609 Essex CtPittsburghPA15238
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeMost investment properties struggle to clear the 1.25x DSCR minimum. 609 Essex Ct, Pittsburgh, PA, 15238 in Pittsburgh clears it at 1.63, a meaningful distinction for the Ziffy Mortgage DSCR approval process. Rental yield 8.8%. Strong coverage makes approval clean and leaves room for vacancy without breaching underwriting thresholds. Five-year appreciation: $137,726; $4,591/yr in principal equity; total projected return: $179,522.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 7.2% |
| Monthly Cash Flow | $(200) | $450 |
City averages based on Pittsburgh market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,654 |
| Total Monthly Debt Service | $3,655 |
| DSCR Ratio | 1.00x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1999
1,603 sqft lot
$N/A/sqft
$440 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15238, Pittsburgh, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,143 (100%) |
| Owner Occupied HU | 4,316 (70.3%) |
| Renter Occupied HU | 1,273 (20.7%) |
| Vacant Housing Units | 554 ( 9.0%) |
| Median Home Value | $533,359 |
| Average Home Value | $608,543 |
Housing Distribution
Address Breakdown
Residential
6,039
Single Family
5,389
Multi-Family
650
Businesses
953
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
Condo
Built in 1999
1,603 sqft lot
$N/A/sqft
$440 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15238, Pittsburgh, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,143 (100%) |
| Owner Occupied HU | 4,316 (70.3%) |
| Renter Occupied HU | 1,273 (20.7%) |
| Vacant Housing Units | 554 ( 9.0%) |
| Median Home Value | $533,359 |
| Average Home Value | $608,543 |
Housing Distribution
Address Breakdown
Residential
6,039
Single Family
5,389
Multi-Family
650
Businesses
953
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lauren Shepherd • HOWARD HANNA REAL ESTATE SERVICES
Mls Name: WPMLS
Mls Provider:
Mls ID: #1694860
Disclaimer: IDX 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.