11850 Morningshore DrConneaut 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 11850 Morningshore Dr, Conneaut Lake, PA, 16316 earns from $1,110/mo rent with a $4,841/mo payment. Total monthly income totals $1,110/mo. ROI tracks 0.25% on current figures, and rental yield reads 1.35% at a $989,000 purchase. Equity gained on principal adds $6,382/yr, and 5% annual appreciation supports $273,242 over five years. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,110/mo property income instead of your personal income.
Single Family
Built in 2005
0.43 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
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Listed by: Annette Hoover • ERA Richmond Real Estate Service
Mls Name: GEMLS
Mls ID: #188101