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358 Brier Crest Road

Blakeslee, PA 18610

2

1

2,096 Sq.Ft.

Single Family Residential

$229,000

Year Built

1978

Price per sq.ft

$109

Perfectly sized for a couple's retreat. With some tasteful updates this would be a surprisingly awesome rental, or would make a great getaway. Its just minutes to Big Boulder ski area and the community is surrounded by thousands of acres of state land. So if you like to hike theres waterfalls, a lake, sand beach, playground and a pavilion nearby. This home has an efficient wood burning insert that could keep this cabin warm and toasty all winter long. The deck off the bedroom provides a private and convenient place drink coffee while overlooking the fire pit area. The cabin has 4 closets, but for more storage space the detached garage is perfect. Over the last 9 months a duplicate house nearby earned $38,000 in short term rental income.

Property Investment Potential

Short-term rental strategy

Optimal strategy

Cap Rate

4.4%

Avg. Monthly Income

$2,243

Expenses

N/A

Long-term rental strategy

Cap Rate

3.83%

Avg. Monthly Income

$1,560

Expenses

N/A

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Comparables

property

+ Revenue Estimate

$387,900

123 Buck Hill Road

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2

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Cap rate

7.31%

Occupancy rate

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property

+ Revenue Estimate

$469,000

196 Elk Drive

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3

2096sq.ft

Cap rate

5.70%

Occupancy rate

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property

+ Revenue Estimate

$414,900

1509 Dove Court

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3

3

2096sq.ft

Cap rate

2.01%

Occupancy rate

33.00%

property

+ Revenue Estimate

$395,000

186 Brier Crest Road

Brier Crest Woods

3

2

2096sq.ft

Cap rate

2.24%

Occupancy rate

33.00%