2316 Patterson StPittsburghPA15203
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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 2316 Patterson St, Pittsburgh, PA, 15203 generates $1,900/mo in rent and, after a $954/mo payment, leaves $623/mo in cash flow. Total monthly income is $1,900/mo, and annual cash flow is $7,471/yr on $64,643 invested. Return on cash invested sits at 31.47% in year one, and rental yield is 11.69% on a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 165.31% and total cumulative return in cash sums $106,858. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,900/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
1,598 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15203, Pittsburgh, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,661 (100%) |
| Owner Occupied HU | 1,962 (25.6%) |
| Renter Occupied HU | 4,378 (57.1%) |
| Vacant Housing Units | 1,321 (17.2%) |
| Median Home Value | $340,796 |
| Average Home Value | $358,338 |
Housing Distribution
Address Breakdown
Residential
6,424
Single Family
4,850
Multi-Family
1,574
Businesses
797
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Listed by: Matthew DiDiano • BERKSHIRE HATHAWAY THE PREFERRED REALTY
Mls Name: WPMLS
Mls Provider:
Mls ID: #1713695
Disclaimer: Listing 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.