730 Water 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 730 Water St, Conneaut Lake, PA, 16316 uses $59,339 cash to close to unlock $4,658/yr annual cash flow and $388/mo monthly cash flow. Total monthly income runs $1,561/mo, and a $876/mo payment keeps the spread at $388/mo. Purchase price stands at $179,000, and rental yield measures 10.46% with $1,561/mo rent. Return on cash invested shows 27.76% in year one, and 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 145.49% and total cumulative return in cash records $86,331. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,561/mo property income covering a $876/mo payment rather than investor’s personal income.
Single Family
Built in 1940
8,049 sqft 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: Kate Spiegel • RE/MAX Real Estate Group Erie
Mls Name: GEMLS
Mls ID: #178169
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.