50 Lipp AvePittsburghPA15229
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 50 Lipp Ave, Pittsburgh, PA, 15229 offers $2,087/mo rent that, after a $1,223/mo payment, leaves $450/mo cash flow. Total monthly income is $2,087/mo, and annual cash flow is $5,395/yr on $82,842 cash. Return on cash invested measures 26.42% in year one, and rental yield stands at 10.02% at a $249,900 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,043 by year five. Five-year ROI records 138.27% and total cumulative return in cash reaches $114,542. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,087/mo property income versus a $1,223/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
5,800 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
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Listed by: Cynthia Herrmann • BERKSHIRE HATHAWAY THE PREFERRED REALTY
Mls Name: WPMLS
Mls ID: #1730251