16 Fordham AvePittsburghPA15229
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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 Pittsburgh at 16 Fordham Ave, Pittsburgh, PA, 15229 priced at $369,000 pairs $2,230/mo rent with after a $1,806/mo payment. Total monthly income equals $2,230/mo. Return on cash invested is 18.07% in year one, and rental yield stands at 7.25% on a $369,000 basis. Equity gained on principal adds $2,381/yr, and 5% annual appreciation accumulates to $101,948 by year five. Five-year ROI measures 93.46% and total cumulative return in cash reaches $114,327. For financing, Ziffy Mortgage’s DSCR program evaluates $2,230/mo property income against a $1,806/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1910
9,478 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15229, Pittsburgh, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,152 (100%) |
| Owner Occupied HU | 4,792 (67.0%) |
| Renter Occupied HU | 1,919 (26.8%) |
| Vacant Housing Units | 441 ( 6.2%) |
| Median Home Value | $275,330 |
| Average Home Value | $312,525 |
Housing Distribution
Address Breakdown
Residential
6,730
Single Family
6,047
Multi-Family
683
Businesses
285
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Listed by: Jean Ou • KELLER WILLIAMS EXCLUSIVE
Mls Name: WPMLS
Mls Provider:
Mls ID: #1697439
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.