What are Cash Investors usually looking to make as a Cap rate?

Multi-Family and Apartment Investing
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What are Cash Investors usually looking to make as a Cap rate?

Jennifer Jakubczyk
Member since 2019 · 2 posts · 1 vote

Looking to wholesale a Multi Family property and trying to do numbers and would like some thoughts on cap rates in the Philadelphia Market zip 19151? How much would I figure in for Rent 1/2 bed units in that area?  Would love any input from people investing in that area.

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  • Alejandro Galo
    St Johns, FL · Member since 2018 · 6 posts · 2 votes
    7y

    Hello Jennifer,

    I am not investing in that area, however, to learn what the rent trend is (going up or going down) in a particular area I use rentometer.com (see image below),

    Or I go to zillow find "19151" rent listings and call a couple of places to get a feel of the area.

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  • Jeannette C
    Flipper/Rehabber · Delaware County, PA · Member since 2009 · 30 posts · 12 votes
    7y

    First, I'm a local investor and an curious about your deal. Where is it and how many units?  Feel free to PM me. 

    Second, fyi, those rentometer numbers look high for the area. I'd look to Craig'slist first, then Zillow. The problem I've had with Rentometer is it uses a distance radius for data, which in this case mould encompass Lower Merion, etc.. it might be better for larger suburban towns where there is less variation within blocks.

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