645 Illinois 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
Investment property for sale in Pittsburgh at 645 Illinois Ave, Pittsburgh, PA, 15221 uses $33,150 cash to close to unlock $1,538/yr annual cash flow and $128/mo monthly cash flow. Total monthly income runs $783/mo, and a $489/mo payment keeps the spread at $128/mo. Purchase price stands at $100,000, and rental yield measures 9.4% with $783/mo rent. Return on cash invested shows 24.55% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 128.34% and total cumulative return in cash records $42,544. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $783/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1930
6,499 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: Lawrence Miller • EXIT REALTY SERVICES
Mls Name: WPMLS
Mls ID: #1735796