123 Bell Ave · Altoona, PA 16602

$55,000

3 bd · 1.0 ba · 1,507 sqft · SingleFamily · 36 Days on market

Built 1930 Fair condition 5,227 sqft lot $36/sqft · 51% below area

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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 +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

This is a great opportunity for a fixer upper in Altoona. Nice 2.5 story home with a 2 car detached garage. The interior has been gutted and is ready to be rewired and insulated. The attic has heat and 2 rooms that could be living space. The attic is gutted. The gas forced air furnace is new and the gas hot water tank is newer as well. This house has central air. This is an opportunity for an investor or someone who would like to make a house their home just how they want it. 100 Amp breaker box in the basement. The electric and heat are on. The plumbing works, but is currently off. Great opportunity!

Key facts

• Interior gutted
• Attic heat
• Central air

Tags

• DETACHED GARAGE
• INTERIOR GUTTED
• ATTIC HEAT
• NEW GAS FURNACE
• CENTRAL AIR
• 100 AMP BREAKER BOX

Property features AI

Exterior

• Parking: 2-car garage
• Utilities: Public water
• Home design: Single family residence; Two levels; Fixer condition; Residential property
• Construction: Vinyl siding; Shingle roof
• Exterior features: Porch; Level lot

Interior

• Bedrooms: Total rooms: 10
• Flooring: Wood flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Natural gas heating; Cooling present
• Interior features: Insulated windows; Basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $55k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $414 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $55k).
• Recommended offer: $53k (3.0% below list) — sets the bar for market timing.
• Cap rate 15.3% 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: 151 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 99 units permitted in Blair County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $380 of loan paydown is wiped out by about $2k 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 $15k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($53k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $53,350 (3.0% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.83% ✓
• Cap rate: 15.32%
• Cash-on-cash: 32.23%
• DSCR: 2.43
• GRM: 4.6

CMA / ARV

• ARV (median comp): $111,668
• List price: $55,000
• Delta: -50.75%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
210 Crawford Ave	0.10mi	3/2.0	1,530 (+2%)	1mo	$145,000	$95	88
308 Crawford Ave	0.16mi	3/1.5	1,504 (-0%)	3mo	$103,000	$68	88
414 Grant Ave	0.26mi	3/1.0	1,518 (+1%)	2mo	$110,000	$72	85
215 7th Ave	0.47mi	3/1.0	1,548 (+3%)	3mo	$45,000	$29	71
224 E 3rd Ave	0.33mi	3/1.0	1,377 (-9%)	0mo	$98,700	$72	70
110 E Hudson Ave	0.23mi	3/2.0	1,710 (+14%)	2mo	$206,000	$120	61
125 E 4th Ave	0.32mi	3/1.5	1,708 (+13%)	0mo	$27,000	$16	60
412 E Logan Ave	0.37mi	3/1.5	1,302 (-14%)	1mo	$211,000	$162	57
818 Bell Ave	0.56mi	3/1.5	1,632 (+8%)	2mo	$135,000	$83	57
510 E Grant Ave	0.43mi	4/2.0 (+1)	1,643 (+9%)	1mo	$229,900	$140	56
711 E Bell Ave	0.59mi	2/2.0 (-1)	1,580 (+5%)	1mo	$166,000	$105	55
830 E Walton Ave	0.71mi	3/1.0	1,330 (-12%)	2mo	$157,900	$119	46

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: 27.3%
• Equity multiple: 2.13×
• Total profit: $17,444
• Equity at exit: $8,201

10-year hold

• IRR: 34.8%
• Equity multiple: 4.19×
• Total profit: $49,170
• Equity at exit: $4,755

Cash invested: $15,400 (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: 4.6×

Monthly cashflow live

• Estimated rent: $1,005 medium
• Mortgage (P&I): −$288
• Tax est. 1.5%: −$69 /mo · $825/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$211
• Net cashflow: $414

Break-even live

Break-even rent $481

Max offer price $55,000

Occupancy floor 54%

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: $13,750
• Closing costs: $1,650
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
201 2nd Ave Unit 2nd Fl Altoona, PA	3.0	1.0	1244	$790	$0.64	44d	1	0.17mi
1101 E Walton Ave Altoona, PA	2.0–3.0	1.0–1.5	975	$1,605	$1.65	44d	9	0.81mi
1102 17th Ave Altoona, PA	3.0	1.0	1430	$899	$0.63	44d	1	1.23mi
1326 14th Ave Altoona, PA	3.0	1.0	1600	$1,150	$0.72	44d	1	1.29mi

Listing history 18 events

1. 2026-06-19
   days on market $55,000 Active 36 DOM
2. 2026-06-18
   days on market $55,000 Active 35 DOM
3. 2026-06-17
   days on market $55,000 Active 34 DOM
4. 2026-06-16
   days on market $55,000 Active 33 DOM
5. 2026-06-15
   days on market $55,000 Active 32 DOM
6. 2026-06-14
   days on market $55,000 Active 30 DOM
7. 2026-06-13
   days on market $55,000 Active 29 DOM
8. 2026-06-10
   days on market $55,000 Active 27 DOM
9. 2026-06-09
   days on market $55,000 Active 26 DOM
10. 2026-06-08
    days on market $55,000 Active 25 DOM
11. 2026-06-07
    days on market $55,000 Active 24 DOM
12. 2026-06-05
    days on market $55,000 Active 21 DOM
13. 2026-06-03
    days on market $55,000 Active 20 DOM
14. 2026-06-02
    days on market $55,000 Active 19 DOM
15. 2026-06-01
    days on market $55,000 Active 18 DOM
16. 2026-05-31
    days on market $55,000 Active 17 DOM
17. 2026-05-30
    days on market $55,000 Active 16 DOM
18. 2026-05-14
    listed $55,000 Active 608-char remark

ⓘ 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 · 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: $12,056
• − Mortgage interest: −$3,081
• − Property taxes: −$825
• − Insurance: −$275
• − Repairs & maintenance: −$964
• − Management: −$964
• − Depreciation: −$1,600
• Taxable income: $4,346
• Est. tax owed @ 24.0%: −$1,043
• After-tax cash flow: $3,920/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 · 7 photos

Fair 45/100 Extensive rehab

This fixer-upper in Altoona requires extensive repairs and maintenance to bring it up to a livable condition. Significant improvements in exterior, roof, and landscaping will significantly enhance its value.

Repairs flagged

• Major siding — Severe weathering
• Major roof — Missing shingles
• Major deck — Worn and unstable
• Major landscaping — Overgrown lawn and unkempt yard

Value-add opportunities

• Both repair and paint exterior — Enhances curb appeal and value
• Both repair and replace roof — Critical safety and value improvement
• Both repair and replace deck — Improves safety and adds value
• Both landscape and maintain yard — Enhances curb appeal and value

Renovation cost estimate screening

Repair item	Severity	Est. cost
siding · Severe weathering	Major	$15,000–50,000
roof · Missing shingles	Major	$15,000–50,000
deck · Worn and unstable	Major	$15,000–50,000
landscaping · Overgrown lawn and unkempt yard	Major	$15,000–50,000
Total estimated repair cost · 4 items		$60,000–200,000

Value-add ROI direction

• Both repair and paint exterior — Enhances curb appeal and value ↑
• Both repair and replace roof — Critical safety and value improvement ↑
• Both repair and replace deck — Improves safety and adds value ↑
• Both landscape and maintain yard — Enhances curb appeal and 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

• 2026-05-14 Listed $55,000 AHARMLS