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$615,000

For Sale - Active
201 Vernon Dr, Pittsburgh, PA 15228
5 Beds
5 Baths
0 Square Feet
0.00 Acres Lot
Built in 1948
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jul 11, 2025 at 06:30PM

Investment Summary


Monthly Cash Flow
-$1,461
Cap Rate
2.8%
Cash-on-Cash Return
-12.4%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-8.0%

Property Description


0.00 Acres Lot
Built in 1948
For Sale - Active
Units n/a

201 Vernon is calling your name- larger than it looks! The property features 5 bedrooms, 3 full baths, 2 half baths coupled with hardwood floors throughout. Ample space and a large finished basement are ready for you to customize. Home has been well maintained and features professional landscaping. This home also offers a rare opportunity to personalize and create your dream space in the desirable area of Mt. Lebanon. Conveniently located to the local elementary school. This home is an invitation to transform and update a classic charmer. Whether you want to restore the original beauty or create something entirely new, the potential is limitless that can add incredible value for the next owner. Boasting strong bones (JR Beam construction), mechanically updated, newer concrete driveway coupled with timeless character, this home is ready for the next chapter to unlock its full potential.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Garage Door Opener
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 5.0

Interior Features

  • # of Rooms: 12
  • # of Stories: 3
  • Basement: Yes
  • Basement Description: Finished, Walk-Out Access
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick
  • Roof Material: Slate

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 193G278
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Colonial, Three Story
  • Year Built: 1948

Tax Information

  • Annual Tax: $9,109

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

Location

  • County: Allegheny

Listing Details


Listed by:
James Donahoe
COLDWELL BANKER REALTY
(412) 833-5405

Source:
West Penn MultiList
MLS#: 1694863
West Penn MultiList

Investment Summary


Monthly Cash Flow
-$1,461
Cap Rate
2.8%
Cash-on-Cash Return
-12.4%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-8.0%

Purchase Details

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Purchase price:
$615,000
Amount financed:
-$492,000
Down payment:
$123,000
Closing costs:
$18,450
Rehab costs:
$0
Initial cash invested:
$141,450
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$492,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,910
Property tax:
$759
Insurance:
$224
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,893

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,200 $38,400
Vacancy loss: (6%)
6% -$192 -$2,304
Operating income:
$3,008 $36,096

Operating Expenses


% Rent Monthly Yearly
Property taxes: (24%)
24%-$759-$9,109
Insurance: (7%)
7%-$224-$2,688
Property management: (8%)
8%-$256-$3,072
Repairs & maintenance: (5%)
5%-$160-$1,920
Capital expenditures: (5%)
5%-$160-$1,920
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (49%)
49%-$1,559-$18,709

Cash Flow


Monthly Yearly
Net operating income:
$1,449 $17,388
Mortgage payments:
-$2,910 -$34,920
Cash flow:
$1,461 $17,532