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2006 Candlewood Drive

East Stroudsburg, PA 18301

4

3

2,128 Sq.Ft.

Single Family Residential

$320,000

Year Built

1978

Price per sq.ft

$150

Looking for something special? Look no further! This home offers an updated open floor plan flooded with natural light, providing a blank canvas for you to create a unique space. The fabulous new kitchen features quartz countertops, sleek stainless steel appliances, and soft-close cabinetry. Enjoy the comfort of a complete ductless heat/air conditioning system, new windows, a woodstove + a free-standing fireplace, and luxury vinyl plank flooring throughout. Two unique spiral staircases stylishly connect all three floors of living space. Four bedrooms + a finished basement offer options for your art studio, office, movie room & more. A Pocono classic, but better! Located in the amenity-rich Penn Estates community just minutes from the beach, lakes, pools, dog park, and community center.

Property Investment Potential

Short-term rental strategy

Optimal strategy

Cap Rate

7.37%

Avg. Monthly Income

$4,052

Expenses

$345

Long-term rental strategy

Cap Rate

6.56%

Avg. Monthly Income

$2,949

Expenses

$116

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Comparables

property

+ Revenue Estimate

$550,000

557 Lakeside Drive

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4

3

2072sq.ft

Cap rate

3.23%

Occupancy rate

42.00%

property

+ Revenue Estimate

$320,000

2006 Candlewood Drive

Penn Estates

4

3

2128sq.ft

Cap rate

7.37%

Occupancy rate

42.00%

property

+ Revenue Estimate

$389,900

1194 Woodland Drive

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3

1800sq.ft

Cap rate

12.52%

Occupancy rate

48.00%

property

+ Revenue Estimate

$275,000

114 Brewster Way

Penn Estates

5

3

4530sq.ft

Cap rate

18.83%

Occupancy rate

48.00%