626 Ridgemont DrPittsburghPA15220
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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
Investment property for sale in Pittsburgh at 626 Ridgemont Dr, Pittsburgh, PA, 15220 uses $57,979 cash to close to unlock $2,087/yr annual cash flow and $174/mo monthly cash flow. Total monthly income runs $1,320/mo, and a $856/mo payment keeps the spread at $174/mo. Purchase price stands at $174,900, and rental yield measures 9.06% with $1,320/mo rent. Return on cash invested shows 23.51% in year one, and 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 122.63% and total cumulative return in cash records $71,100. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,320/mo property income covering a $856/mo payment rather than investor’s personal income.
Single Family
Built in 1946
3,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15220, Pittsburgh, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,962 (100%) |
| Owner Occupied HU | 5,045 (56.3%) |
| Renter Occupied HU | 3,174 (35.4%) |
| Vacant Housing Units | 743 ( 8.3%) |
| Median Home Value | $243,750 |
| Average Home Value | $301,037 |
Housing Distribution
Address Breakdown
Residential
8,717
Single Family
5,942
Multi-Family
2,775
Businesses
861
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Listed by: James Deller • KELLER WILLIAMS REALTY
Mls Name: WPMLS
Mls ID: #1720343