345 S 7th StConneaut 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
Rental property for sale in Conneaut Lake at 345 S 7th St, Conneaut Lake, PA, 16316 offers $1,669/mo rent that, after a $1,150/mo payment, leaves $128/mo cash flow. Total monthly income is $1,669/mo, and annual cash flow is $1,535/yr on $77,903 cash. Return on cash invested measures 21.88% in year one, and rental yield stands at 8.52% at a $235,000 entry. Equity gained on principal adds $1,516/yr while 5% annual appreciation compounds into $64,926 by year five. Five-year ROI records 113.87% and total cumulative return in cash reaches $88,708. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,669/mo property income versus a $1,150/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.39 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: Tracey Gregor • Howard Hanna BK Cochranton
Mls Name: GEMLS
Mls ID: #181546
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.