Temple University Student Rental

[Aditi Chaudhuri]

Hi Anyone in this group with some experience in student rental in Philly, Temple Univ area. A multi fam two-unit house, 8br 4 bath in total, .5 mile from the univ. What should be a reasonable retail price? And overall expectations from such a property. Monthly net cash flow 1100$. Market value for such a property. Any insight is much appreciated. Thanks

[Taylor Cave]

Hey Aditi - I have 3 right off of Temple campus as well. Definitely want to stay west of broad st. East of Gratz. South of Edgley and north of Cecil B

Thats where the students typically are looking as outside of that radius is rough. 
Think you’re also undervaluing the cashflow. You get anywhere from $500-$650 per room down there so an 8 bd could definitely bode well. Without knowing too much more about the property, fair ask is probably $520k-$580? Happy to chat more on this as I’ve been in there area since 2018. Amazing area to cashflow!