1848 Ringwalt StPittsburghPA15216
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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 1848 Ringwalt St, Pittsburgh, PA, 15216 generates $1,541/mo in rent and, after a $661/mo payment, leaves $656/mo in cash flow. Total monthly income is $1,541/mo, and annual cash flow is $7,873/yr on $44,753 invested. Return on cash invested sits at 37.5% in year one, and rental yield is 13.7% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 197.78% and total cumulative return in cash sums $88,513. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,541/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
3,001 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15216, Pittsburgh, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,786 (100%) |
| Owner Occupied HU | 6,370 (54.0%) |
| Renter Occupied HU | 4,399 (37.3%) |
| Vacant Housing Units | 1,017 ( 8.6%) |
| Median Home Value | $237,724 |
| Average Home Value | $301,735 |
Housing Distribution
Address Breakdown
Residential
11,010
Single Family
9,225
Multi-Family
1,785
Businesses
529
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Listed by: Benjamin Clark • DESANTIS PROPERTY MANAGEMENT LLC
Mls Name: WPMLS
Mls ID: #1710122