815-817 Drey St is a compelling candidate for a Buy-Rehab-Rent (BRR) strategy. Located in a dense, affordable pocket of Arnold, the property benefits from proximity to Roy A. Hunt Elementary (0.3 miles) and ongoing revitalization efforts in the surrounding New Kensington area.
Financial Snapshot
| | |
| :--- | :--- |
| Est. Post-Renovation Value | $112,000 – $124,000 |
| Projected Monthly Rent | $1,351 – $1,442 |
| Projected Gross Yield | ~14.3% |
Investors should note that Arnold's market can move slower than national averages, with many homes spending over 200 days on market. Success here relies on high-quality, durable updates—like fresh flooring and modernized kitchens—to differentiate the units from local inventory.
Prior to moving forward, verify the current occupancy status, existing lease terms for the two units, and local utility separation. Because this is an off-market asset without a current list price, your acquisition cost will be the primary driver of your long-term cash-on-cash return.