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2321 LOCUST RIDGE ROAD

Pocono Lake, PA 18347

2

1

1,024 Sq.Ft.

Single Family Residential

$120,000

Year Built

1971

Price per sq.ft

$117

'Property is Under Contract and considering back-up offers only at this time. AS-IS Chalet just outside of the gated, amenity-filled community of Arrowhead Lake. This 2 bedroom, 1 bath chalet is part of the Arrowhead community but located outside of the gates. Living room has cathedral ceilings, wood walls, and a brick propane fireplace. Kitchen has an electric stove. Washer/dryer hook-up in the home. Bathroom has tile floor. Large sleeping loft upstairs. Large front deck and a shed on property for storage. Home sold AS-IS! Arrowhead Lake is a gated community with security, 3 heated swimming pools, 2 lakes for fishing/swimming and boating, tennis courts and bocce ball. Many of these activities have occurred over the years including bonfires, carnival, Zumba, water aerobics, swim team, potluck dinners/breakfast and summer camp.

Property Investment Potential

Short-term rental strategy

Optimal strategy

Cap Rate

13.67%

Avg. Monthly Income

$2,718

Expenses

$318

Long-term rental strategy

Cap Rate

3.68%

Avg. Monthly Income

$966

Expenses

$99

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