10306 State Highway 285Conneaut LakePA16316
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment Highlights
Investment property for sale in Conneaut Lake at 10306 State Highway 285, Conneaut Lake, PA, 16316 uses $56,289 cash to close to unlock $4,649/yr annual cash flow and $387/mo monthly cash flow. Total monthly income runs $1,500/mo, and a $831/mo payment keeps the spread at $387/mo. Purchase price stands at $169,800, and rental yield measures 10.6% with $1,500/mo rent. Return on cash invested shows 28.17% in year one, and 5% annual appreciation builds toward $46,913 over five years. Five-year ROI reaches 147.64% and total cumulative return in cash records $83,106. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,500/mo property income covering a $831/mo payment rather than investor’s personal income.
Single Family
Built in 1940
2.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16316, Conneaut Lake, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,709 (100%) |
| Owner Occupied HU | 1,934 (52.1%) |
| Renter Occupied HU | 544 (14.7%) |
| Vacant Housing Units | 1,231 (33.2%) |
| Median Home Value | $226,471 |
| Average Home Value | $277,452 |
Housing Distribution
Address Breakdown
Residential
2,396
Single Family
2,371
Multi-Family
25
Businesses
194
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Annette Hoover • ERA Richmond Real Estate Service
Mls Name: GEMLS
Mls ID: #182273
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.