2430 Oak Ave · Altoona, PA 16601

$119,000

5 bd · 2.0 ba · 2,175 sqft · SingleFamily · 77 Days on market

Built 1900 Average condition 6,098 sqft lot $55/sqft · 18% below area Est $145k · 18% under

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +28.7/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.0/10.0
• Livability +4.0/5.0
• Schools +3.1/10.0
• Condition / age +2.8/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

If you're looking for space, potential, and the opportunity to build equity with some TLC, this spacious 3-5 bedroom home is a must-see. Featuring two full baths, a formal dining room, and great city views through expansive windows that fill the home with natural light, it offers both comfort and character. Enjoy outdoor living with a swimming pool, plus the convenience of a garage and additional off-street parking.

Key facts

• Formal dining room
• Swimming pool
• 6,098 sq ft lot

Tags

• SWIMMING POOL
• FORMAL DINING ROOM

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $119k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $396 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $119k).
• Recommended offer: $112k (6.0% below list) — sets the bar for market timing.
• Cap rate 10.3% vs local median 5.8% in Altoona — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 79/100 on livability (#237 in PA, #2,060 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime C-, employment D, amenities F.
• Altoona Area SD (urban): math 30% / reading 44% proficiency, ranked #406 of 539 in PA (top 75%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 186 active listings in the ZIP; 99 units permitted in Blair County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($58k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $823 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Blair County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $33k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 77 days — a 6% lower offer ($112k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 20y ago; this cycle's ask has dropped $41k (26%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $111,860 (6.0% below list)

Questions for the listing agent

1. It's been on market 77 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.30% ✓
• Cap rate: 10.28%
• Cash-on-cash: 14.25%
• DSCR: 1.63
• GRM: 6.4

CMA / ARV

• ARV (median comp): $145,015
• List price: $119,000
• Delta: -17.94%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2703 Furnace Ave	0.60mi	4/1.5 (-1)	2,160 (-1%)	13mo	$217,000	$100	53
2522 Dysart Ave	0.59mi	4/1.5 (-1)	2,052 (-6%)	5mo	$174,900	$85	52
2123 8th Ave	0.45mi	5/2.0	2,310 (+6%)	22mo	$109,600	$47	51
2013 7th Ave	0.55mi	4/1.0 (-1)	1,959 (-10%)	8mo	$70,000	$36	42
1319 18th Ave	0.59mi	5/1.0	2,406 (+11%)	16mo	$100,000	$42	38
2324 5th Ave	0.55mi	6/2.0 (+1)	2,500 (+15%)	10mo	$129,900	$52	36
2204 5th Ave	0.57mi	4/1.5 (-1)	1,869 (-14%)	19mo	$23,500	$13	27
2824 4th Ave	0.68mi	4/1.5 (-1)	1,918 (-12%)	20mo	$155,000	$81	24

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 4.6%
• Equity multiple: 1.18×
• Total profit: $5,949
• Equity at exit: $17,743

10-year hold

• IRR: 14.1%
• Equity multiple: 2.13×
• Total profit: $37,736
• Equity at exit: $10,289

Cash invested: $33,320 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Pennsylvania: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

10-day notice; Philadelphia has eviction-court diversion + some protections; otherwise moderate.

Methodology + full state rankings →

ZIP-level market 16601

• Home prices YoY: -24.9%
• Active inventory: 186
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,542 medium
• Mortgage (P&I): −$624
• Tax est. 1.5%: −$149 /mo · $1,785/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$324
• Net cashflow: $396

Break-even live

Break-even rent $1,041

Max offer price $119,000

Occupancy floor 69%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $29,750
• Closing costs: $3,570
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-05-19
   status Pending 419-char remark

   Show marketing remark (419 chars)

   If you're looking for space, potential, and the opportunity to build equity with some TLC, this spacious 3-5 bedroom home is a must-see. Featuring two full baths, a formal dining room, and great city views through expansive windows that fill the home with natural light, it offers both comfort and character. Enjoy outdoor living with a swimming pool, plus the convenience of a garage and additional off-street parking.

2. 2026-05-19
   status Pending 419-char remark

   Show marketing remark (419 chars)

   If you're looking for space, potential, and the opportunity to build equity with some TLC, this spacious 3-5 bedroom home is a must-see. Featuring two full baths, a formal dining room, and great city views through expansive windows that fill the home with natural light, it offers both comfort and character. Enjoy outdoor living with a swimming pool, plus the convenience of a garage and additional off-street parking.

3. 2026-05-12
   status Active 419-char remark

   Show marketing remark (419 chars)

   If you're looking for space, potential, and the opportunity to build equity with some TLC, this spacious 3-5 bedroom home is a must-see. Featuring two full baths, a formal dining room, and great city views through expansive windows that fill the home with natural light, it offers both comfort and character. Enjoy outdoor living with a swimming pool, plus the convenience of a garage and additional off-street parking.

4. 2026-05-12
   status Active 419-char remark

   Show marketing remark (419 chars)

   If you're looking for space, potential, and the opportunity to build equity with some TLC, this spacious 3-5 bedroom home is a must-see. Featuring two full baths, a formal dining room, and great city views through expansive windows that fill the home with natural light, it offers both comfort and character. Enjoy outdoor living with a swimming pool, plus the convenience of a garage and additional off-street parking.

5. 2026-05-06
   status Pending 419-char remark

   Show marketing remark (419 chars)

   If you're looking for space, potential, and the opportunity to build equity with some TLC, this spacious 3-5 bedroom home is a must-see. Featuring two full baths, a formal dining room, and great city views through expansive windows that fill the home with natural light, it offers both comfort and character. Enjoy outdoor living with a swimming pool, plus the convenience of a garage and additional off-street parking.

6. 2026-05-06
   status Pending 419-char remark

   Show marketing remark (419 chars)

   If you're looking for space, potential, and the opportunity to build equity with some TLC, this spacious 3-5 bedroom home is a must-see. Featuring two full baths, a formal dining room, and great city views through expansive windows that fill the home with natural light, it offers both comfort and character. Enjoy outdoor living with a swimming pool, plus the convenience of a garage and additional off-street parking.

7. 2026-04-21
   price $119,000 419-char remark

   Show marketing remark (419 chars)

   If you're looking for space, potential, and the opportunity to build equity with some TLC, this spacious 3-5 bedroom home is a must-see. Featuring two full baths, a formal dining room, and great city views through expansive windows that fill the home with natural light, it offers both comfort and character. Enjoy outdoor living with a swimming pool, plus the convenience of a garage and additional off-street parking.

8. 2026-04-21
   price $119,000 419-char remark

   Show marketing remark (419 chars)

   If you're looking for space, potential, and the opportunity to build equity with some TLC, this spacious 3-5 bedroom home is a must-see. Featuring two full baths, a formal dining room, and great city views through expansive windows that fill the home with natural light, it offers both comfort and character. Enjoy outdoor living with a swimming pool, plus the convenience of a garage and additional off-street parking.

9. 2026-03-25
   price $142,000 419-char remark

   Show marketing remark (419 chars)

   If you're looking for space, potential, and the opportunity to build equity with some TLC, this spacious 3-5 bedroom home is a must-see. Featuring two full baths, a formal dining room, and great city views through expansive windows that fill the home with natural light, it offers both comfort and character. Enjoy outdoor living with a swimming pool, plus the convenience of a garage and additional off-street parking.

10. 2026-03-25
    price $142,000 419-char remark

    Show marketing remark (419 chars)

    If you're looking for space, potential, and the opportunity to build equity with some TLC, this spacious 3-5 bedroom home is a must-see. Featuring two full baths, a formal dining room, and great city views through expansive windows that fill the home with natural light, it offers both comfort and character. Enjoy outdoor living with a swimming pool, plus the convenience of a garage and additional off-street parking.

11. 2026-03-05
    price $149,000 419-char remark

    Show marketing remark (419 chars)

    If you're looking for space, potential, and the opportunity to build equity with some TLC, this spacious 3-5 bedroom home is a must-see. Featuring two full baths, a formal dining room, and great city views through expansive windows that fill the home with natural light, it offers both comfort and character. Enjoy outdoor living with a swimming pool, plus the convenience of a garage and additional off-street parking.

12. 2026-03-05
    price $149,000 419-char remark

    Show marketing remark (419 chars)

    If you're looking for space, potential, and the opportunity to build equity with some TLC, this spacious 3-5 bedroom home is a must-see. Featuring two full baths, a formal dining room, and great city views through expansive windows that fill the home with natural light, it offers both comfort and character. Enjoy outdoor living with a swimming pool, plus the convenience of a garage and additional off-street parking.

13. 2026-02-24
    listed $159,900 Active 419-char remark

    Show marketing remark (419 chars)

    If you're looking for space, potential, and the opportunity to build equity with some TLC, this spacious 3-5 bedroom home is a must-see. Featuring two full baths, a formal dining room, and great city views through expansive windows that fill the home with natural light, it offers both comfort and character. Enjoy outdoor living with a swimming pool, plus the convenience of a garage and additional off-street parking.

14. 2026-02-23
    listed $159,900 Active 419-char remark

    Show marketing remark (419 chars)

    If you're looking for space, potential, and the opportunity to build equity with some TLC, this spacious 3-5 bedroom home is a must-see. Featuring two full baths, a formal dining room, and great city views through expansive windows that fill the home with natural light, it offers both comfort and character. Enjoy outdoor living with a swimming pool, plus the convenience of a garage and additional off-street parking.

15. 2015-06-10
    soldstatus $117,000
16. 2014-12-08
    listed $115,000
17. 2013-06-17
    listed $115,000
18. 2006-10-05
    soldstatus $84,900
19. 2006-08-23
    listed $84,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥95°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,504
• − Mortgage interest: −$6,666
• − Property taxes: −$1,785
• − Insurance: −$595
• − Repairs & maintenance: −$1,480
• − Management: −$1,480
• − Depreciation: −$3,462
• Taxable income: $3,036
• Est. tax owed @ 24.0%: −$729
• After-tax cash flow: $4,021/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 1 photo

Average 55/100 Moderate rehab

This spacious single-family home requires moderate repairs and maintenance to improve its curb appeal and overall condition, making it a good investment opportunity.

Repairs flagged

• Moderate exterior siding — Weathered and discolored
• Minor landscaping — Overgrown vegetation

Value-add opportunities

• Both paint exterior — Enhances curb appeal and value
• Both landscaping — Improves curb appeal and enhances property value

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior siding · Weathered and discolored	Moderate	$3,000–15,000
landscaping · Overgrown vegetation	Minor	$500–3,000
Total estimated repair cost · 2 items		$3,500–18,000

Value-add ROI direction

• Both paint exterior — Enhances curb appeal and value ↑
• Both landscaping — Improves curb appeal and enhances property value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Altoona Area SD
• NCES district ID: 4202340
• Math proficiency: 30% ▼ -15.00%
• Reading proficiency: 44% ▼ -15.00%
• Median HH income: $38,465
• Composite: 30.85/100
• National rank: #6130
• State rank: #406 of 539 in PA

Livability — Altoona

• Score: 79/100
• State rank: #237
• US rank: #2060

Category grades

Amenities F Commute A+ Cost of living A+ Crime C- Employment D Housing A+ Health & safety B+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Altoona, PA
• County: Blair County · 59,867 people
• City population: 59,867
• Metro: Altoona, PA
• Population (ZIP): 33,515
• Household income: $58,070
• Rent vs Own: 30.6% rent · 69.4% own
• Severe rent burden: 715.0

Population outlook (Blair County) Hauer SSP2

• Today (2025): 121,571 people
• By 2030: 117,966 · -3.0%
• By 2040: 109,174 · -10.2%
• By 2050: 99,542 · -18.1%
• By 2075: 76,775 · -36.8%
• By 2100: 54,326 · -55.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 5% Black 3% Hispanic / Latino 1%
• Common ancestry: Romanian 5% Slovak 2% Lithuanian 2%
• Foreign-born: 1% · Vietnam
• Languages at home: 97% English-only · German/W. Germanic 1% Spanish 1%

Political lean MEDSL · Blair

• 2024 margin: Solid R (+43.5) · D 27.9% · R 71.4%
• 2008→2024 swing: -19.2pp toward R · 2008: -24.3pp · 2024: -43.5pp
• All cycles: 2024: R+43.5 2020: R+43.5 2016: R+46.4 2012: R+33.5 2008: R+24.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -60.97%
• Current HPI: 183.9907
• Rent YoY: —
• Metro: Altoona, PA
• State GDP YoY: ▲ 1.68%
• F500 in state: 34

Industry mix (Fortune 500 HQ in PA)

Industry	F500 HQs	Revenue
▸Healthcare	2	$309B
▸Insurance	2	$27B
▸Telecommunications / Media	1	$124B
▸Industrial Distribution	1	$22B
▸Financial Services	1	$20B
▸Chemicals / Materials	1	$18B

Price history

+40.2% since first listed

19 events — show timeline

• 2026-05-19 Pending — BRIGHT MLS
• 2026-05-19 Pending — AHARMLS
• 2026-05-12 Relisted — AHARMLS
• 2026-05-12 Relisted — BRIGHT MLS
• 2026-05-06 Pending — AHARMLS
• 2026-05-06 Pending — BRIGHT MLS
• 2026-04-21 Price Changed $119,000 BRIGHT MLS
• 2026-04-21 Price Changed $119,000 AHARMLS
• 2026-03-25 Price Changed $142,000 BRIGHT MLS
• 2026-03-25 Price Changed $142,000 AHARMLS
• 2026-03-05 Price Changed $149,000 BRIGHT MLS
• 2026-03-05 Price Changed $149,000 AHARMLS
• 2026-02-24 Listed $159,900 BRIGHT MLS
• 2026-02-23 Listed $159,900 AHARMLS
• 2015-06-10 Sold (MLS) $117,000 AHARMLS
• 2014-12-08 Listed $115,000 AHARMLS
• 2013-06-17 Listed $115,000 AHARMLS
• 2006-10-05 Sold (MLS) $84,900 AHARMLS
• 2006-08-23 Listed $84,900 AHARMLS