2020 16th 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 2020 16th Ave, Altoona, PA, 16601 uses $46,377 cash to close to unlock $2,208/yr annual cash flow and $184/mo monthly cash flow. Total monthly income runs $1,101/mo, and a $685/mo payment keeps the spread at $184/mo. Purchase price stands at $139,900, and rental yield measures 9.44% with $1,101/mo rent. Return on cash invested shows 24.67% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 128.84% and total cumulative return in cash records $59,751. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,101/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1950
10,454 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: Chelsey Stayer • Perry Wellington Realty, LLC
Mls Name: AHAR
Mls ID: #79008