500 Ridge 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 500 Ridge Ave, Altoona, PA, 16602 generates $1,837/mo in rent, after a $2,878/mo payment. Total monthly income is $1,837/mo. Return on cash invested sits at 7.55% in year one, and rental yield is 3.75% on a $588,000 entry. Equity gained on principal adds $3,794/yr, while 5% annual appreciation builds toward $162,454 over five years. Five-year ROI reaches 37.03% and total cumulative return in cash sums $71,640. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,837/mo property income rather than buyer’s personal income.
Single Family
Built in 2017
0.52 Acres 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: Adam Conrad Team • Perry Wellington Realty, LLC
Mls Name: AHAR
Mls ID: #77920