Is Philadelphia still the place to be?

[Robert Gorra]

I personally think the market is overinflated in the city of Philadelphia.

My financial numbers when analyzing a single family home to buy, repair, and rent is the following:

Purchase Price to rent ratio (cap rate): 20%+

All-In Cost to rent ratio: 17.5%+

Monthly Net Income After Debt: $500.00

You can still find these, but typically on the outskirts of Philadelphia.  Bonus, much lower transfer taxes!