Deal Review in New Castle, PA

[Scott Hawley]

Hello BP Community! I'm evaluating whether I buy 3 SFRs near Pittsburg Pennsylvania in New Castle. Two are on the upper side, one on the lower side. The purchase price is $120k for all 3 with $3k in repairs needed. The rents are 2500 combined (875 for the upper side ones and 750 for the lower side one).

I don't know the area and would love your advice. My goal here is high cash flow properties and I'm not banking on any appreciation. If you know the area, what are your thoughts on a stable renter base? I'm factoring in 5% for vacancy, 10% for repairs (they are 1920 homes), and 5% for capex (2 are newly remodeled and the 3rd is a year from having been remodeled).

Thanks in advance for your feedback!

-Scott Hawley