570 High 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 570 High St, Conneaut Lake, PA, 16316 offers $1,462/mo rent that, after a $871/mo payment, leaves $296/mo cash flow. Total monthly income is $1,462/mo, and annual cash flow is $3,552/yr on $58,974 cash. Return on cash invested measures 25.93% in year one, and rental yield stands at 9.86% at a $177,900 entry. Equity gained on principal adds $1,148/yr while 5% annual appreciation compounds into $49,150 by year five. Five-year ROI records 135.61% and total cumulative return in cash reaches $79,973. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,462/mo property income versus a $871/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.49 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: Francesca Ferrara • CASTLE REALTY
Mls Name: WPMLS
Mls ID: #1735091