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Updated over 4 years ago,
Adding Central A/C to a Philly Rental
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