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40 MOUNTAINWOODS DRIVE

Lake Harmony, PA 18624

5

4

2,300 Sq.Ft.

Townhouse

$525,000

Year Built

2007

Price per sq.ft

$228

Spacious 5 Bedroom/3.5 bath townhome in Laurelwoods at Big Boulder. Income producing property in the Laurelwoods development in Big Boulder. The community offers a lifestyle with its amenities and ability to join the Lake Club for a more complete resort lifestyle. The home overlooks the community tennis courts & offers great views of the slopes at Big Boulder & is serviced by community water & sewer service. The community and Lake Harmony are very conducive to short term rentals. Main floor features Primary Bedroom Suite with full bath, powder room, living room, kitchen & dining room. The primary bedroom suite bath features a large soaking tub & shower stall. The upper level features a loft, 2 bedrooms & full bath in the hall. The finished walk out lower level offers a large family room, laundry closet, 2 bedrooms & full bath. Lake Harmony has several restaurants for casual and formal dining, activities at the Galleria in Split Rock is just down the road in Lake Harmony. Local attractions like Hickory Run State Park and historic Jim Thorpe are a short drive away. Golfing at Split Rock and Jack Frost are within minutes of the home. The location makes for a great home base for exploring the many tourist attractions in the Pocono Mountains or to just walk around the neighborhood and relaxing. Enjoy access to the Lake Club for an additional fee. Easy access to the NYC & Philadelphia Suburbs via I-80 and PA Turnpike NE extension. The Lake Club membership is a separate fee from the Annual HOA Fees.

Property Investment Potential

Short-term rental strategy

Optimal strategy

Cap Rate

6.26%

Avg. Monthly Income

$5,937

Expenses

$385

Long-term rental strategy

Cap Rate

2.18%

Avg. Monthly Income

$2,773

Expenses

$114

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