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Updated about 2 years ago on . Most recent reply

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31
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Derek Nemec
16
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31
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How much above PITI should I shoot for it to be a good deal?

Derek Nemec
Posted

Hi there BP! 

I am currently analyzing a deal and wanted your insight! The investment is 3 duplexes on one corner lot in town, all quite updated and nice
PITI currently sits at $4,275/mo. and the conservative rents at 100% occupancy would account for $6,300/mo.

is the PITI too high and makes it too risky or would you consider it to be a good number vs the rent at 100%? What do u suggest? 

Most Popular Reply

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5,107
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Nicholas L.
#1 Starting Out Contributor
  • Flipper/Rehabber
  • Pittsburgh
4,084
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5,107
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Nicholas L.
#1 Starting Out Contributor
  • Flipper/Rehabber
  • Pittsburgh
Replied

@Derek Nemec

need a lot more info... there are many expenses other than PITI, and they can vary widely depending on location, age, who is responsible for utilities, etc.

so, no way to tell with just PITI and rents...

  • Nicholas L.
  • Loading replies...