423 3rd 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
Rental property for sale in Altoona at 423 3rd Ave, Altoona, PA, 16602 priced at $150,000 converts $1,142/mo rent into $159/mo cash flow after a $734/mo obligation. Total monthly income equals $1,142/mo, and annual cash flow totals $1,911/yr on $49,725 invested. Return on cash invested prints 23.75% in year one, and rental yield reads 9.14% against a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 123.98% and total cumulative return in cash sums $61,650. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,142/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1920
3,049 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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