Cap rates, rent trends, and underwriting benchmarks for Philadelphia apartment investors.
Eds and meds employment provides stability. University City and Center City see premium rents driven by Penn, Drexel, and hospital systems. The city wage tax is a consideration for renter retention. Suburban Montgomery and Delaware counties attract families priced out of the core.
Active agency and bank market. 1.20-1.25x DSCR. Philadelphia's business income and receipts tax (BIRT) impacts LLC operating costs.
Upload any Philadelphia offering memo, T12, or rent roll. Get a full underwriting report with deal grade, sensitivity analysis, and Go/No-Go verdict in under 2 minutes.