Smart-wealth-generation
Buy to let property investment in Pittsburgh, PA
Yields up to 22% pa
412 North 4th St, Clairton, 15025, PA
Your Investment in
USD $44,500
Gross Monthly Income
USD $800
Property Rental Yield
21.57%
Your Estimated Profit
USD $97,781
 
At a glance:
Property Type icon Property Type:
3 Beds SF House
Price At Peak icon Price At Peak:
$48000
Estimated Value icon Estimated Value:
$81393
Property Rental Yield icon Property Rental Yield:
21.57%
Gross Monthly Income icon Gross Monthly Income:
$800
Operating Expenses icon Operating Expenses:
10%
Net Monthly Income icon Net Monthly Income:
$679

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Rental market analysis
Neighbourhood overview
Condition report
Income/cash flow statements
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This 3 bed house has great curb appeal and offers a sustainable net income of $679 USD monthly after property management and local taxes, which equates to 18.31% net yield. And can be increased if the garages are also rented. And according to REALTOR.COM as of 22/11/2016, this property has an estimated after repair value of $81,393. http://www.realtor.com/realestateandhomes-detail/412-N-4th-St_Clairton_PA_15025_M40757-45451

At the moment the property requires some significant updates - (which we undertake to complete before an investor takes ownership) to pass an inspection for an occupancy certificate. The main expense however is replacing the furnace/boiler. Although it is still working at the moment, Brian - our man on the ground - has advised we get this replaced. Costs for this vary from $6,000-$10,000 USD. Electrical and plumbing updates are required throughout the property. And as can be seen from the pictures, the kitchen units and flooring need to be completely replaced.

Other works required include the gutters, selected window and door replacements together with a complete repaint of the property and carpeting throughout. The estimated time to complete all the works is one month. However the property can be advertised and shown to prospective tenants whilst work is in progress. 

The demand for rental property is this area is quite strong which is demonstrated by the low vacancy rates of 3%. So it is not unreasonable to have tenants staying in the property for 2-5 years. Maybe even longer providing they are well treated as tenants. 

We won't say this is one of those deals that rarely come along or a once in a lifetime opportunity because it's not.Good deal are like buses - there's always another one shortly behind. But it is a a great deal in terms of curb appeal and certainly the prospect of having tenants for upto five years makes this a great addition to any portfolio. 

  • Property Evaluation
  • Stats
  • Acquisition Costs
  • Income Forecast
  • Cashflow Forecast
  • Your Risks With This Deal
  • Your Investment Returns
  • Compare Against Other Deals
  • Assumptions

General Property Overview

This 3 bed house has great curb appeal and offers a sustainable net income of $679 USD monthly after property management and local taxes, which equates to 18.31% net yield. And can be increased if the garages are also rented. And according to REALTOR.COM as of 22/11/2016, this property has an estimated after repair value of $81,393. http://www.realtor.com/realestateandhomes-detail/412-N-4th-St_Clairton_PA_15025_M40757-45451

At the moment the property requires some significant updates - (which we undertake to complete before an investor takes ownership) to pass an inspection for an occupancy certificate. The main expense however is replacing the furnace/boiler. Although it is still working at the moment, Brian - our man on the ground - has advised we get this replaced. Costs for this vary from $6,000-$10,000 USD. Electrical and plumbing updates are required throughout the property. And as can be seen from the pictures, the kitchen units and flooring need to be completely replaced.

Other works required include the gutters, selected window and door replacements together with a complete repaint of the property and carpeting throughout. The estimated time to complete all the works is one month. However the property can be advertised and shown to prospective tenants whilst work is in progress. 

The demand for rental property is this area is quite strong which is demonstrated by the low vacancy rates of 3%. So it is not unreasonable to have tenants staying in the property for 2-5 years. Maybe even longer providing they are well treated as tenants. 

We won't say this is one of those deals that rarely come along or a once in a lifetime opportunity because it's not.Good deal are like buses - there's always another one shortly behind. But it is a a great deal in terms of curb appeal and certainly the prospect of having tenants for upto five years makes this a great addition to any portfolio. 


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    Demographics

    Relationship Status
    Homes with Kids
    Age Distribution
    Commute Time

    Home Statistics

    Home Types
    Owners vs. Renters
    Home Size in Sq.ft.
    Year Built

    Acquisition Costs

    Item USD GBP EUR
    Cost of investment $44,500 £34,192 €39,464
    Total $44,500 £34,192 €39,464

    Property Evaluation

    Risk-ometer
    15%
    Low risk
    Profit-ometer
    80%
    Very high returns
    Exit-ometer
    70%
    Good
    Liquid-ometer
    45%
    Average
    Overall Deal-ometer
    70%
    Good

    Forecast income from this property

    The Forecast Income Statement forecasts the rental income you will receive each year. Assumptions can be edited to reflect opinions you have about the market which will also change the Cash Flow and Investment Return tables.


    Forecast income statement

    Forecast cashflow from this property

    Your Cash Flow Statement calculates the different ratios for simple comparative analysis. Any Assumptions you edit in the Forecast Income Statement will recalculate the information.

    Forecast cashflow statement

    What are your risks in this deal?

    Whatever your investment profile this section helps you to evaluate the different risk factors inherent in property investment. And scores each risk category to help you decide the value of the risks you face.
    Property-specific risk
    1%
    Risk Neutral
    Regulatory risk
    1%
    Risk Neutral
    Exit Risk
    77%
    Danger Zone
    Price Risk
    14%
    Risk Neutral
    Maturity Risk
    50%
    Relatively High Risk
    Liquidity Risk
    20%
    Low Risk
    Market Risk
    65%
    Relatively High Risk
    Macro-economic Risk
    53%
    Low Risk
    LT Investment Risk
    28%
    Low Risk
    Total Short-Run Risk
    33%
    Medium risk

    Risk Menu

      Property-specific risk score on this deal is 0%

      Risk analysis date: 23rd November, 2017
      Your Property-specific risk on this deal barometer is 0.00
      Risk Neutral
      Relatively High Risk
      Index Scored Score
      Bedroom count against average in ZIP code 0%  
      Bathroom count against average in ZIP code 0%  
      Additional attachments 0%  
      Age of property 0%  

      Your Property-specific risk risk on this property is Risk Neutral

      This Risk Neutral factor is highly unlikely to influence the overall risk position of the deal. And is a positive toward your overall consideration of the deal. However, this does not mean the deal is profit winner. All other Risk factors must be considered together in order to arrive at an intelligent and informed decision that is consistent with your objectives.
      Total Short-run risks analysis score is 33%
      Very low risk
      Higher risk

      Your Investment Returns

      This section demonstrates the NPV and IRR levels against each possible year of exit for the investor. This helps you to determine, based on your personal cash flows, what would be the best time for you to exit the property using the capitalization ratio at the point of purchase.
      MIRR and NPV Profile of Property by Exit Year

      Compare against other deals

      Holding all other financial assumptions constant, this section compares the NPV of similar properties against the deal. Whilst a host of other risk factors must be taken into consideration, including the volatility of returns, this is a broad indicator that helps you to determine whether the deal’s NPV is comparable with similar deals. Is it way above the rest or unusually low? Have a look and know for sure that this is the right deal for you.

           

      Underlying assumptions

           
      FAQs about this property and area

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