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142 Michigana Drive

Pocono Lake, PA 18347

2

1

800 Sq.Ft.

Single Family Residential

$170,000

Year Built

1971

Price per sq.ft

$213

This is an amazing opportunity to own a private home in one of the most sought after communities in the Poconos. This single detached ranch inside Arrowhead Lakes Community offers privacy with plenty of updates inside the house. Outside the community offers lots of amenities including 2 lakes, 4 beaches, 3 heated pools, lodge with game room and full gym. This home makes for the Perfect vacation or Short-Term Rental Home! The home has been completely renovated and offers a ton of modern updates. The entire home boasts new floors, new paint throughout, along with a remodeled kitchen offering stainless steel appliances. There are two well sized bedrooms, One bathroom and a laundry hookup. Seller is licensed PA Real Estate Agent

Property Investment Potential

Short-term rental strategy

Optimal strategy

Cap Rate

11.71%

Avg. Monthly Income

$3,176

Expenses

$327

Long-term rental strategy

Cap Rate

5.37%

Avg. Monthly Income

$1,459

Expenses

$103

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