12198 Weiland AveConneaut 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 12198 Weiland Ave, Conneaut Lake, PA, 16316 listed at $116,900 pairs $896/mo rent with a $572/mo payment to leave $130/mo cash flow. Total monthly income runs $896/mo, and annual cash flow reaches $1,562/yr on $38,752 cash to close. Return on cash invested measures 23.94% in year one, and rental yield registers 9.2% at a $116,900 basis. Equity gained on principal adds $754/yr, and annual property appreciation at 5% supports $32,297 by year five. Five-year ROI tracks 125.02% and total cumulative return in cash totals $48,450. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $896/mo property income relative to a $572/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1969
5,227 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: Samantha Blount • RE/MAX Lakeland Realty
Mls Name: GEMLS
Mls ID: #180271
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.