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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 224 Meridan St, Pittsburgh, PA, 15211 at $349,900 posts ROI 21.92% with $195/mo cash flow from $2,488/mo rent. Total monthly income equals $2,488/mo, and annual cash flow records $2,337/yr on $115,992 to close. Return on cash invested measures 21.92% and rental yield reads 8.53% at the current $349,900. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,671 by year five. Five-year ROI prints 114.12% and total cumulative return in cash totals $132,366.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,488/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1910
4,434 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 15211, Pittsburgh, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,744 (100%) |
| Owner Occupied HU | 2,770 (41.1%) |
| Renter Occupied HU | 3,155 (46.8%) |
| Vacant Housing Units | 819 (12.1%) |
| Median Home Value | $247,928 |
| Average Home Value | $313,171 |
Housing Distribution
Address Breakdown
Residential
5,988
Single Family
4,920
Multi-Family
1,068
Businesses
162
Price History
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1910
- Architectural Style: N/A
- Building Area: N/A
- Living Area: N/A
- Property Condition: N/A
Features & Amenities
- Heating: N/A
- Cooling: N/A
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Off Street
Location
- City: N/A
- Subdivision: N/A
- Lot Size: 4,434 sqft
- Lot Features: N/A
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Sarah Madia • RE/MAX SELECT REALTY
Mls Name: WPMLS
Mls ID: #1729678