Rental Property Underwriting in Philadelphia, PA
Cash-flow viable rowhome stock with material regulatory burden.
Typical SFR price
$220,000 – $320,000
3-bed rent (monthly)
$1,700 – $2,300
Effective property-tax rate
1.30% – 1.80%
Insurance (annual, ~$300k SFR)
$1,100 – $1,700
Gross rent-to-price (monthly)
0.65% – 0.85%
Landlord-tenant climate
tenant-friendly
Ranges compiled from Zillow, Redfin, and county assessor public data. Last reviewed 2025-10. Use as directional inputs, not appraisals.
What makes underwriting in Philadelphia different
- Rental license and Certificate of Rental Suitability required per unit.
- Lead paint certification required for pre-1978 stock (majority of city).
- Just-cause eviction expanded in 2021 — model 60-90 day removal timelines.
Quick worked example
Mid-range Philadelphia deal: $270,000 purchase, $2,000/mo rent → gross yield 8.89%. Whether that cash-flows depends on your rate, down payment, taxes at post-sale assessment, and insurance quote — not the metro average.
Other US markets we cover
Rental underwriting in Atlanta, GA →Rental underwriting in Charlotte, NC →Rental underwriting in Raleigh, NC →Rental underwriting in Tampa, FL →Rental underwriting in Orlando, FL →Rental underwriting in Jacksonville, FL →Rental underwriting in Phoenix, AZ →Rental underwriting in Las Vegas, NV →Rental underwriting in Dallas, TX →Rental underwriting in Houston, TX →Rental underwriting in Austin, TX →Rental underwriting in San Antonio, TX →
Educational content only, not investment or legal advice. Verify all numbers with local professionals before making an offer.