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81 Pineknoll Drive

Lake Harmony, PA 18624

5

3

2,820 Sq.Ft.

Single Family Residential

$665,000

Year Built

1982

Price per sq.ft

$236

Property is Under Contract & considering back-up offers only at this time. Welcome to 81 Pineknoll Dr, your perfect Pocono mountain retreat in the Lake Harmony Estates community. Tucked away on quiet, wooded block, you'll enjoy an easy stroll down to the community beach or relaxing days on your peaceful deck. This exceptional property is the perfect blend of space, comfort, & versatility, making it an ideal vacation home or a lucrative turnkey rental opportunity. Fully renovated, this home includes 5 beds, 3 FULL baths, a loft space that could serve as a 6th bedroom and over 2800+sqft. The 1st floor includes: a family/game room, laundry area, 2 beds (1 oversized) & 1 full bath. The 2nd floor includes: an open concept main area for the kitchen, living area & dining space, 3 beds, 1 full bathroom and a foyer entrance way. The 3rd floor includes the open loft space which can house multiple beds and 1 full bathroom. This beautiful A-frame was tastefully renovated to create a modern feel and maintain some of the Pocono charm! Some additional features to highlight: 2 gas fireplaces, knotty pine cathedral ceilings, spacious deck off the kitchen, backyard firepit area and some smart technology added. The Lake Harmony Estates Community is Short Term Rental friendly and provides additional amenities that you and your guests can utilize. The choice is yours, enjoy this home for yourself or use it as an investment opportunity! Don't miss your chance to own a piece of the Pocono Mountain Life in this prime location!

Property Investment Potential

Short-term rental strategy

Optimal strategy

Cap Rate

5.19%

Avg. Monthly Income

$5,800

Expenses

$382

Long-term rental strategy

Cap Rate

2.43%

Avg. Monthly Income

$2,945

Expenses

$116

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Comparables

property

+ Revenue Estimate

$429,000

47 Lupine Drive

Lake Harmony Estates

3

2

1300sq.ft

Cap rate

2.66%

Occupancy rate

39.00%

property

+ Revenue Estimate

$495,000

15 Skye Drive

Lake Harmony Estates

4

3

1856sq.ft

Cap rate

3.29%

Occupancy rate

37.00%

property

+ Revenue Estimate

$789,000

32 Birch Street

Lake Harmony Estates

5

4

2800sq.ft

Cap rate

3.54%

Occupancy rate

39.00%

property

+ Revenue Estimate

$399,000

115 Pineknoll Drive

Lake Harmony Estates

3

2

1302sq.ft

Cap rate

3.05%

Occupancy rate

39.00%