1224 24th AveAltoonaPA16601
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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 1224 24th Ave, Altoona, PA, 16601 earns $209/mo cash flow from $1,518/mo rent with a $978/mo payment. Total monthly income totals $1,518/mo, and annual cash flow totals $2,502/yr on $66,267 capital. ROI tracks 23.68% on current figures, and rental yield reads 9.11% at a $199,900 purchase. Equity gained on principal adds $1,290/yr, and 5% annual appreciation supports $55,229 over five years. Five-year ROI reaches 123.59% and total cumulative return in cash sums $81,901. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,518/mo property income instead of your personal income.
Single Family
Built in 1921
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16601, Altoona, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,637 (100%) |
| Owner Occupied HU | 8,826 (60.3%) |
| Renter Occupied HU | 4,227 (28.9%) |
| Vacant Housing Units | 1,584 (10.8%) |
| Median Home Value | $163,189 |
| Average Home Value | $210,151 |
Housing Distribution
Address Breakdown
Residential
14,375
Single Family
13,114
Multi-Family
1,261
Businesses
837
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Listed by: Denise Young • 814 Realty Group Inc.
Mls Name: AHAR
Mls ID: #77803