When a Class A apartment can be had for the same price as a Class B/C renovated unit, the B/C operator drops prices, and so on.But, in terms of making an investment decision, I think it is short sighted to rely purely on full market average data.  

.- BTW: the $1300 includes all utilities being paid by the landlord.

This comprehensive approach captures emerging trends and significant shifts in the US economy, offering a detailed benchmark for metro performance.Our report and interactive online tool break down the components of the BPC index, delivering actionable insights into the factors driving short- and medium-term economic performance in US metropolitan areas.

Landlords sorted by unit count in Philadelphia as of January 20th, 2025.Note: It doesn't reflect pure ownership, especially for corporate landlords.

Net earnings were about $400,000/year, so the business component of the sale was valued at about 3X, or $1.2M. 

I know a cost segregation study would be too expensive for such a small amount of property, but is it permissible for me to estimate the value of the components on my own?

Land cost is only a small component. 

I used all the rent and any extra money towards paying them down.

There’s two components of household:1) the “who”2) the “how”“Who” is living together is easy: that’s the tenants.

A lot of operators don't focus enough on the asset management component and rely too much on the PMs.