63-201 Midlake Dr, Lake Harmony, PA, 18624 | $292/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Lake Harmony at 63-201 Midlake Dr, Lake Harmony, PA, 18624 listed at $395,000 pairs $2,880/mo rent with a $1,933/mo payment to leave $292/mo cash flow. Total monthly income runs $2,880/mo, and annual cash flow reaches $3,504/yr on $130,943 cash to close. Return on cash invested measures 22.58% in year one, and rental yield registers 8.75% at a $395,000 basis. Equity gained on principal adds $2,549/yr, and annual property appreciation at 5% supports $109,131 by year five. Five-year ROI tracks 117.66% and total cumulative return in cash totals $154,062. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,880/mo property income relative to a $1,933/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to your dream retreat at Big Boulder Lake!This incredibly beautiful two-bedroom condo in the most desirable Pocono Midlake community offers breathtaking panoramic views of the serene Big Boulder Lake and the majestic Big Boulder Ski Area. Situated directly on a picturesque 178-acre lake, this unique home provides the ultimate in lakefront living in the heart of the Poconos. Step inside and discover a recently remodeled interior designed for both luxury and comfort. The chef's kitchen features an induction burner stove and a thoughtfully redesigned shelving system with convenient pull-out drawers, making culinary endeavors a true pleasure. This condo boasts numerous updates throughout, including the entire kitchen, stylish accent walls, new flooring, fresh paint, a striking fireplace facade, updated bathroom vanities, and a luxurious walk-in shower in the master suite, plus so much more. The Midlake community enhances your lifestyle with a wealth of amenities. Enjoy summers by the large pool, complete with a kiddie pool and hot tub, all while savoring incredible views of the lake and the Midlake boat dock. As autumn arrives, the lake's shores come alive with vibrant, bursting fall foliage. Winter transforms the landscape into a skier's paradise, with views of Big Boulder Ski Area's slopes visible from your living room. Spring brings the delightful sight of fawns and ducklings amidst the picturesque Pocono mountains. Recent community upgrades further elevate the living experience, including a beautifully remodeled pool house, EV charging stations, upgraded entry gates, new roofs, refreshed walkways, and a scenic walking path encircling the property. This path also provides a short stroll to the Boulder Lake Club, where you'll find a sandy beach, a variety of watercraft available for rent, and the delightful Boulder View Tavern with its spectacular lake views and unforgettable sunsets. Conveniently located just 6 miles from the Pennsylvania Turnpike and 4 miles from Route 80, this condo offers easy access to everything the Pocono Mountains have to offer. Enjoy proximity to state parks, horseback riding, Pocono International Speedway, airports, casinos, and countless recreational opportunities. Come and experience the magic of the incredible Midlake community for yourself!

Neighborhood Data

Neighborhood data shown for ZIP Code: 18624, Lake Harmony, PA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,924 (100%)
Owner Occupied HU	288 (15.0%)
Renter Occupied HU	57 ( 3.0%)
Vacant Housing Units	1,579 (82.1%)
Median Home Value	$434,167
Average Home Value	$627,656