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246 Mountain View Drive

Pocono Lake, PA 18348

3

2

1,156 Sq.Ft.

Single Family Residential

$274,900

Year Built

2015

Price per sq.ft

$238

Looking for a turnkey vacation home? Look no further! Like new 3 bed 1.5 bath ranch in amenity filled community. This home was rebuilt in 2016 & since that time has been barely lived in. Everything is included! Kitchen is equipped with all stainless steel appliances. There is a new hot water heater with anode rod & new water treatment system in the crawl space. Open floor plan gives the home a cozy yet spacious feeling. Enjoy the beautiful fall foliage on the front deck. Located on a private wooded lot with circular driveway. Commuter location! Close to all major Pocono attractions!

Property Investment Potential

Short-term rental strategy

Optimal strategy

Cap Rate

8.9%

Avg. Monthly Income

$4,015

Expenses

$345

Long-term rental strategy

Cap Rate

5.59%

Avg. Monthly Income

$2,313

Expenses

$110

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Comparables

property

+ Revenue Estimate

$565,000

291 White Pine Drive

Locust Lake Village

4

3

2662sq.ft

Cap rate

0.95%

Occupancy rate

27.00%

property

+ Revenue Estimate

$319,900

329 Selig Road

Locust Lake Village

3

2

1436sq.ft

Cap rate

7.24%

Occupancy rate

54.00%

property

+ Revenue Estimate

$274,900

246 Mountain View Drive

Locust Lake Village

3

2

1156sq.ft

Cap rate

8.90%

Occupancy rate

54.00%

property

+ Revenue Estimate

$244,000

275 Selig Road

Locust Lake Village

3

2

2240sq.ft

Cap rate

10.48%

Occupancy rate

54.00%