1616 Myler StPittsburghPA15212
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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 1616 Myler St, Pittsburgh, PA, 15212 uses $63,482 cash to close to unlock $5,105/yr annual cash flow and $425/mo monthly cash flow. Total monthly income runs $1,680/mo, and a $937/mo payment keeps the spread at $425/mo. Purchase price stands at $191,500, and rental yield measures 10.53% with $1,680/mo rent. Return on cash invested shows 27.95% in year one, and 5% annual appreciation builds toward $52,908 over five years. Five-year ROI reaches 146.5% and total cumulative return in cash records $93,003. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,680/mo property income covering a $937/mo payment rather than investor’s personal income.
Single Family
Built in 1940
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15212, Pittsburgh, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,745 (100%) |
| Owner Occupied HU | 6,535 (41.5%) |
| Renter Occupied HU | 6,797 (43.2%) |
| Vacant Housing Units | 2,413 (15.3%) |
| Median Home Value | $212,884 |
| Average Home Value | $259,418 |
Housing Distribution
Address Breakdown
Residential
14,175
Single Family
10,909
Multi-Family
3,266
Businesses
889
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Listed by: Mark McClinchie • COMPASS PENNSYLVANIA, LLC
Mls Name: WPMLS
Mls ID: #1719677