387 Asbury LnAltoonaPA16601
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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 387 Asbury Ln, Altoona, PA, 16601 offers $1,020/mo rent that, after a $1,077/mo payment. Total monthly income is $1,020/mo. Return on cash invested measures 12.97% in year one, and rental yield stands at 5.56% at a $220,000 entry. Equity gained on principal adds $1,420/yr while 5% annual appreciation compounds into $60,782 by year five. Five-year ROI records 66.16% and total cumulative return in cash reaches $48,251. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,020/mo property income versus a $1,077/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
1 Acres 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: Robert Lynn • Re/max Results Realty Group
Mls Name: AHAR
Mls ID: #78453