9 Richland AvePittsburghPA15229
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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 9 Richland Ave, Pittsburgh, PA, 15229 uses $38,123 cash to close to unlock $1,863/yr annual cash flow and $155/mo monthly cash flow. Total monthly income runs $909/mo, and a $563/mo payment keeps the spread at $155/mo. Purchase price stands at $115,000, and rental yield measures 9.49% with $909/mo rent. Return on cash invested shows 24.8% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 129.65% and total cumulative return in cash records $49,425. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $909/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1928
4,399 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15229, Pittsburgh, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,152 (100%) |
| Owner Occupied HU | 4,792 (67.0%) |
| Renter Occupied HU | 1,919 (26.8%) |
| Vacant Housing Units | 441 ( 6.2%) |
| Median Home Value | $275,330 |
| Average Home Value | $312,525 |
Housing Distribution
Address Breakdown
Residential
6,730
Single Family
6,047
Multi-Family
683
Businesses
285
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Listed by: Erin Sekerak • COLDWELL BANKER REALTY
Mls Name: WPMLS
Mls Provider:
Mls ID: #1698980
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.