11694 Oakfield RdConneaut LakePA16316
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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
Investment Highlights
Investment property for sale in Conneaut Lake at 11694 Oakfield Rd, Conneaut Lake, PA, 16316 uses $57,979 cash to close to unlock $5,771/yr annual cash flow and $481/mo monthly cash flow. Total monthly income runs $1,627/mo, and a $856/mo payment keeps the spread at $481/mo. Purchase price stands at $174,900, and rental yield measures 11.16% with $1,627/mo rent. Return on cash invested shows 29.86% in year one, and 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 156.7% and total cumulative return in cash records $90,852. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,627/mo property income covering a $856/mo payment rather than investor’s personal income.
Single Family
Built in 1960
5,257 sqft 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
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Listed by: Thomas Martinac • Howard Hanna BK Conneaut Lake
Mls Name: GEMLS
Mls ID: #188220