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1456 WATERFRONT DRIVE

Tobyhanna, PA 18466

3

2

1,800 Sq.Ft.

Single Family Residential

$349,000

Year Built

1977

Price per sq.ft

$194

IMMACULATE LAKE VIEW WITH EASY LAKE ACCESS !TURN KEY! A beautiful lake view home with new windows, Short Term Rental Friendly community! This property offers three bedrooms, two full bathrooms and an open floor plan that connects the kitchen w/new Appliances to the living room with a wood burning fireplace. New flooring, New roof installed in 2020. Large parking area with landscaped river stone. Close to Rt 80, shopping, Mt. Airy Casino, Kalahari Resort, Aquatopia, Camelback Skiing resort, state parks, water sports, hiking, fishing, hunting and some much more.

Property Investment Potential

Short-term rental strategy

Cap Rate

1.68%

Avg. Monthly Income

$2,150

Expenses

$306

Long-term rental strategy

Optimal strategy

Cap Rate

3.64%

Avg. Monthly Income

$2,237

Expenses

$110

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Comparables

property

+ Revenue Estimate

$385,000

2595 Waterfront Drive

Pocono Country Place

4

3

2550sq.ft

Cap rate

5.43%

Occupancy rate

41.00%

property

+ Revenue Estimate

$168,000

1557 Black Birch Way

Pocono Country Place

3

2

1650sq.ft

Cap rate

7.57%

Occupancy rate

37.00%

property

+ Revenue Estimate

$229,999

1621 Sunny Side Drive

Pocono Country Place

3

2

1080sq.ft

Cap rate

4.77%

Occupancy rate

37.00%

property

+ Revenue Estimate

$549,000

1431 Waterfront Drive

Pocono Country Place

3

3

1762sq.ft

Cap rate

1.02%

Occupancy rate

37.00%