Point Breeze/Gray’s Ferry vs Port Richmond

[Malik K.]

Which of these areas would be a better play for house-hacking in terms of likely appreciation over the years and rentability to potential tenants? Thank you in advance!

[Dan Powers]

@Malik K. Both areas have their pros and cons. To directly answer your question I would lean towards Grays Ferry. As @Stuart Udis said Point Breeze will being you the best tenants but it's an established market already so the appreciation is going to be minimal. Port Richmond is also a solid area but you gotta stay south of Aramingo Ave, its a pretty hard border because once you go north of it your creeping towards zombie land. 

Grays Ferry has the most going for it. There are 2 huge ongoing projects being the ongoing expansion of Pennovation which is the robotics labs and office space for UPenn. Also the massive development of the Bellwether District. Now the Bellwether District is a long ways away but they slowly are making progress and UPenn is constantly expanding and throwing money at new developments. 

A little secret not many people know about is the crazy Section 8 rents you are able to get in 19146, while market rent may be 1500-1800/month, Section 8 rent is up to $2580/month for 2 beds and $3120 for 3 beds.