516 Crawford Ave · Altoona, PA 16602

$69,900

2 bd · 1.0 ba · 1,344 sqft · SingleFamily · 119 Days on market

Built 1930 3,049 sqft lot $52/sqft · 22% below area Est $90k · 22% 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.1/10.0
• Livability +4.0/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Quaint and affordable Altoona home for sale! On the first floor you will find a large living room and an eat in kitchen. There is brand new carpeting throughout the home! There is also an enclosed front AND back porch! The house is set back from the street just a bit, giving you the perfect opportunity for the cutest front garden you could dream of. Upstairs, you will find two bedrooms, one bath, and a bonus area. The attic can be used for additional storage. Out back is a carport for an off-street parking opportunity! Don't wait, this cutie is priced to sell!

Key facts

• Enclosed back porch
• Eat in kitchen
• Large living room

Tags

• LARGE LIVING ROOM
• EAT IN KITCHEN
• ENCLOSED FRONT PORCH
• ENCLOSED BACK PORCH
• BONUS AREA
• ATTIC FOR STORAGE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $289 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($986 rent vs $70k).
• Recommended offer: $64k (9.0% below list) — sets the bar for market timing.
• Cap rate 11.3% 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; 6 comparable units currently listed for rent nearby; rentals lingering (median 45d 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 $483 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 $20k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 119 days — a 9% lower offer ($64k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 13y ago; this cycle's ask has dropped $20k (22%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $32k; list at $70k implies a 118% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $63,609 (9.0% below list)

Questions for the listing agent

1. It's been on market 119 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1930 — 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: 1.41% ✓
• Cap rate: 11.26%
• Cash-on-cash: 17.74%
• DSCR: 1.79
• GRM: 5.9

CMA / ARV

• ARV (median comp): $89,769
• List price: $69,900
• Delta: -22.13%
• 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
112 Pearl St	0.28mi	2/1.0	1,497 (+11%)	4mo	$89,900	$60	65
224 E 3rd Ave	0.57mi	3/1.0 (+1)	1,377 (+2%)	0mo	$98,700	$72	64
705 2nd Ave	0.15mi	3/1.5 (+1)	1,503 (+12%)	4mo	$70,000	$47	63
414 Grant Ave	0.20mi	3/1.0 (+1)	1,518 (+13%)	2mo	$110,000	$72	63
308 Crawford Ave	0.20mi	3/1.5 (+1)	1,504 (+12%)	3mo	$103,000	$68	61
224 Hudson Ave	0.37mi	3/1.0 (+1)	1,200 (-11%)	2mo	$170,000	$142	58
1313 Grant Ave	0.62mi	3/2.0 (+1)	1,371 (+2%)	1mo	$245,000	$179	58
210 Crawford Ave	0.28mi	3/2.0 (+1)	1,530 (+14%)	1mo	$145,000	$95	54
412 E Logan Ave	0.72mi	3/1.5 (+1)	1,302 (-3%)	1mo	$211,000	$162	53
921 6th Ave	0.44mi	3/1.0 (+1)	1,172 (-13%)	1mo	$13,000	$11	52
409 2nd St	0.39mi	3/1.0 (+1)	1,148 (-15%)	1mo	$12,500	$11	51
1018 S 10th St	0.64mi	3/1.0 (+1)	1,176 (-12%)	3mo	$131,900	$112	42

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: 9.2%
• Equity multiple: 1.36×
• Total profit: $7,123
• Equity at exit: $10,422

10-year hold

• IRR: 18.4%
• Equity multiple: 2.53×
• Total profit: $30,011
• Equity at exit: $6,044

Cash invested: $19,572 (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: 5.9×

Monthly cashflow live

• Estimated rent: $986 high
• Mortgage (P&I): −$367
• Tax from tax record: −$94 /mo · $1,123/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$207
• Net cashflow: $289

Break-even live

Break-even rent $619

Max offer price $69,900

Occupancy floor 66%

Sensitivity live

Price	-10% $329	-5% $309	+0% $289	+5% $270	+10% $250
Rent	-10% $212	-5% $250	+0% $289	+5% $328	+10% $367
Rate	-1.0pp $325	-0.5pp $307	base $289	+0.5pp $271	+1.0pp $253

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Rent comps 6 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	0.34mi
1326 14th Ave Altoona, PA	3.0	1.0	1600	$1,150	$0.72	44d	1	1.02mi
1102 17th Ave Altoona, PA	3.0	1.0	1430	$899	$0.63	44d	1	1.04mi
1101 E Walton Ave Altoona, PA	2.0–3.0	1.0–1.5	975	$1,277	$1.31	44d	9	1.19mi
2015 12th Ave Altoona, PA	3.0	1.0	1600	$1,200	$0.75	44d	1	1.38mi
1489 Washington Ave Altoona, PA	3.0	1.5	1050	$850	$0.81	44d	1	1.40mi

Listing history 17 events

1. 2026-06-08
   days on market $69,900 Active 119 DOM
2. 2026-06-07
   days on market $69,900 Active 118 DOM
3. 2026-06-05
   days on market $69,900 Active 115 DOM
4. 2026-06-03
   days on market $69,900 Active 114 DOM
5. 2026-06-02
   days on market $69,900 Active 113 DOM
6. 2026-06-01
   days on market $69,900 Active 112 DOM
7. 2026-05-31
   days on market $69,900 Active 111 DOM
8. 2026-05-30
   days on market $69,900 Active 110 DOM
9. 2026-04-27
   price $69,900 566-char remark

   Show marketing remark (566 chars)

   Quaint and affordable Altoona home for sale! On the first floor you will find a large living room and an eat in kitchen. There is brand new carpeting throughout the home! There is also an enclosed front AND back porch! The house is set back from the street just a bit, giving you the perfect opportunity for the cutest front garden you could dream of. Upstairs, you will find two bedrooms, one bath, and a bonus area. The attic can be used for additional storage. Out back is a carport for an off-street parking opportunity! Don't wait, this cutie is priced to sell!

10. 2026-03-16
    price $74,900 566-char remark

    Show marketing remark (566 chars)

    Quaint and affordable Altoona home for sale! On the first floor you will find a large living room and an eat in kitchen. There is brand new carpeting throughout the home! There is also an enclosed front AND back porch! The house is set back from the street just a bit, giving you the perfect opportunity for the cutest front garden you could dream of. Upstairs, you will find two bedrooms, one bath, and a bonus area. The attic can be used for additional storage. Out back is a carport for an off-street parking opportunity! Don't wait, this cutie is priced to sell!

11. 2026-02-24
    price $79,900 566-char remark

    Show marketing remark (566 chars)

    Quaint and affordable Altoona home for sale! On the first floor you will find a large living room and an eat in kitchen. There is brand new carpeting throughout the home! There is also an enclosed front AND back porch! The house is set back from the street just a bit, giving you the perfect opportunity for the cutest front garden you could dream of. Upstairs, you will find two bedrooms, one bath, and a bonus area. The attic can be used for additional storage. Out back is a carport for an off-street parking opportunity! Don't wait, this cutie is priced to sell!

12. 2026-02-09
    listed $89,900 Active 566-char remark

    Show marketing remark (566 chars)

    Quaint and affordable Altoona home for sale! On the first floor you will find a large living room and an eat in kitchen. There is brand new carpeting throughout the home! There is also an enclosed front AND back porch! The house is set back from the street just a bit, giving you the perfect opportunity for the cutest front garden you could dream of. Upstairs, you will find two bedrooms, one bath, and a bonus area. The attic can be used for additional storage. Out back is a carport for an off-street parking opportunity! Don't wait, this cutie is priced to sell!

13. 2015-10-23
    soldstatus $32,000 106-char remark

    Show marketing remark (106 chars)

    Clean 2-3 bedroom home. Offers newer carpets, newer roof, 1.5 carport. Large eat in kitchen. Just move in!

14. 2015-09-22
    listed $37,900 106-char remark

    Show marketing remark (106 chars)

    Clean 2-3 bedroom home. Offers newer carpets, newer roof, 1.5 carport. Large eat in kitchen. Just move in!

15. 2013-07-31
    soldstatus $34,650
16. 2013-07-26
    soldstatus $34,650
17. 2013-01-21
    listed $34,900

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

Tax reassessment forecast PA · Partial reset (capped growth)

• Current annual tax: $1,123 · $94/mo
• Projected year-2 tax: $1,123 · $94/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

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: $11,828
• − Mortgage interest: −$3,915
• − Property taxes: −$1,123
• − Insurance: −$350
• − Repairs & maintenance: −$946
• − Management: −$946
• − Depreciation: −$2,033
• Taxable income: $2,514
• Est. tax owed @ 24.0%: −$603
• After-tax cash flow: $2,869/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.

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

+100.3% since first listed

9 events — show timeline

• 2026-04-27 Price Changed $69,900 AHARMLS
• 2026-03-16 Price Changed $74,900 AHARMLS
• 2026-02-24 Price Changed $79,900 AHARMLS
• 2026-02-09 Listed $89,900 AHARMLS
• 2015-10-23 Sold (MLS) $32,000 AHARMLS
• 2015-09-22 Listed $37,900 AHARMLS
• 2013-07-31 Sold (Public Records) $34,650 Public Records
• 2013-07-26 Sold (MLS) $34,650 AHARMLS
• 2013-01-21 Listed $34,900 AHARMLS

Property tax history

-2.5%/yr

Latest (2025): $1,123 · +13.0% YoY. Source: county tax records.