240 Martsolf AvePittsburghPA15229
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 240 Martsolf Ave, Pittsburgh, PA, 15229 in Pittsburgh deserves attention. This $131,250 property earns $2,015/mo in rent, a 18.42% gross yield, and nets $1,067/mo after the $590/mo payment. DSCR 3.42 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $36,262 compounds alongside $1,209/yr in yearly equity build, for a total cumulative return of $119,071.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 18.4% | 7.2% |
| Monthly Cash Flow | $1,067 | $450 |
City averages based on Pittsburgh market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,015 |
| Total Monthly Debt Service | $896 |
| DSCR Ratio | 2.25x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1927
3,598 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
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
Single Family
Built in 1927
3,598 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kathy Armstrong • KELLER WILLIAMS REALTY
Mls Name: WPMLS
Mls Provider:
Mls ID: #1695124
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.