501 Grandview Ave #1001PittsburghPA15211
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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 501 Grandview Ave #1001, Pittsburgh, PA, 15211 generates $3,377/mo in rent, after a $2,936/mo payment. Total monthly income is $3,377/mo. Return on cash invested sits at 12.3% in year one, and rental yield is 6.76% on a $599,900 entry. Equity gained on principal adds $3,871/yr, while 5% annual appreciation builds toward $165,741 over five years. Five-year ROI reaches 64.11% and total cumulative return in cash sums $126,532. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,377/mo property income rather than buyer’s personal income.
Condo
Built in 2011
N/A lot
$N/A/sqft
$675 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15211, Pittsburgh, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,744 (100%) |
| Owner Occupied HU | 2,770 (41.1%) |
| Renter Occupied HU | 3,155 (46.8%) |
| Vacant Housing Units | 819 (12.1%) |
| Median Home Value | $247,928 |
| Average Home Value | $313,171 |
Housing Distribution
Address Breakdown
Residential
5,988
Single Family
4,920
Multi-Family
1,068
Businesses
162
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Listed by: Lori Hummel • HOWARD HANNA REAL ESTATE SERVICES
Mls Name: WPMLS
Mls Provider:
Mls ID: #1689488
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.