Buy & Hold Overview:
Current:
- Gross Rents: $26,400
- Annual NOI: $15,595.44
- Cap Rate: 9.3%
- Cash on Cash Return: 12.77%
- ARV (After Repair Value): $215,424
- Repair Estimate: 7,250
- Equity After Stabilized: 13.08%
Photos Link:
Highlights:
- Stable, long term tenant
- Pocono Region
- Strong rental market
- Top line rents for the area
Repair Estimate:
Total Estimated Repair Range: $6,000-$8,500 (no immediate repairs needed)
Click Here for Repair Estimate
Current & Estimated Rental Analysis:
https://docs.google.com/spreadsheets/d/1cFY8Jnifnl–qJW4haso10vxAquVqTvDiG2nxzPi_LA/edit?usp=sharing
Utilities:
- Heat: Tenant paid
- Electric: Tenant paid
- Water/Sewer: Tenant pays water, landlord pays sewer
- Trash: Tenant paid
- Wifi: Tenant paid
Property Details:
- Beds: 3
- Baths: 1
- Square Footage: 1,056
- Lot Size: 0.37A
- Year Built: 1982
- Zoning: R-3 Residential
- Stories: 1
- Heat: Central/Electric baseboard, good condition
- Electric: Updated/romex/circuit breakers
- Plumbing: Pex/copper
- Water: Public
- Sewer: Public
- Roof: Age estimated at mid-life. No leaks currently
- Foundation: Block
- Windows: Vinyl
- Water Heater: Electric, newer
- Garage: Attached, 1 car
- Features: Rear deck, large yard
- Flooring: LVT
- Flood Zone: No
- Mold Noted: No
- Water Damage: No
- Water in Basement: None
- Taxes: $3,222.00
Comparable Sales/CMA:
*we recommend any potential investor do their own due diligence and use these as a point of reference only
ARV (After Repair Value) Comps:
https://www.zillow.com/homedetails/138-Edward-Smith-Blvd-East-Stroudsburg-PA-18302/9816281_zpid/
3 bed, 1 bath, 969 sqft, .27acre lot, .1 miles from subject property
Sold for 235K on 5/21/24, PPSF (Price Per Square Foot): $242, DOM (days on market): 70 days
_______________
https://www.zillow.com/homedetails/2214-June-Rd-East-Stroudsburg-PA-18302/9815747_zpid/
2 bed, 1 bath, 1008 sqft, .34 acre lot, .6 miles from subject property
Sold for $182,500 on 8/30/24, PPSF (Price Per Square Foot): $184, DOM (days on market): 58 days
_______________
https://www.zillow.com/homedetails/2520-McEwan-Blvd-East-Stroudsburg-PA-18302/9816222_zpid/
3 bed, 2 bath, 1144 sqft, .27 acre lot, .6 miles from subject property
Sold for $214,000 on 5/25/2025, PPSF (Price Per Square Foot): $187, DOM (days on market): 37 days
ARV (After Repair Value) Estimate:
Average PPSF: $204
Subject Property Sqft: 1,056
ARV Estimate:$204x 1,056= 215,424
Estimated Market Rents:
Rent-o-Meter: Rentometer: Average rent near 5066 Pine Ridge Rd, East Stroudsburg, PA 18302 [3-bedroom]
- Average Rents:
- 3 bed, 1 bath: $1,775
- Average Rents:
- 3 bed, 1 bath: $2450
Fair Market Rent:
FY 2025 Fair Market Rent Documentation System — Calculation for East Stroudsburg, PA MSA
- Average Rents:
- 3 Bed: 2,043
Town Overview:
East Stroudsburg is a peaceful and friendly neighborhood in the USA, known for its convenient location and community spirit. Nextdoor Neighbors love the area for its dog-friendly parks and nearby hiking trails, making it a nice place for outdoor enthusiasts.
- Economic/Jobs: Several industries such as biopharmaceutical, warehousing, manufacturing, and careers in education are available in this area.
- Education: E. Stroudsburg school system has 6,330 students in grades K-12 with a student-teacher ratio of 14 to 1.
- Lifestyle & Amenities: E. Stroudsburg is home to the famous Delaware Water Gap National Recreation Area that offers a variety of activities like hiking, canoeing, kayaking, and much more. Located centrally to restaurants, schools, hopping, and major highways.
- Transport Links: Click Here
For more details on East Stroudsburg’s attractions and local resources, visit:
Contact Us to Schedule a Walkthrough:
The Melito & Koch Team
- Team Line: 814-201-6172
- Office Line: 610-398-9802
- Email: max@melitoandkoch.com
- Website: melitoandkoch.com
- Facebook: The Melito & Koch Team
Disclosures:
- ORAL CONSUMER NOTICE:
- The Real Estate Law requires that I provide you with a written notice that describes the various business relationship choices that you may have with a real estate licensee. Since we are discussing real estate without you having the benefit of the consumer notice, I have the duty to advise you that any information you give me at this time is not considered to be confidential, and any information you give me will not be considered confidential unless and until you and I enter into a business relationship. At our first meeting I will provide you with a written consumer notice which explains those business relationships and my corresponding duties to you.
- HOLD HARMLESS ACKNOWLEDGEMENT:
- The information contained in this email, including attachments, is confidential and may be legally privileged. It is intended solely for the use of the individual or entity to whom it is addressed. If you are not the intended recipient, please notify the sender immediately and delete this email. Real estate investment carries inherent risk, and this email does not constitute legal or financial advice. While I strive to provide accurate and up-to-date information, I make no warranties regarding the correctness of the data or the viability of the investment strategies discussed. By using the information provided, you agree to hold harmless The Morrow Wargo Group, Realty ONE Group Supreme, or any other entity related to our relationship- for any reliance on the content of this correspondence. Investment decisions should be made based on your own due diligence and consultation with financial and legal advisors. As a real estate agent, I provide services to assist in purchasing properties and analyzing data; however, the ultimate responsibility for investment decisions lies with the investor.
- DUE DILIGENCE:
- This deal must be analyzed individually. Investment returns are not guaranteed. All investors should conduct their due diligence. The Melito & Koch Team, Realty ONE Group Supreme, and associated parties are not liable for any inaccuracies or reliance on this information.
- This deal must be analyzed individually. Investment returns are not guaranteed. All investors should conduct their due diligence. The Melito & Koch Team, Realty ONE Group Supreme, and associated parties are not liable for any inaccuracies or reliance on this information.