10363 Free RdConneaut 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
Rental property for sale in Conneaut Lake at 10363 Free Rd, Conneaut Lake, PA, 16316 generates $1,110/mo in rent and, after a $714/mo payment, leaves $154/mo in cash flow. Total monthly income is $1,110/mo, and annual cash flow is $1,849/yr on $48,366 invested. Return on cash invested sits at 23.73% in year one, and rental yield is 9.13% on a $145,900 entry. Equity gained on principal adds $941/yr, while 5% annual appreciation builds toward $40,309 over five years. Five-year ROI reaches 123.94% and total cumulative return in cash sums $59,943. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,110/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
3.73 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: David Gordon • ERA Richmond Real Estate Service
Mls Name: GEMLS
Mls ID: #187846