Best Philadelphia regions to invest in for rental cash flow

[Rashmi Priyolkar]

I am looking to invest in upcoming Philadelphia neighborhoods to generate rental income. Any advice on your top 3 neighborhoods around Philly and Top 3 considerations to invest in those areas? Thanks!

[Account Closed]

Originally posted by @Joe White:

Temple University Area is a fast improving neighborhood. 

 I personally wouldn't recommend Temple University. For one, the university and other major developers have built a lot of student housing near the campus and there are a lot of owners of rental homes that are unloading their properties now. Although the area has improved, there may be more vacant homes than usual unless Temple gets more students in the area. They built a highrise a couple years ago and there's another highrise just a couple blocks east of campus. Just my 2 cents, but look into home prices on Zillow/Trulia to see the trends.

Brewerytown is very fast improving. The same home my wife and I bought in December 2016 for $145K is now selling for $200K. 19121 is the zip code. In Brewerytown the development is moving north to the 13, 14, 1500 blocks as well as Thompson, Master, Jefferson, and even Oxford. 

Also fast improving is Fishtown, Kensington, Port Richmond, Moyamensing, Point Breeze, Graduate Hospital, and others.