553 Sloop Rd APT 37PittsburghPA15237
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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 553 Sloop Rd APT 37, Pittsburgh, PA, 15237 generates $1,984/mo in rent and, after a $547/mo payment, leaves $736/mo in cash flow. Total monthly income is $1,984/mo, and annual cash flow is $8,827/yr on $37,029 invested. Return on cash invested sits at 43.75% in year one, and rental yield is 21.31% on a $111,700 entry. Equity gained on principal adds $721/yr, while 5% annual appreciation builds toward $30,861 over five years. Five-year ROI reaches 237.27% and total cumulative return in cash sums $87,857. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,984/mo property income rather than buyer’s personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
$451 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15237, Pittsburgh, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,238 (100%) |
| Owner Occupied HU | 14,656 (72.4%) |
| Renter Occupied HU | 4,205 (20.8%) |
| Vacant Housing Units | 1,377 ( 6.8%) |
| Median Home Value | $359,327 |
| Average Home Value | $398,779 |
Housing Distribution
Address Breakdown
Residential
19,655
Single Family
15,949
Multi-Family
3,706
Businesses
1,886
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Listed by: Nick Bova • BERKSHIRE HATHAWAY THE PREFERRED REALTY
Mls Name: WPMLS
Mls Provider:
Mls ID: #1722469
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.