All Forum Posts by: Christopher Berggren

Hi Max, and thanks for your perspective on the deal I posted. My agent sent me a list of comps today for the area, which was helpful since before I had been relying on realtor.com and other 'sites' that aren't the best for reliable data. The comps show a few MFRs in the range of $170,000, still a far cry from the $280,000 my earlier data had shown. So yes, the ARV is wrong and I will re-analyze this property. About rents: there were many Wilkinsburg/Regent Sq 2/1 and 3/1 units in the 1400 to 1600 range on rentometer, so I felt justified in my income projection. Yes, I live in the Shadyside district, although I am new to the area. I'd like to meet you and learn more about your perspective on Pittsburgh's eastern areas.

Hi Nuhan and thanks for your reply.  This is my first posting on the BP forums, so it looks like I missed one or two details!!  One of which is that this property is a duplex.  The two units will rent for 1650 and 1850 for a total of 3500 per month and 42,000 per year.  The property is located in the first ring eastern suburbs of Pittsburgh along dedicated rapid transit line just four stops and 25 minutes from downtown.   B class residential older homes with light mix of multi-family (mainly duplex or triplex). 

Congratulations!!

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*This link comes directly from our calculators, based on information input by the member who posted.  Hi there, in addition to this Rental Property analysis, I also posted a BRRRR analysis earlier today.  I did the second report because there were some important details of the deal I didn't understand on the BRRRR report.

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*This link comes directly from our calculators, based on information input by the member who posted.