609 Wallace AvePittsburghPA15221
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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 609 Wallace Ave, Pittsburgh, PA, 15221 offers $1,815/mo rent that, after a $856/mo payment, leaves $669/mo cash flow. Total monthly income is $1,815/mo, and annual cash flow is $8,027/yr on $57,979 cash. Return on cash invested measures 33.75% in year one, and rental yield stands at 12.45% at a $174,900 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,322 by year five. Five-year ROI records 177.56% and total cumulative return in cash reaches $102,948. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,815/mo property income versus a $856/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1950
5,612 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15221, Pittsburgh, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,935 (100%) |
| Owner Occupied HU | 7,139 (42.2%) |
| Renter Occupied HU | 7,515 (44.4%) |
| Vacant Housing Units | 2,281 (13.5%) |
| Median Home Value | $192,946 |
| Average Home Value | $248,690 |
Housing Distribution
Address Breakdown
Residential
15,750
Single Family
12,087
Multi-Family
3,663
Businesses
675
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Listed by: John Rettger • RE/MAX SELECT REALTY
Mls Name: WPMLS
Mls Provider:
Mls ID: #1648358
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.