319 Heather 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 319 Heather Ave, Altoona, PA, 16602 uses $36,432 cash to close to unlock $1,605/yr annual cash flow and $134/mo monthly cash flow. Total monthly income runs $854/mo, and a $538/mo payment keeps the spread at $134/mo. Purchase price stands at $109,900, and rental yield measures 9.32% with $854/mo rent. Return on cash invested shows 24.31% in year one, and 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 126.99% and total cumulative return in cash records $46,264. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $854/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1930
6,534 sqft 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: Laurel Barnes • Perry Wellington Realty, LLC
Mls Name: AHAR
Mls ID: #78987