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188 Elk Drive

Blakeslee, PA 18610

4

3

2,700 Sq.Ft.

Single Family Residential

$299,900

Year Built

1977

Price per sq.ft

$111

**HUGE PRICE DROP! MOTIVATED SELLER!** CONTEMPORARY POCONOS LAKE HOUSE Updated 3-Level Brier Crest Woods 4BR 2.5BA Contemporary Lake Home Offers LAKEVIEWS Directly Adjacent to Canoe/Paddleboat Dock to Brier Crest Woods Lake & Backs to PA State Game Lands! SHORT-TERM RENTAL FRIENDLY Poconos Lake Community Ideal AirBNB/VRBO Investment! FRESHLY PAINTED EXTERIOR & INTERIOR Plus NEW LAMINATE Plank Kitchen Flooring & NEW Back Door! 3 Levels of Living Space w/ 3rd Floor Treetop LOFT & Impressive Exposed Wood Beam CATHEDRAL CEILINGS in Amazing WATERFRONT Location! Steps to the Lake! Modern Kitchen has Ample Cabinetry w/ Serving Window to Dining Area Flowing into OPEN LAYOUT Living Room w/ Stone Floor-to-Ceiling Fireplace & Windows Galore for Natural Lighting! Spacious Main Level MASTER SUITE has Private En-Suite Bath w/ Updated GRANITE Vanity! Lower Level Features the Additional 3 Generous-Sized Bedrooms & Main Bath! 4th Bedroom has HUGE Walk-In Closet w/ Room for 4 Beds Plus Access to Garage! Close to All Major Poconos Attractions! See Aerial View Photos of Pocono Raceway Nascar Nearby! Call for Your Private Showing!

Property Investment Potential

Short-term rental strategy

Optimal strategy

Cap Rate

8.03%

Avg. Monthly Income

$3,872

Expenses

$342

Long-term rental strategy

Cap Rate

7.24%

Avg. Monthly Income

$2,820

Expenses

$115

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Comparables

property

+ Revenue Estimate

$299,900

188 Elk Drive

Brier Crest Woods

4

3

2700sq.ft

Cap rate

8.03%

Occupancy rate

35.00%

property

+ Revenue Estimate

$339,500

126 Maple Road

Brier Crest Woods

3

2

1581sq.ft

Cap rate

6.19%

Occupancy rate

42.00%

property

+ Revenue Estimate

$207,500

173 Schochs Mill Road

Brier Crest Woods

3

2

1536sq.ft

Cap rate

10.49%

Occupancy rate

42.00%

property

+ Revenue Estimate

$300,000

267 Brier Crest Road

Brier Crest Woods

3

2

1972sq.ft

Cap rate

6.99%

Occupancy rate

42.00%