3339 Lake RdConneautOH44030
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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 at 3339 Lake Rd, Conneaut, OH, 44030 offers a 4.92% rental yield on a $597,000 purchase with $2,449/mo rent. 03% in year one. Equity gained on principal adds $3,852/yr while 5% annual appreciation supports $164,940 over five years. Portfolio math shows five-year ROI at 55.73% and total cumulative return in cash at $109,458. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,449/mo property income against a $2,922/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
1.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44030, Conneaut, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,187 (100%) |
| Owner Occupied HU | 4,400 (61.2%) |
| Renter Occupied HU | 1,638 (22.8%) |
| Vacant Housing Units | 1,149 (16.0%) |
| Median Home Value | $157,345 |
| Average Home Value | $186,701 |
Housing Distribution
Address Breakdown
Residential
6,407
Single Family
6,163
Multi-Family
244
Businesses
362
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