9178 S Canal RdConneaut LakePA16316
Nearby investment properties with comparable rents
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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 9178 S Canal Rd, Conneaut Lake, PA, 16316 generates $3,098/mo in rent and, after a $2,198/mo payment, leaves $155/mo in cash flow. Total monthly income is $3,098/mo, and annual cash flow is $1,865/yr on $148,844 invested. Return on cash invested sits at 21.16% in year one, and rental yield is 8.28% on a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 110.05% and total cumulative return in cash sums $163,804. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,098/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A 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: Josh Ongley • WHITETAIL PROPERTIES REAL ESTATE LLC (PA)
Mls Name: My State MLS
Mls ID: #11537215