What kind of cash flows can I expect in Pittsburgh?

[Account Closed]

Hey all. I am thinking about buying a couple of multi-family units in Pittsburgh. I don't have an agent yet, but I wanted to hear from investors who are currently doing this and what kind of numbers they're seeing. 

[Art Perkitny]

@Account Closed. Yields will vary greatly depending on the perceived risk of each area within Pittsburgh, or any city for that matter.

That being said, if you look at the high level data, it shows that on average properties in Pittsburgh are producing rents that are 0.82% of the purchase price.  

That being said, you'll need to decide what your investment goals are, what returns you are looking for, and how much risk you're willing to take on. 

The next image shows areas in Pittsburgh and rent to price ratios for each of them.  The darker the color, the higher the rent to price ratio is.