1160 Bower Hill Rd #PENTHOUSE 16BPittsburghPA15243
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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 Pittsburgh at 1160 Bower Hill Rd #PENTHOUSE 16B, Pittsburgh, PA, 15243 offers a 9.47% rental yield on a $189,000 purchase with $1,492/mo rent. Total monthly income registers $1,492/mo, and a $925/mo payment leaves $254/mo available for distribution. Annual cash flow reaches $3,043/yr on $62,654 to close, and return on cash invested stands at 24.77% in year one. Equity gained on principal adds $1,220/yr while 5% annual appreciation supports $52,217 over five years. Portfolio math shows five-year ROI at 129.38% and total cumulative return in cash at $81,058. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,492/mo property income against a $925/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1971
16.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15243, Pittsburgh, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,175 (100%) |
| Owner Occupied HU | 4,799 (77.7%) |
| Renter Occupied HU | 1,006 (16.3%) |
| Vacant Housing Units | 370 ( 6.0%) |
| Median Home Value | $343,526 |
| Average Home Value | $395,977 |
Housing Distribution
Address Breakdown
Residential
5,929
Single Family
4,894
Multi-Family
1,035
Businesses
142
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Listed by: Mary Torchia • COLDWELL BANKER REALTY
Mls Name: WPMLS
Mls ID: #1719862