245 E Fairview 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 245 E Fairview Ave, Altoona, PA, 16601 offers a 9.38% rental yield on a $212,900 purchase with $1,664/mo rent. Total monthly income registers $1,664/mo, and a $1,042/mo payment leaves $269/mo available for distribution. Annual cash flow reaches $3,227/yr on $70,576 to close, and return on cash invested stands at 24.48% in year one. Equity gained on principal adds $1,374/yr while 5% annual appreciation supports $58,820 over five years. Portfolio math shows five-year ROI at 127.83% and total cumulative return in cash at $90,218. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,664/mo property income against a $1,042/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
7,840 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: Katie Moyer • Radiate Real Estate, LLC
Mls Name: AHAR
Mls Provider:
Mls ID: #76913
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