323 Hancock StPittsburghPA15219
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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 323 Hancock St, Pittsburgh, PA, 15219 priced at $115,000 converts $863/mo rent into $109/mo cash flow after a $563/mo obligation. Total monthly income equals $863/mo, and annual cash flow totals $1,311/yr on $38,123 invested. Return on cash invested prints 23.35% in year one, and rental yield reads 9.01% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 121.84% and total cumulative return in cash sums $46,449. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $863/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1895
1,424 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15219, Pittsburgh, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,699 (100%) |
| Owner Occupied HU | 1,502 (17.3%) |
| Renter Occupied HU | 5,856 (67.3%) |
| Vacant Housing Units | 1,341 (15.4%) |
| Median Home Value | $214,808 |
| Average Home Value | $294,680 |
Housing Distribution
Address Breakdown
Residential
7,414
Single Family
3,993
Multi-Family
3,421
Businesses
1,827
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Listed by: Christine Healy • RE/MAX REAL ESTATE SOLUTIONS
Mls Name: WPMLS
Mls ID: #1724126