Philadelphia Real Estate Forum
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
Grays Ferry rentals?
Anyone investing / have properties in Grays Ferry? I'm looking into SFH rentals given the price of most properties. I know this isn't an "A or B" neighborhood, but wanted to hear feedback from folks who have rentals their currently. What would you consider the area? C?
I'm looking at a property currently on the market that with a little fix up and renting out for $900-1000/month, would net me 10-11% COC-ROI and my cap rate would be around 12-13%.
Also what would you deem the 'better' areas of Grays Ferry to invest in?
Any advice/recs would be appreciated. Thanks!