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1456 Waterfront Drive

Tobyhanna, PA 18466

3

2

1,722 Sq.Ft.

Single Family Residential

$278,000

Year Built

1977

Price per sq.ft

$161

OWNER SAYS SELL!! HUGE PRICE REDUCTION! TURN KEY! A beautiful lake view home with new windows, this one is for you! 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

2.49%

Avg. Monthly Income

$2,066

Expenses

$304

Long-term rental strategy

Optimal strategy

Cap Rate

4.88%

Avg. Monthly Income

$2,147

Expenses

$109

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Comparables

property

+ Revenue Estimate

$278,000

1456 Waterfront Drive

Pocono Country Place

3

2

1722sq.ft

Cap rate

2.49%

Occupancy rate

37.00%

property

+ Revenue Estimate

$229,000

7437 Tamara Lane

Pocono Country Place

3

2

1280sq.ft

Cap rate

3.47%

Occupancy rate

37.00%

property

+ Revenue Estimate

$245,000

8333 Shannon Drive

Pocono Country Place

3

2

1306sq.ft

Cap rate

4.10%

Occupancy rate

37.00%

property

+ Revenue Estimate

$275,000

8453 Bear Trail Drive

Pocono Country Place

4

2

1512sq.ft

Cap rate

7.14%

Occupancy rate

40.00%