2344 Saranac AvePittsburghPA15216
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2344 Saranac Ave, Pittsburgh, PA, 15216 earns $262/mo cash flow from $1,637/mo rent with a $1,027/mo payment. Total monthly income totals $1,637/mo, and annual cash flow totals $3,143/yr on $69,582 capital. ROI tracks 24.43% on current figures, and rental yield reads 9.36% at a $209,900 purchase. Equity gained on principal adds $1,354/yr, and 5% annual appreciation supports $57,992 over five years. Five-year ROI reaches 127.53% and total cumulative return in cash sums $88,736. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,637/mo property income instead of your personal income.
Single Family
Built in 1929
3,301 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jenn Reddinger • COMPASS PENNSYLVANIA, LLC
Mls Name: WPMLS
Mls ID: #1731528