SFH 3BR/1 BA 1,320 Sq Ft Yielding 11% NET ROI
3 Bedroom/1 Bath Single Family Rental with located in the suburbs of Pitsburgh, PA. Class B neighborhood (Section 8). Beautiful renovated complete turn-key investment property with property management, insurance, title, escrow and tenant in place.
- New roof
- Newer furnace
- Updated electronics
- Freshly painted in 2014
- 1 year lease with 1 month security deposit
- Section 8 tenant with guaranteed rent
- Tenant already in place
Property yields a conservative 11% net cap rate which includes a monthly reserve for both maintenance and vacancy. This is a great property at a great location, it will move fast! Tenant pays all utilities. See image below for financial details.
- 2nd largest city in Pennsylvania
- Newly discovered natural resource of Oil and Gas called Marcellus Shale
- New hotel construction is booming downtown
- Commercial real estate booming
- House flipping in Pittsburgh is booming
- Top 25 Hidden Gem Single Family Rental Market – RealtyTrac
- Best & Worst Markets for Rental Returns – Pittsburgh ranks #8
- Home values have increased 8.4% over past year
About the Neighborhood
- Neighborhood average list price – $53,965
Inquire About this Deal by Filling the Form BelowFirst person to act has best chance of acquiring property. Priority will be given in the order received. Property is considered available until an earnest money deposit is received or purchase agreement is signed.
The estimated analysis are presented in good faith and in no way represent a commitment on the part of 52 Properties, or any affiliate thereof to provide the ROI described herein. The performance summary is meant only to outline, for the purpose of further discussion, and is no guarantee of future results. Lender fees may or may not apply. While 52 Properties takes all appropriate steps to ensure accuracy, we cannot accept responsibility for any discrepancies therein. Please conduct your own due diligence.