1002 8th AveAltoonaPA16602
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Altoona at 1002 8th Ave, Altoona, PA, 16602 earns $213/mo cash flow from $1,196/mo rent with a $734/mo payment. Total monthly income totals $1,196/mo, and annual cash flow totals $2,561/yr on $49,692 capital. ROI tracks 25.06% on current figures, and rental yield reads 9.57% at a $149,900 purchase. Equity gained on principal adds $967/yr, and 5% annual appreciation supports $41,415 over five years. Five-year ROI reaches 131% and total cumulative return in cash sums $65,099. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,196/mo property income instead of your personal income.
Multi Family
Built in 1904
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16602, Altoona, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,156 (100%) |
| Owner Occupied HU | 8,015 (60.9%) |
| Renter Occupied HU | 3,857 (29.3%) |
| Vacant Housing Units | 1,284 ( 9.8%) |
| Median Home Value | $155,913 |
| Average Home Value | $180,066 |
Housing Distribution
Address Breakdown
Residential
12,959
Single Family
11,830
Multi-Family
1,129
Businesses
1,253
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Listed by: Scott H. Weyer • John Hill Real Estate
Mls Name: AHAR
Mls Provider:
Mls ID: #77285
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange ("IDX") program of the Allegheny Highland Association of Realtors® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable, but is not guaranteed. Copyright 2025 Allegheny Highland Association of Realtors, Inc.