Adding Central A/C to a Philly Rental

[Eric Greenberg]

Looking for some folks feedback on adding or updating their rental to have central air / a mini split. 

I know its a tough question as its based on a few factors, but id be curious what other investors believe they get extra a month in rent due to A/C and what class property those are.

I have a B-class Duplex I'm working on now and leaning towards adding A/C but would love to get some local input.

Quick math: mini split cost per unit = $5000 / 15 years until replacement / 12 months per year => ~$28/month. Assuming no maintenance is needed in 15 years would say you need at least ~$56 extra a month to pay off the 1st unit and add CapEX for the next unit just to break even. 

Cheers,

Eric

[Eli B.]

@Eric Greenberg something else to keep in mind is the desirability factor. Even if you don't get more rent you may reduce vacancy time or attract better tenants