429 Nelbon Ave
Pittsburgh, PA 15235
List Price
$79,000
Initial Investment
$21,528Purchase Price
$79,000
Down Payment
25%
Rent
$1,000
Total Return
$29,800
Annualized Return
19.7%
Cap Rate
7.0%
Gross Yield
15.2%
Cash Flow
$518
Appreciation
6.1%
Reset to DefaultEdit Assumptions
Features
Occupancy
Move-in (within 30 days)
Lease Start
03/30/2019
Lease End
03/31/2020
Lot Size
6,380
HOA
None
Flood Risk
Not Required
- An affiliate of Roofstock is the seller of this home, which has been professionally acquired, renovated, and leased (if stated) to meet our certification requirements
- As of 2/26, approved tenant application at $1,050 per month and $2,000 security deposit
- Attractive 15% Gross Yield, 8.3% Annualized Return, and 6.8%+ cap rate for a home in a 3-star neighborhood
- 3-bed 1.5-bath 1,100 sq ft single-family home near above-average elementary school
- The house is conveniently located: only 20 minutes away from all the dining and entertaining options in downtown Pittsburgh
- With over $15,000 in renovation invested, this home features wood-like flooring throughout the house and modern kitchen appliances
- Asking for $79,000, with an estimate value of up to $83,000
See more in Analysis
Annual Financial Highlights
Expected Rent
$11,400Expenses
-$3,487Property Taxes
-$3,100Loan Payments
-$4,295Net Cash Flow
$518See more in Financials
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