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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
Rental property for sale in Pittsburgh at 29 N Park Rd, Pittsburgh, PA, 15229 generates $4,916/mo in rent and, after a $1,835/mo payment, leaves $2,459/mo in cash flow. Total monthly income is $4,916/mo, and annual cash flow is $29,509/yr on $124,313 invested. Return on cash invested sits at 43.65% in year one, and rental yield is 15.73% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 230.63% and total cumulative return in cash sums $286,707. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,916/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
0.65 Acres lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2024-09-04 | Listed for sale | $375,000 |
| 2014-06-20 | Sold | $172,000 |
| 2014-06-12 | Pending sale | $170,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-14 | $3887.35 | 549.68% | $126,500 | N/A |
| 2023-09-14 | $598.35 | 0.00% | $126,500 | N/A |
| 2022-09-14 | $598.34 | N/A | $126,500 | N/A |
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: 1955
- Architectural Style: Cape Cod
- Building Area: 1,760
- Living Area: 1,760 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Natural Gas, Forced Air
- Cooling: Central Air
- Flooring: Ceramic Tile, Hardwood, Other
- Interior Features: Kitchen Island
- Exterior Features: N/A
- Parking Features: Attached, Garage Door Opener
Location
- City: Pittsburgh
- Subdivision: N/A
- Lot Size: 0.65 Acres
- 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: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Ned Bruns • RE/MAX SELECT REALTY
Mls Name: WPMLS
Mls Provider:
Mls ID: #1669962
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.