518 Nelbon Ave

Pittsburgh, PA 15235
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3 bd, 2 ba | 1,163 sqft | Built in 1951

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List Price
$88,900

Initial Investment

$24,755

Purchase Price

$88,000

Down Payment

25%

Rent

$1,100

Total Return

$33,991

Annualized Return

19.9%

Cap Rate

7.3%

Gross Yield

15%

Cash Flow

$873

Appreciation

6.1%
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Features

Occupancy

Unspecified

Lease Start

08/25/2018

Lease End

08/31/2019

Lot Size

6,000

HOA

None

Flood Risk

Not Required

  • Newly renovated property with more than $14.4K invested in new carpeting, flooring, paint, and appliances
  • Updated HVAC system with new and replaced condenser unit
  • Annual Home Warranty ($670) on property paid for through 8/2019 (see diligence vault)
  • Finished basement provides additional rental value
  • 10 minutes to downtown Pittsburgh

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$12,540

Expenses

-$3,783

Property Taxes

-$3,100

Loan Payments

-$4,784

Net Cash Flow

$873

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