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557 Lakeside Drive

East Stroudsburg, PA 18301

4

3

2,072 Sq.Ft.

Single Family Residential

$550,000

Year Built

1984

Price per sq.ft

$265

Own your own LAKEFRONT GETAWAY!! This fully-furnished 4 bedroom 3 bath home with sauna is just what you need to escape everyday life. Gather for a cookout on the spacious deck overlooking the largest lake in the community. Take the kayaks & peddle boat for a cruise. On colder days you can build a fire in the fireplace, have fun in the game area, or sit in the toasty sauna. This amenity filled community offers outdoor pools, tennis & basketball courts, playground, baseball diamond, & dog park! Just a short drive to Camelback Ski Resort, the Tannersville Outlets, Shawnee Ski Mountain, & Big Pocono State Park. Located 80 miles from NYC.

Property Investment Potential

Short-term rental strategy

Cap Rate

3.12%

Avg. Monthly Income

$3,983

Expenses

N/A

Long-term rental strategy

Optimal strategy

Cap Rate

3.56%

Avg. Monthly Income

$3,353

Expenses

N/A

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Comparables

property

+ Revenue Estimate

$550,000

557 Lakeside Drive

Penn Estates

4

3

2072sq.ft

Cap rate

3.12%

Occupancy rate

45.00%

property

+ Revenue Estimate

$418,900

1905 Exeter Terrace

Penn Estates

5

3

2572sq.ft

Cap rate

9.94%

Occupancy rate

39.00%

property

+ Revenue Estimate

$330,000

214 Mercedes Court

Penn Estates

4

2

1536sq.ft

Cap rate

7.60%

Occupancy rate

45.00%

property

+ Revenue Estimate

$479,900

3156 Greenbriar Drive

Penn Estates

4

3

3456sq.ft

Cap rate

4.31%

Occupancy rate

45.00%