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North Hills

Investing in Mars Boro

A Pittsburgh investor's snapshot of Mars Boro — typical rents, rent-to-price, renovation values, and how the numbers pencil for rentals and flips.

Rental snapshot

Appreciation
Rent-to-price0.80–0.90%/mo
Price / unit (2–4 unit)$185K–$250K/unit
1-BR rent$1,400–$1,600/mo
2-BR rent$1,750–$1,975/mo
3-BR rent$2,050–$2,300/mo

Flip / value-add snapshot

Premium
Renovated ARV$320-$475K
Typical buy range$162-$254K

Adams Twp adjacent. Estate sales occasionally.

How Mars Boro pencils

  • rent-to-price is workable but leaves less room for surprises
  • there is a real spread between buy price and renovated value, so a value-add works when you buy right
  • entry prices sit near the top of the metro

Against the rest of the metro

112th
best rent-to-price of 192 submarkets
79%
of Pittsburgh submarkets are cheaper to buy into
1.91×
renovated value vs. typical buy price

What a typical Mars Boro rental looks like

Purchase (midpoint of the range)$208,000
Rent (typical 2-bed)$1,863/mo
Down payment (25%)$52,000
Principal & interest (7%, 30yr)$1,038/mo
Taxes & insurance$381/mo
Vacancy & maintenance (7% + 10%)$317/mo
Estimated cashflow$127/mo

2.9% cash-on-cash on the down payment alone

Self-managed, before closing costs and rehab. Midpoints of the published ranges — a real property will differ, which is what the analysis on an actual address is for.

Want Mars Boro deals as they come up?

I'll talk through the market, your buy box, and your goals — then send off-market and new Mars Boro deals that fit.

If Mars Boro works for you, look at these

Similar entry price, rent-to-price and renovated value.

Directional investment estimates showing where the numbers point — not an appraisal, and not a statement about any community or its residents. Always run real comps and rents on a specific property. Equal Housing Opportunity.