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Updated about 6 years ago, 11/30/2018
What are realistic Cap Rates in Philadelphia?
Hi, I'm putting together financing and doing research for my first investment purchase. I'm in Philadelphia, my realtor told me that a 5%-6% cap rate is what most properties here see. That seems a good bit lower than the 10% outlined here...
http://www.biggerpockets.com/renewsblog/2010/06/30...
I'm wondering if anyone has any specific experience in Philly and what kind of numbers I can hope to expect.
Thanks for your time!