7 Spring Street ExtPittsburghPA15223
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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 7 Spring Street Ext, Pittsburgh, PA, 15223 with 5% annual appreciation on a $175,000 basis while $1,365/mo rent supports operations. Total monthly income totals $1,365/mo and a $857/mo payment preserves $218/mo for cash returns. Annual cash flow comes to $2,613/yr on $58,013 deployed, and return on cash invested reaches 24.41% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,349 alongside rental yield of 9.36%. Five-year ROI measures 127.47% and total cumulative return in cash totals $73,951.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,365/mo property income versus a $857/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1932
6,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15223, Pittsburgh, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,763 (100%) |
| Owner Occupied HU | 2,278 (60.5%) |
| Renter Occupied HU | 1,106 (29.4%) |
| Vacant Housing Units | 379 (10.1%) |
| Median Home Value | $220,431 |
| Average Home Value | $256,923 |
Housing Distribution
Address Breakdown
Residential
3,463
Single Family
3,235
Multi-Family
228
Businesses
268
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Listed by: Tina Nobers • JANUS REALTY ADVISORS
Mls Name: WPMLS
Mls Provider:
Mls ID: #1702604
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.