Rental Expense Numbers for Central PA (Harrisburg area)
I've been running numbers on rental properties in the Harrisburg area in preparation for buying my first property next year. I am curious to know what folks in the area are using for maintenance and capex numbers. I've read a lot of different things but I figure it varies for different parts of the country. I know it probably varies depending on the street and the individual house too but as a newbie without a lot of experience what would be some good numbers to quickly run the numbers on properties as I browse through the MLS?
I was using 6% capex and $100/month/unit for maintenance but I'm thinking the $100 maintenance number is a bit high. I'm also not sure a percentage would be good to use for either of these since varying rents don't necessarily correlate with these expenses. I'm thinking maybe $120/month/unit for both. Thoughts?