Best Cash Flow Rental Area In Philadelphia

[Joseph Ems]

Hey BP Community,

I was curious to see what the opinion is on where you can find the best cash flow opportunities in Philadelphia using the BRRR method. From my experience and research I would have to say that I have seen some great numbers in the Grays Ferry, Germantown and Cobbs Creek neighborhoods. What's your opinion? I'm looking forward to hearing some feedback on this topic. Thanks guys!

[Joe P.]

@Joseph Ems I could have sworn you asked this exact same question a few days ago, in a thread all its own? Can't seem to find it but I feel like I read this question...word for word...a week ago.

Regardless, I don't see much cash flowing in Philly these days. For mom and pop investors, the deals are probably gone. Look outside of Philly in C and B neighborhoods for opportunities.

I sold my Philly townhome to a NY investor at the end of 2017. Price was 207,000, he paid all cash, and the max rent is $1400 a month. Even if the area appreciates (7th and Washington), it won't magically become a $2000 a month property. Doesn't hit the 1% rule, but he bought it. That's the kind of influx we're dealing with.

I just bought in Gloucester City, NJ...lots of additional costs (flood ins, two water companies, township requirements, etc.) and high taxes, but I'm renting a duplex for $1900 a month and I paid just over 100k. OK neighborhood, close proximity to Philly...thinking short term cash flows with long term appreciation (hopefully) and using cash flows to hold and BRRR as needed.