638 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
Rental property for sale in Pittsburgh at 638 Ridgemont Dr, Pittsburgh, PA, 15220 generates $1,745/mo in rent and, after a $978/mo payment, leaves $436/mo in cash flow. Total monthly income is $1,745/mo, and annual cash flow is $5,226/yr on $66,267 invested. Return on cash invested sits at 27.8% in year one, and rental yield is 10.48% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 145.63% and total cumulative return in cash sums $96,505. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,745/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
4,072 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: Dan Haeck • COLDWELL BANKER REALTY
Mls Name: WPMLS
Mls Provider:
Mls ID: #1709209
Disclaimer: Listing 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.