The % Rule in Pittsburgh

[Savannah Lewison]

To those who purchase in Pittsburgh: when looking through potential properties, what have you found to be the most accurate % to use on running quick numbers to see if there may be some cash flow before deep diving into analyzing? 1.5 % 2% 3% or more? 

I am specifically referring to the formula: 

monthly rental income/purchase price = x 

If x is greater than said percent then you’ll look further into anylzing. If less than, you know it probably won’t cash flow.