2201 Broad 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
Rental property for sale in Altoona at 2201 Broad Ave, Altoona, PA, 16601 priced at $162,000 converts $1,099/mo rent into $37/mo cash flow after a $793/mo obligation. Total monthly income equals $1,099/mo, and annual cash flow totals $448/yr on $53,703 invested. Return on cash invested prints 20.74% in year one, and rental yield reads 8.14% against a $162,000 entry. Equity gained on principal adds $1,045/yr, while 5% annual appreciation compiles into $44,758 by year five. Five-year ROI reaches 107.83% and total cumulative return in cash sums $57,905. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,099/mo property income covering a $793/mo payment, not borrower’s personal income.
Multi Family
Built in 1905
4,791 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: Troy Pincherri • Radiate Real Estate, LLC
Mls Name: AHAR
Mls ID: #78997