Point Breeze has been seeing changes in recent years, with more development and some new businesses attempting to revive the neighborhood.
A recent real estate study has named Point Breeze as number 7 on a list of 35 “best bad neighborhoods” to buy homes. The study shows that house flipping in this area results in an average 138% return on investement.
To make the final cut of “Top 35 Best Bad Neighborhoods to Buy a Home,” ZIP codes had to have a population of at least 2,500, an increase in the number of construction loans over the past 12 months, an average home flipping gross return of at least 60 percent, with millennials (born between 1984 and 2000) representing at least 25 percent of the total population and increasing in share of population from 2013 to 2014.
Additionally, the ZIP code’s highest scoring elementary school needed to be below the state average in 2015, and the share of underwater homes in the ZIP code needed to be at least 15 percent — above the national average.