favourite this post Performing rental 17% Cap rate $39900 (Pittsburgh) hide this posting unhide


© craigslist - Map data © OpenStreetMap
(google map)



I’m an independent landlord in the Pittsburgh area. I’m looking to start a new small property management business to compliment my small portfolio of personal rentals.

Basically I would manage investors properties right along side of my own units for a set monthly fee of $75. I already have a licensed and insured maintenance person in place which can take care of any issues right away.

This property is a ready to be rented property which is offered for $39900 and a 17%+ cap rate.

The financials look like this

1300 (650x2) rents
-133 taxes
-60 insurance
-150 water
-30 trash
-150 management
-150 maintenance

=627 a month Cashflow or $7524 per year.

This property is available for $39900
I have access to many other deals like this, on and off the market.
I’m always available for any questions about investing in pittsburgh.

  • do NOT contact me with unsolicited services or offers

post id: 6847688152



best of [?]