1209 Bingay DrPittsburghPA15237
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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 1209 Bingay Dr, Pittsburgh, PA, 15237 uses $83,538 cash to close to unlock $4,393/yr annual cash flow and $366/mo monthly cash flow. Total monthly income runs $2,017/mo, and a $1,233/mo payment keeps the spread at $366/mo. Purchase price stands at $252,000, and rental yield measures 9.6% with $2,017/mo rent. Return on cash invested shows 25.17% in year one, and 5% annual appreciation builds toward $69,623 over five years. Five-year ROI reaches 131.58% and total cumulative return in cash records $109,922. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,017/mo property income covering a $1,233/mo payment rather than investor’s personal income.
Single Family
Built in 1949
8,982 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15237, Pittsburgh, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,238 (100%) |
| Owner Occupied HU | 14,656 (72.4%) |
| Renter Occupied HU | 4,205 (20.8%) |
| Vacant Housing Units | 1,377 ( 6.8%) |
| Median Home Value | $359,327 |
| Average Home Value | $398,779 |
Housing Distribution
Address Breakdown
Residential
19,655
Single Family
15,949
Multi-Family
3,706
Businesses
1,886
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Listed by: Aubre Stacknick • PIATT SOTHEBY'S INTERNATIONAL REALTY
Mls Name: WPMLS
Mls ID: #1715401