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Updated about 4 years ago on . Most recent reply

User Stats

6
Posts
5
Votes
Ajo George
  • Real Estate Investor
  • North Bergen, NJ
5
Votes |
6
Posts

Poconos - Lake Harmony STR Advice needed.

Ajo George
  • Real Estate Investor
  • North Bergen, NJ
Posted

Hi everyone. I'm thinking about investing in a STR house in Lake Harmony, PA. I have already identified a property. It's a 4 bedroom 2.5 bath house with its own pool. Sleeps upto 14. I have a few questions:

1. Occupancy rate. I know that summer and winter months are most popular. However, will i be able to rent out in the spring and fall months if my prices are reasonable? Any idea of occupancy rate potential? I want atleast 50% occupancy. Is that reasonable to expect.

2. Pricing: I plan to rent out in the summer months around 700-750 a night (the house has its own private pool). The house is close to Jack Frost and big boulder so I’m assuming I can rent for atleast 500 to 600 a night during the winter months. Is that assumption reasonable? How low would I have to price it to rent in spring/fall

Looking forward to hearing from the pros.

Thanks

Ajo

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