616 E Crawford AveAltoonaPA16602
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 616 E Crawford Ave, Altoona, PA, 16602 uses $59,637 cash to close to unlock $5,048/yr annual cash flow and $421/mo monthly cash flow. Total monthly income runs $1,600/mo, and a $881/mo payment keeps the spread at $421/mo. Purchase price stands at $179,900, and rental yield measures 10.67% with $1,600/mo rent. Return on cash invested shows 28.37% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 148.74% and total cumulative return in cash records $88,701. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,600/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1945
0.28 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kerry Gority • John Hill Real Estate
Mls Name: Bright MLS
Mls ID: #PABR2015912