601 Midway DrPittsburghPA15215
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
Investment property for sale in Pittsburgh at 601 Midway Dr, Pittsburgh, PA, 15215 offers a 11.39% rental yield on a $140,000 purchase with $1,329/mo rent. Total monthly income registers $1,329/mo, and a $685/mo payment leaves $412/mo available for distribution. Annual cash flow reaches $4,942/yr on $46,410 to close, and return on cash invested stands at 30.56% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,679 over five years. Portfolio math shows five-year ROI at 160.44% and total cumulative return in cash at $74,458. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,329/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1929
2,090 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15215, Pittsburgh, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,994 (100%) |
| Owner Occupied HU | 3,692 (61.6%) |
| Renter Occupied HU | 1,743 (29.1%) |
| Vacant Housing Units | 559 ( 9.3%) |
| Median Home Value | $390,296 |
| Average Home Value | $474,957 |
Housing Distribution
Address Breakdown
Residential
5,650
Single Family
5,095
Multi-Family
555
Businesses
446
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Listed by: Lynn Reno • TOWNE & COUNTRY REAL ESTATE AND APPRAISALS, LLC
Mls Name: WPMLS
Mls ID: #1729702