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337 Owassa Drive

Pocono Lake, PA 18347

4

4

2,096 Sq.Ft.

Single Family Residential

$785,000

Year Built

1986

Price per sq.ft

$375

Back on the market! The iconic 'Pocodobe' vacation rental home has the only PRIVATE SWIMMING POOL in Arrowhead Lake, one of the many reasons this property rents so well! Double Lot for privacy, this well-designed home is offered turnkey, you don't even to bring a towel. If you want it as a rental investment, this property generated $144K over the past 12 months. Central Heat and A/C, pool wrapped by the huge deck, hot tub, and huge main bedroom suite with spa-like bathroom. Central fireplace in the addition gives a southwestern vibe. If the pool, lake view and unique living room weren't enough, is just two blocks the amenities at island pool, just jump in your golf cart and live the good life in Arrowhead Lake.

Property Investment Potential

Short-term rental strategy

Cap Rate

0.3%

Avg. Monthly Income

$3,178

Expenses

N/A

Long-term rental strategy

Optimal strategy

Cap Rate

1.02%

Avg. Monthly Income

$2,987

Expenses

N/A

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Comparables

property

+ Revenue Estimate

$785,000

337 Owassa Drive

Arrowhead Lakes

4

4

2096sq.ft

Cap rate

0.30%

Occupancy rate

30.00%

property

+ Revenue Estimate

$200,000

433 Orono Drive

Arrowhead Lakes

3

1

2096sq.ft

Cap rate

10.81%

Occupancy rate

38.00%

property

+ Revenue Estimate

$390,000

3105 Tuskegee Drive

Arrowhead Lakes

3

2

2096sq.ft

Cap rate

3.96%

Occupancy rate

38.00%

property

+ Revenue Estimate

$343,000

108 Moccasin Trail

Arrowhead Lakes

4

2

2096sq.ft

Cap rate

4.85%

Occupancy rate

30.00%