Running numbers on Small Multi Deals in Pittsburgh

[Logan Koch]

Hello BP members ,

I am writing this post to ask to double check if there is any important things to consider when analyzing deals in the Pittsburgh area. My family has a few properties under our belt in the Central PA area. I moved to Pittsburgh a few months ago, and am looking to expand our portfolio in this area. I just wanted to present how I generally run my numbers before diving deep into a specific deal, and see if there is anything that would be edited for this area. Thanks!

Vacancy 8%

taxes: given

Insurance $800 for 2 units or cheaper property and upwards of $1,500 for 4 units and more expensive

Sewer/Water: $1500 for duplex and I add $500 per extra unit  (ex; 4units+$2,500)

Garbage: $500

Electric/Heat tenants responsibility if sub metered?

Repairs/Maintenance: 8%

Cap Ex: 7% 

Property Management: 10% 

What would be a ballpark estimate for lawn care and snow removal on an average size lot for small multi around the city? 

Thanks!