115 Norrington DrPittsburghPA15236
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 115 Norrington Dr, Pittsburgh, PA, 15236 in Pittsburgh speaks for itself: 12.26% gross on a $193,500 price, generating $1,978/mo in rent and $625/mo in net income after the $870/mo debt service. DSCR 2.27, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $7,500 stacks alongside $53,460 in projected five-year appreciation and $1,782/yr in principal reduction. Projected total cumulative return: $114,324.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.3% | 7.2% |
| Monthly Cash Flow | $625 | $450 |
City averages based on Pittsburgh market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,978 |
| Total Monthly Debt Service | $1,276 |
| DSCR Ratio | 1.55x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1951
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15236, Pittsburgh, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,670 (100%) |
| Owner Occupied HU | 10,650 (72.6%) |
| Renter Occupied HU | 3,130 (21.3%) |
| Vacant Housing Units | 890 ( 6.1%) |
| Median Home Value | $246,896 |
| Average Home Value | $285,772 |
Housing Distribution
Address Breakdown
Residential
13,958
Single Family
12,264
Multi-Family
1,694
Businesses
994
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1951
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15236, Pittsburgh, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,670 (100%) |
| Owner Occupied HU | 10,650 (72.6%) |
| Renter Occupied HU | 3,130 (21.3%) |
| Vacant Housing Units | 890 ( 6.1%) |
| Median Home Value | $246,896 |
| Average Home Value | $285,772 |
Housing Distribution
Address Breakdown
Residential
13,958
Single Family
12,264
Multi-Family
1,694
Businesses
994
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lori Maffeo • BERKSHIRE HATHAWAY THE PREFERRED REALTY
Mls Name: WPMLS
Mls Provider:
Mls ID: #1704060
Disclaimer: Listing 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.