7269 Main 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
Investment property for sale in Conneaut Lake at 7269 Main St, Conneaut Lake, PA, 16316 with 5% annual appreciation on a $117,500 basis while $898/mo rent supports operations. Total monthly income totals $898/mo and a $575/mo payment preserves $128/mo for cash returns. Annual cash flow comes to $1,538/yr on $38,951 deployed, and return on cash invested reaches 23.86% in year one. Equity gained on principal adds $758/yr, and five-year appreciation sums $32,463 alongside rental yield of 9.17%. Five-year ROI measures 124.59% and total cumulative return in cash totals $48,530.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $898/mo property income versus a $575/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
0.57 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: Nick Novosel • Howard Hanna BK Meadville
Mls Name: GEMLS
Mls ID: #181764
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.