Do you know Zipcode 19131?

[Babu Ramadoss]

Hi - Does anyone know about zipcode 19131 in Philadelphia? Is it a  safe and good neighborhood to buy investment properties? If you have any thoughts on this zipcode, please let me know.

[Dan Powers]

@Babu Ramadoss 19131 is a very good spot for investments, I am very curious why you are limiting yourself to such a small area, given the huge amount of opportunity in the surrounding areas. In agreeance with @Sheryl Sitman Philly as a whole is extremely block by block and your ARV values can change dramatically within a block radius. In terms of the numbers for the pocket, you will see most purchase be in the range of 100-120k, closer to 100k for shells/full guts, and 120k+ for cleaner closer to rent ready properties. ARV's will range from 180-200k for most, with a handfull of properties getting as high as 240k. Rents in this pocket for 3 beds are solidly 1250-1300, with 4 beds hitting 1400+. This area is primed to pop off next as a result of the huge explosion of appreciation seen in Cobbs Creek over the last year.