7097 Leach RdConneaut 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 7097 Leach Rd, Conneaut Lake, PA, 16316 earns from $1,398/mo rent with a $1,742/mo payment. Total monthly income totals $1,398/mo. ROI tracks 10.41% on current figures, and rental yield reads 4.71% at a $356,000 purchase. Equity gained on principal adds $2,297/yr, and 5% annual appreciation supports $98,356 over five years. Five-year ROI reaches 52.38% and total cumulative return in cash sums $61,814. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,398/mo property income instead of your personal income.
Manufactured
Built in 1997
20 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: David Schepner • Howard Hanna BK Conneaut Lake
Mls Name: GEMLS
Mls ID: #184460
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.