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1520 Lake Lane

Pocono Lake, PA 18347

3

3

2,496 Sq.Ft.

Single Family Residential

$380,000

Year Built

1973

Price per sq.ft

$152

Timeless Poconos Chalet nestled in the Locust Lake Village. Short-term rentals ALLOWED. Featuring 3 lakes for fishing & boating, sandy beaches, ski hill & more. This TURN-KEY, FULLY FURNISHED home welcomes you by a front deck that beckons you to relax & unwind. The main floor showcases a modern open concept living & dining area, beautiful cathedral ceiling w/ rustic beams. 2 spacious bedrooms, bonus room and a full bath. Cozy up by fireplace on chilly evenings. The 2nd level has the Primary bedroom with a loft area & an en-suite bath. The fully finished basement offers extra space for entertainment, w/ a Family & Rec Room, 1/2 bath, plus laundry. Large driveway & a gravel patio with a firepit. The detached garage offers plenty of storage. Exceptional property, come embrace the Poconos!

Property Investment Potential

Short-term rental strategy

Optimal strategy

Cap Rate

6.16%

Avg. Monthly Income

$3,998

Expenses

$344

Long-term rental strategy

Cap Rate

3.63%

Avg. Monthly Income

$2,254

Expenses

$110

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