rental strategy

Cap Rate

3.91%

Avg. Monthly Income

$3,175

Expenses

$118

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Comparables

property

+ Revenue Estimate

$495,000

1217 Kensington Drive

Penn Estates

4

4

3562sq.ft

Cap rate

4.34%

Occupancy rate

44.00%

property

+ Revenue Estimate

$275,000

118 Hyland Drive

Penn Estates

3

2

1600sq.ft

Cap rate

3.83%

Occupancy rate

40.00%

property

+ Revenue Estimate

$429,900

416 Hyland Drive

Penn Estates

4

3

2994sq.ft

Cap rate

5.32%

Occupancy rate

44.00%

property

+ Revenue Estimate

$324,900

1136 Summit Terrace

Penn Estates

3

2

2166sq.ft

Cap rate

3.82%

Occupancy rate

40.00%