241 Watson BlvdPittsburghPA15214
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
Rental property for sale in Pittsburgh at 241 Watson Blvd, Pittsburgh, PA, 15214 offers $1,457/mo rent that, after a $905/mo payment, leaves $245/mo cash flow. Total monthly income is $1,457/mo, and annual cash flow is $2,943/yr on $61,328 cash. Return on cash invested measures 24.71% in year one, and rental yield stands at 9.45% at a $185,000 entry. Equity gained on principal adds $1,194/yr while 5% annual appreciation compounds into $51,112 by year five. Five-year ROI records 129.11% and total cumulative return in cash reaches $79,179. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,457/mo property income versus a $905/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1916
4,085 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15214, Pittsburgh, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,767 (100%) |
| Owner Occupied HU | 3,618 (53.5%) |
| Renter Occupied HU | 2,304 (34.0%) |
| Vacant Housing Units | 845 (12.5%) |
| Median Home Value | $220,257 |
| Average Home Value | $258,647 |
Housing Distribution
Address Breakdown
Residential
6,599
Single Family
6,175
Multi-Family
424
Businesses
98
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Listed by: Omolara Ajewole • COLDWELL BANKER REALTY
Mls Name: WPMLS
Mls ID: #1732121