Can you guess what THE most popular market of 2015 is? That’s right! It’s Philadelphia! The number of reasons to invest in Philadelphia real estate is big and getting bigger. Think low buy-ins. True cash flow. A city on the upswing and property values on the rise.
This is a unique historical moment in the Philly real estate market. These optimal price-to-rent ratios will not last. Home prices are on their way up and demand is increasing. There has been a 5% increase in the median price per square foot in the last 3 months alone, so the time to learn about getting in is now.
So are you ready to check out today’s duplex? There’s a tenant in place, 1 year rental guarantee, and more! Maybe it’s next in your investor portfolio.
Location: Philadelphia, PA
Built In: 1840 (but fully renovated)
Purchase price: $96,000 (not a foreclosure, normal sale)
Property info: 2 bedrooms, 2 bathrooms, 2 stories, 1,202 square feet
Monthly rent collected: $1,250
Property taxes: $78
Property management fees: $100
Monthly expenses (conservatively estimated)
Vacancy (7%): $88
Repairs (5%): $63
Total Monthly Expenses- $404
Net Income = Income – Expenses = $846
Cap Rate =
annual net income (non-inclusive of mortgage payment) / purchase price = 10.59%
Cash-on-cash return =
Depends on your leveraging.
- 1 Year Rental Guarantee: Property manager will pay you the full gross monthly rent in the event that any of your tenants default during your first year of ownership
- 1 Year Maintenance Guarantee: Property manager will cover all labor and materials for any maintenance required during your first year of ownership
- 15-Year Roof Warranty: All properties come with a 15-year roof warranty
If you are interested in this property or seeing others like it, contact Melissa at email@example.com.
Take the plunge: you won’t regret it!