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423 Wagner Way

Pocono Lake, PA 18347

4

2

2,048 Sq.Ft.

Single Family Residential

$439,999

Year Built

1968

Price per sq.ft

$215

Turnkey, Fully Furnished Cottage in Prestigious Locust Lake Village. This sale includes everything - plus two extra adjacent lots (one on each side) for added privacy or the potential to combine them into a massive 1.2-acre property. All furniture, housewares, decorations, bed linens, and more are included, unless the buyer prefers it vacant. Enjoy the privacy, amenities, and proximity to the city, making it the perfect vacation getaway or Airbnb/VRBO investment. Located just a 3-minute walk from lakes with sandy beaches, tennis courts, a playground, and more! This cabin, designed with Scandinavian influences, is a true sanctuary in the Pocono Mountains, capturing the essence of a high-end summer camp with its rustic charm and timeless comfort. The open floor plan boasts a massive living and dining area in the heart of the home, connecting all four bedrooms and creating a cozy, communal atmosphere. Gather around the wood-burning fireplace, with seating for eight at the dining table, plus six more at the kitchen island. The kitchen features warm wood countertops and a white plank backsplash, perfectly blending cabin aesthetics with modern touches.

Property Investment Potential

Short-term rental strategy

Cap Rate

1.94%

Avg. Monthly Income

$2,740

Expenses

$318

Long-term rental strategy

Optimal strategy

Cap Rate

2.3%

Avg. Monthly Income

$2,241

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%