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2365 Locust Ridge Road

Pocono Lake, PA 18347

3

2

2,552 Sq.Ft.

Single Family Residential

$207,000

Year Built

1990

Price per sq.ft

$81

Priced to move, owner will entertain all offers. Home needs finishing. The exterior of this split level home is a mix of natural wood and brick. The living area features vaulted ceilings while the kitchen contains wood cabinets. The master bedroom provides a large closet and en suite bath. The unfinished basement was used as space for 3 bedrooms and a half bath. A nearly half acre wooded lot provides privacy and off-street parking. This home sits within the Arrowhead Lake Community boasting 2 lakes, 3 heated pools, 4 beaches, and lodge containing fitness center, library, and adult billiards room. Rentals for canoes, kayaks, paddleboards, bikes and sports equipment are available. Whether you're seeking a year-round residence or a weekend getaway, don't miss this chance to make it yours!

Property Investment Potential

Short-term rental strategy

Cap Rate

2.48%

Avg. Monthly Income

$1,813

Expenses

$299

Long-term rental strategy

Optimal strategy

Cap Rate

6.3%

Avg. Monthly Income

$2,054

Expenses

$108

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