638 Park AvePittsburghPA15202
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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 638 Park Ave, Pittsburgh, PA, 15202 priced at $250,000 converts $1,286/mo rent into after a $1,224/mo obligation. Total monthly income equals $1,286/mo. Return on cash invested prints 13.39% in year one, and rental yield reads 6.17% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 68.89% and total cumulative return in cash sums $57,094. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,286/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Multi Family
Built in 1920
3,497 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15202, Pittsburgh, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,498 (100%) |
| Owner Occupied HU | 4,845 (46.2%) |
| Renter Occupied HU | 4,763 (45.4%) |
| Vacant Housing Units | 890 ( 8.5%) |
| Median Home Value | $245,407 |
| Average Home Value | $324,347 |
Housing Distribution
Address Breakdown
Residential
10,073
Single Family
7,342
Multi-Family
2,731
Businesses
485
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Listed by: Bryan Reilly • KELLER WILLIAMS REALTY
Mls Name: WPMLS
Mls Provider:
Mls ID: #1679175
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.