604 N 2nd StAltoonaPA16601
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 604 N 2nd St, Altoona, PA, 16601 offers a 9.22% rental yield on a $100,000 purchase with $768/mo rent. Total monthly income registers $768/mo, and a $489/mo payment leaves $113/mo available for distribution. Annual cash flow reaches $1,358/yr on $33,150 to close, and return on cash invested stands at 24.01% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Portfolio math shows five-year ROI at 125.41% and total cumulative return in cash at $41,572. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $768/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1931
871.20 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Adam Conrad Team • Perry Wellington Realty, LLC
Mls Name: AHAR
Mls ID: #78303