601 E Walton Ave · Altoona, PA 16602

$39,000

4 bd · 1.0 ba · 1,200 sqft · SingleFamily · 22 Days on market

Built 1900 Poor condition 6,098 sqft lot

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +1.0/5.0
• Appreciation +0.0/10.0

Listing remarks

4BR / 1BA brick home packed with character and opportunity! Features include beautiful cherry wood flooring throughout, stunning stained glass picture windows, a finished attic, unfinished full basement, and a 1.5-car garage on a concrete pad. Solid brick exterior with plenty of original charm. Property needs repairs and updates, including roof replacement, kitchen and bathroom renovations, deck repair, and some window work. Excellent investment opportunity for investors or renovators looking to bring this property back to life!

Key facts

• 6,098 sq ft lot
• Garage
• Built 1900

Property features AI

Finance

• Other: Ownership is fee simple; Year built estimated
• Financial info:
• HOA & community:

Exterior

• Parking: Attached front-entry garage (1-car)
• Security:
• Utilities: Public sewer (no septic system); Other water source
• Home design: Detached structure; Above-grade finished living space (about 1,200); Entry faces front (front-entry garage)
• Construction: Brick construction; Crawl space foundation; Above-grade and below-grade structures
• Exterior features: No tidal water on lot; Lot dimensions recorded by assessor

Interior

• Kitchen:
• Bedrooms: Four main-level bedrooms
• Flooring:
• Bathrooms: One full bathroom (main level)
• Heating & cooling: Central heating
• Interior features: Estimated living area; Unfinished basement
• Laundry & utility:

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $39k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $876 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $39k).
• Recommended offer: $38k (1.5% below list) — sets the bar for market timing.
• Cap rate 33.2% vs local median 5.9% 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: 151 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 99 units permitted in Blair County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($55k/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 $270 of loan paydown is wiped out by about $1k 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 $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($38k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

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

Recommended offer $38,415 (1.5% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 3.72% ✓
• Cap rate: 33.23%
• Cash-on-cash: 96.22%
• DSCR: 5.28
• GRM: 2.2

CMA / ARV

• ARV (on-the-fly): $142,800
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
518 E Walton Ave	0.05mi	3/1.0 (-1)	1,196 (-0%)	6mo	$190,000	$159	87
412 E Logan Ave	0.17mi	3/1.5 (-1)	1,302 (+8%)	1mo	$211,000	$162	70
830 E Walton Ave	0.22mi	3/1.0 (-1)	1,330 (+11%)	2mo	$157,900	$119	65
224 Hudson Ave	0.60mi	3/1.0 (-1)	1,200 (0%)	2mo	$170,000	$142	65
821 E Caroline Ave	0.33mi	3/1.0 (-1)	1,080 (-10%)	2mo	$140,000	$130	62
125 Crawford Ave	0.51mi	3/1.0 (-1)	1,224 (+2%)	10mo	$128,900	$105	60
431 E Logan Ave	0.15mi	3/1.0 (-1)	1,380 (+15%)	8mo	$189,900	$138	56
409 2nd St	0.65mi	3/1.0 (-1)	1,148 (-4%)	2mo	$12,500	$11	56
224 E 3rd Ave	0.41mi	3/1.0 (-1)	1,377 (+15%)	1mo	$98,700	$72	50
309 Grant Ave	0.63mi	3/1.0 (-1)	1,254 (+4%)	11mo	$124,900	$100	49
716 E Hartzell Ave	0.35mi	3/1.5 (-1)	1,024 (-15%)	11mo	$109,900	$107	43
408 Bell Ave	0.71mi	3/2.0 (-1)	1,314 (+10%)	8mo	$122,000	$93	35

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: 97.2%
• Equity multiple: 5.53×
• Total profit: $49,469
• Equity at exit: $5,815

10-year hold

• IRR: 99.8%
• Equity multiple: 11.53×
• Total profit: $114,974
• Equity at exit: $3,372

Cash invested: $10,920 (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 16602

• Home prices YoY: -30.3%
• Active inventory: 151
• Price-to-rent: 2.2×

Monthly cashflow live

• Estimated rent: $1,450 medium
• Mortgage (P&I): −$205
• Tax est. 1.5%: −$49 /mo · $585/yr
• Insurance: −$16
• HOA: −$0
• Vacancy / Maint / Mgmt: −$304
• Net cashflow: $876

Break-even live

Break-even rent $341

Max offer price $39,000

Occupancy floor 35%

Sensitivity live

Price	-10% $903	-5% $889	+0% $876	+5% $862	+10% $849
Rent	-10% $761	-5% $818	+0% $876	+5% $933	+10% $990
Rate	-1.0pp $895	-0.5pp $886	base $876	+0.5pp $865	+1.0pp $855

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: $9,750
• Closing costs: $1,170
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1101 E Walton Ave Altoona, PA	2.0–3.0	1.0–1.5	975	$1,605	$1.65	45d	9	0.34mi
201 2nd Ave Unit 2nd Fl Altoona, PA	3.0	1.0	1244	$790	$0.64	45d	1	0.56mi

Listing history 16 events

1. 2026-06-21
   days on market $39,000 Active 22 DOM
2. 2026-06-19
   days on market $39,000 Active 20 DOM
3. 2026-06-18
   days on market $39,000 Active 19 DOM
4. 2026-06-17
   price $39,000 Active 18 DOM
5. 2026-06-17
   days on market $49,000 Active 18 DOM
6. 2026-06-16
   days on market $49,000 Active 17 DOM
7. 2026-06-15
   days on market $49,000 Active 16 DOM
8. 2026-06-14
   pricedays on market $49,000 Active 14 DOM
9. 2026-06-13
   pricedays on market $59,000 Active 13 DOM
10. 2026-06-10
    days on market $69,000 Active 11 DOM
11. 2026-06-09
    days on market $69,000 Active 10 DOM
12. 2026-06-08
    days on market $69,000 Active 9 DOM
13. 2026-06-07
    pricedays on market $69,000 Active 8 DOM
14. 2026-06-05
    days on market $89,000 Active 5 DOM
15. 2026-06-03
    remarks 534-char remark
16. 2026-06-03
    listed $89,000 Active 4 DOM

ⓘ 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 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥90°F today · 18 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: $17,394
• − Mortgage interest: −$2,185
• − Property taxes: −$585
• − Insurance: −$195
• − Repairs & maintenance: −$1,392
• − Management: −$1,392
• − Depreciation: −$1,135
• Taxable income: $10,512
• Est. tax owed @ 24.0%: −$2,523
• After-tax cash flow: $7,984/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 · 8 photos

Poor 20/100 Extensive rehab

This property requires extensive repairs and updates, including roof replacement, exterior repainting, kitchen and bathroom renovations, HVAC and mechanical system replacement, and landscaping and fencing repair. The home's poor condition and lack of updates significantly reduce its value, but it presents a great investment opportunity for investors looking to bring it back to life.

Repairs flagged

• Major roof replacement — The roof appears to be in poor condition, with visible damage and potential leaks.
• Major exterior repainting — The exterior brick is in poor condition, with visible cracks and discoloration.
• Major kitchen renovation — The kitchen appears to be in poor condition, with visible damage and potential mold.
• Major bathroom renovation — The bathrooms appear to be in poor condition, with visible damage and potential mold.
• Major HVAC and mechanical system replacement — The HVAC and mechanical systems appear to be in poor condition, with visible damage and potential leaks.
• Major landscaping and fencing repair — The landscaping and fencing appear to be in poor condition, with overgrown vegetation and potential safety hazards.

Value-add opportunities

• Resale roof replacement — A new roof will significantly improve the home's appearance and increase its resale value.
• Resale exterior repainting — A fresh coat of paint will improve the home's appearance and increase its resale value.
• Resale kitchen renovation — A modern kitchen will increase the home's appeal and increase its resale value.
• Resale bathroom renovation — Modern bathrooms will increase the home's appeal and increase its resale value.
• Resale HVAC and mechanical system replacement — A new HVAC and mechanical system will improve the home's comfort and increase its resale value.
• Resale landscaping and fencing repair — A well-maintained landscape and fencing will improve the home's curb appeal and increase its resale value.
• Resale interior wall repairs — Repairing the interior walls will improve the home's appearance and increase its resale value.
• Rental landscaping and fencing repair — A well-maintained landscape and fencing will improve the home's curb appeal and increase its rental value.
• Rental HVAC and mechanical system replacement — A new HVAC and mechanical system will improve the home's comfort and increase its rental value.
• Rental kitchen renovation — A modern kitchen will increase the home's appeal and increase its rental value.
• Rental bathroom renovation — Modern bathrooms will increase the home's appeal and increase its rental value.
• Rental roof replacement — A new roof will significantly improve the home's appearance and increase its rental value.
• Rental exterior repainting — A fresh coat of paint will improve the home's appearance and increase its rental value.
• Rental interior wall repairs — Repairing the interior walls will improve the home's appearance and increase its rental value.
• Rental landscaping and fencing repair — A well-maintained landscape and fencing will improve the home's curb appeal and increase its rental value.

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof replacement · The roof appears to be in poor condition, with visible damage and potential leaks.	Major	$15,000–50,000
exterior repainting · The exterior brick is in poor condition, with visible cracks and discoloration.	Major	$15,000–50,000
kitchen renovation · The kitchen appears to be in poor condition, with visible damage and potential mold.	Major	$15,000–50,000
bathroom renovation · The bathrooms appear to be in poor condition, with visible damage and potential mold.	Major	$15,000–50,000
HVAC and mechanical system replacement · The HVAC and mechanical systems appear to be in poor condition, with visible damage and potential leaks.	Major	$15,000–50,000
landscaping and fencing repair · The landscaping and fencing appear to be in poor condition, with overgrown vegetation and potential safety hazards.	Major	$15,000–50,000
Total estimated repair cost · 6 items		$90,000–300,000

Value-add ROI direction

• Resale roof replacement — A new roof will significantly improve the home's appearance and increase its resale value. ↑
• Resale exterior repainting — A fresh coat of paint will improve the home's appearance and increase its resale value. ↑
• Resale kitchen renovation — A modern kitchen will increase the home's appeal and increase its resale value. ↑
• Resale bathroom renovation — Modern bathrooms will increase the home's appeal and increase its resale value. ↑
• Resale HVAC and mechanical system replacement — A new HVAC and mechanical system will improve the home's comfort and increase its resale value. ↑
• Resale landscaping and fencing repair — A well-maintained landscape and fencing will improve the home's curb appeal and increase its resale value. ↑
• Resale interior wall repairs — Repairing the interior walls will improve the home's appearance and increase its resale value. ↑
• Rental landscaping and fencing repair — A well-maintained landscape and fencing will improve the home's curb appeal and increase its rental value. ↑
• Rental HVAC and mechanical system replacement — A new HVAC and mechanical system will improve the home's comfort and increase its rental value. ↑
• Rental kitchen renovation — A modern kitchen will increase the home's appeal and increase its rental value. ↑
• Rental bathroom renovation — Modern bathrooms will increase the home's appeal and increase its rental value. ↑
• Rental roof replacement — A new roof will significantly improve the home's appearance and increase its rental value. ↑
• Rental exterior repainting — A fresh coat of paint will improve the home's appearance and increase its rental value. ↑
• Rental interior wall repairs — Repairing the interior walls will improve the home's appearance and increase its rental value. ↑
• Rental landscaping and fencing repair — A well-maintained landscape and fencing will improve the home's curb appeal and increase its rental 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): 26,352
• Household income: $55,046
• Rent vs Own: 32.7% rent · 67.3% own
• Severe rent burden: 740.0

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 2%
• Common ancestry: Romanian 4% Lithuanian 1% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · 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: ▼ -92.37%
• Current HPI: 212.2268
• 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

1 event — show timeline

• 2026-05-30 Listed $89,000 BRIGHT MLS