19140 North Philly Market

[Bennett Schwartz]

Hi BP,

Anyone have any familiarity with the 19140 Zip code in Philadelphia. I know it's not THERE yet, but is this a market that can be seen as up and coming? 

Any help would be greatly appreciated.

Thanks!

[Art Perkitny]

@Bennett Schwartz

A quick look at the data does not paint a great picture of 19140

Food stamp and poverty rates are profoundly high, and poverty in particular is on the rise. 

College education rates are also really low at 6%

Rent to income rates are increasing rapidly and show a rent-burdened tenant base in the area

Yield metrics such as cap rate and rent to price ratio are both high and increasing, indicating a growing perceived market risk

The fundamentals also look rather bleak with homes values seemingly stagnant and population numbers declining rather quickly.  

While the area may pick up in the coming years, the data does not suggest this is currently occurring nor that it will any time soon. As a newer investor I suggest you focus on a more moderate location with lower risk and less speculative upside. 

Might not be what you wanted to hear, but thats my two cents

Hope this helps!