102 E 2nd 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 102 E 2nd Ave, Altoona, PA, 16602 offers a 16.75% rental yield on a $112,500 purchase with $1,570/mo rent. Total monthly income registers $1,570/mo, and a $551/mo payment leaves $832/mo available for distribution. Annual cash flow reaches $9,989/yr on $37,294 to close, and return on cash invested stands at 46.69% in year one. Equity gained on principal adds $726/yr while 5% annual appreciation supports $31,082 over five years. Portfolio math shows five-year ROI at 247.07% and total cumulative return in cash at $92,140. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,570/mo property income against a $551/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in N/A
N/A 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: Nathan Verilla • Verilla Real Estate
Mls Name: AHAR
Mls Provider:
Mls ID: #74700
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