STR in Pocono PA

[Yakov Dancziger]

Hi everyone
I want some advice on the Pocono market. How is it going over there? Is the trend going up or down? I'm looking to purchase a five-bedroom home. Does anyone have experience with how much the annual revenue might be?

Thank you!

[NA McClure]

This market went through a large demand bubble in 2020-2023. Lots of new supply now with reduced demand. Still strong but lots of competition, so you need to research what works: good pics, seasonal pricing, amenities, etc. You’ll make most of your cash flow from half of May through Aug, lower in Sept, med/strong Oct. Winter holiday weekends are also strong. Everything else are the doldrums. All of that culminates to high 20% occupancy; up to mid-30s - if you are on water or if you are nearby skiing (<10min). Anything higher you need something different, $1mm+ property nicely done, riverfront or muffin baskets. A 5-bedroom will attract 2-family renters, so think about a bunk room. Property appreciation outlook not too exciting (could change), the other side of the river is a different story.