Updated about 2 years ago on . Most recent reply
Poconos Property Valuation
Hi,
We are looking to invest in the Poconos area, PA to purchase a STR. One of the properties is around $225K. After running this through a calculator - at 7% interest. The property seem to have <50% occupancy. At 15% down, the cash on cash is around -9%. Its clear that we will need to find a way to increase the occupancy rate, to be able to make profit. Question for the community: is this a good area & is anyone getting a good return on investment?