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281 Fern Ridge Road

Blakeslee, PA 18610

4

2

1,920 Sq.Ft.

Single Family Residential

$349,900

Year Built

1990

Price per sq.ft

$182

This home was built to hold generations of memories. Short Term Rental Friendly Community with a close proximity to the lake & other amenities, this house is what you've been searching for. Huge well sealed windows bring the mornings sunlight and you can ease into the evening while watching the sky fade to dusk. The fireplace will welcome you warmly in the winter after a long day on the slopes. Negate a crowded vacation with this spacious multi level home. Tax records state 4 bedrooms 2 bathrooms, there are 2 bonus rooms in the living area on the lower level that will provide ample space to relax. This property would also work well for a family that may want to invest in property for shared generational living. * Golf carts and Quads are permitted in this community.

Property Investment Potential

Short-term rental strategy

Optimal strategy

Cap Rate

6.33%

Avg. Monthly Income

$3,897

Expenses

$342

Long-term rental strategy

Cap Rate

4.39%

Avg. Monthly Income

$2,428

Expenses

$111

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Comparables

property

+ Revenue Estimate

$365,000

144 BIRCH DRIVE

Brier Crest Woods

3

3

2250sq.ft

Cap rate

3.60%

Occupancy rate

38.00%

property

+ Revenue Estimate

$349,900

281 Fern Ridge Road

Brier Crest Woods

4

2

1920sq.ft

Cap rate

6.33%

Occupancy rate

37.00%

property

+ Revenue Estimate

$264,900

1509 Dove Court

Brier Crest Woods

4

3

2592sq.ft

Cap rate

9.21%

Occupancy rate

37.00%