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Updated almost 4 years ago, 12/25/2020
Poconos - Lake Harmony STR Advice needed.
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