504 E Walton Ave · Altoona, PA 16602

$133,101

3 bd · 1.0 ba · 980 sqft · SingleFamily · 8 Days on market

Built 1957 Average condition 6,098 sqft lot $136/sqft · 11% below area Est $150k · 11% under

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Why this score? — see what drove the C+ 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 +22.3/30.0
• ARV discount +12.6/15.0
• DSCR +7.2/10.0
• 1% rule +5.8/10.0
• 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

Sweet one story in popular residential area. Off street parking.

Key facts

• Large backyard
• Thermopane windows
• Central air

Tags

• ORIGINAL HARDWOOD FLOORS
• THERMOPANE WINDOWS
• CENTRAL AIR
• FORCED-AIR NATURAL GAS HEAT
• LARGE BACKYARD
• OFF-STREET PARKING

Property features AI

Finance

• Other: No lease considered; Pets allowed with no restrictions

Exterior

• Parking: 3 off-street parking spaces; Asphalt driveway
• Utilities: Public water; Public septic; Electric cooling; Natural gas for heating and hot water
• Home design: Detached structure; Shingle roof; Fee simple ownership
• Construction: Block construction; Block foundation; Building not winterized; Estimated year built
• Exterior features: Not in a federal flood zone; Above-grade and below-grade structures noted; Ground rent paid annually

Interior

• Bedrooms: 3 bedrooms on the main level
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Forced air heating (natural gas); Central air conditioning (electric); Natural gas hot water
• Interior features: Full basement; Estimated living area

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $133k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $220 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $133k).
• Cap rate 8.3% 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; 3 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).
• This rent runs 31% 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 $920 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.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 15y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $87k; list at $133k implies a 53% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $133,101

Questions for the listing agent

1. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.08% ✓
• Cap rate: 8.28%
• Cash-on-cash: 7.09%
• DSCR: 1.32
• GRM: 7.7

CMA / ARV

• ARV (median comp): $150,157
• List price: $133,101
• Delta: -11.36%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
809 E Hudson Ave	0.35mi	2/2.0 (-1)	962 (-2%)	8mo	$146,000	$152	65
821 E Caroline Ave	0.41mi	3/1.0	1,080 (+10%)	2mo	$140,000	$130	63
716 E Hartzell Ave	0.41mi	3/1.5	1,024 (+4%)	11mo	$109,900	$107	62
625 E Atlantic Ave	0.36mi	2/1.5 (-1)	1,016 (+4%)	13mo	$175,000	$172	59
323 E Blair Ave	0.49mi	2/1.0 (-1)	1,032 (+5%)	6mo	$155,000	$150	58
130 Caroline Ave	0.48mi	3/2.0	1,084 (+11%)	13mo	$132,000	$122	45
422 Caroline Ave	0.72mi	3/1.5	936 (-4%)	23mo	$157,000	$168	38
126 Hudson Ave	0.46mi	3/2.0	1,120 (+14%)	20mo	$157,000	$140	34
1115 Rosehill Dr Dr	0.71mi	2/1.0 (-1)	839 (-14%)	24mo	$139,000	$166	18

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: -5.4%
• Equity multiple: 0.80×
• Total profit: $-7,524
• Equity at exit: $19,846

10-year hold

• IRR: 4.3%
• Equity multiple: 1.31×
• Total profit: $11,593
• Equity at exit: $11,508

Cash invested: $37,268 (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: 7.7×

Monthly cashflow live

• Estimated rent: $1,443 medium
• Mortgage (P&I): −$698
• Tax est. 1.5%: −$166 /mo · $1,997/yr
• Insurance: −$55
• HOA: −$0
• Vacancy / Maint / Mgmt: −$303
• Net cashflow: $220

Break-even live

Break-even rent $1,164

Max offer price $133,101

Occupancy floor 80%

Sensitivity live

Price	-10% $312	-5% $266	+0% $220	+5% $174	+10% $128
Rent	-10% $106	-5% $163	+0% $220	+5% $277	+10% $334
Rate	-1.0pp $287	-0.5pp $254	base $220	+0.5pp $186	+1.0pp $151

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: $33,275
• Closing costs: $3,993
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
115 Crawford Ave Unit A Altoona, PA	2.0	1.0	650	$1,450	$2.23	44d	1	0.39mi
1101 E Walton Ave Altoona, PA	2.0–3.0	1.0–1.5	975	$1,605	$1.65	44d	9	0.43mi
315 10th St Unit Rear- 1st Fl Altoona, PA	2.0	1.0	800	$1,100	$1.38	44d	1	1.10mi

Listing history 11 events

1. 2026-05-06
   status Pending 852-char remark
2. 2026-04-28
   listed $133,101 Active 852-char remark
3. 2019-06-26
   soldstatus $87,000

   Show marketing remark (64 chars)

   Sweet one story in popular residential area. Off street parking.

4. 2019-05-06
   listed $89,900

   Show marketing remark (64 chars)

   Sweet one story in popular residential area. Off street parking.

5. 2018-09-28
   soldstatus $81,000
6. 2018-08-23
   listed $84,900
7. 2016-04-29
   soldstatus $75,000
8. 2015-09-30
   listed $75,000
9. 2014-09-14
   listed $85,000
10. 2011-05-29
    soldstatus $48,500
11. 2011-02-07
    listed $52,900

ⓘ 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 3/10 Moderate
• 🌡 Heat 4/10 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: $17,316
• − Mortgage interest: −$7,456
• − Property taxes: −$1,997
• − Insurance: −$666
• − Repairs & maintenance: −$1,385
• − Management: −$1,385
• − Depreciation: −$3,872
• Taxable income: $556
• Est. tax owed @ 24.0%: −$133
• After-tax cash flow: $2,509/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 · 13 photos

Average 55/100 Moderate rehab

The home is in average condition with some minor repairs and maintenance needed. It has a moderate level of renovation depth and could benefit from some updates to increase its value.

Repairs flagged

• Minor Paint — The paint on the interior walls appears to be in good condition.
• Minor Landscaping — The landscaping appears to be maintained, but could benefit from some additional care.

Value-add opportunities

• Resale Paint the interior walls and trim — Painting the interior walls and trim can improve the overall appearance of the home and make it more appealing to potential buyers.
• Rental Landscaping — A well-maintained yard can increase the rental value of the property by making it more attractive to potential tenants.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Paint · The paint on the interior walls appears to be in good condition.	Minor	$500–3,000
Landscaping · The landscaping appears to be maintained, but could benefit from some additional care.	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Resale Paint the interior walls and trim — Painting the interior walls and trim can improve the overall appearance of the home and make it more appealing to potential buyers. ↑
• Rental Landscaping — A well-maintained yard can increase the rental value of the property by making it more attractive to potential tenants. ↑

ⓘ 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

+151.6% since first listed

11 events — show timeline

• 2026-05-06 Pending — BRIGHT MLS
• 2026-04-28 Listed $133,101 BRIGHT MLS
• 2019-06-26 Sold (MLS) $87,000 AHARMLS
• 2019-05-06 Listed $89,900 AHARMLS
• 2018-09-28 Sold (MLS) $81,000 AHARMLS
• 2018-08-23 Listed $84,900 AHARMLS
• 2016-04-29 Sold (MLS) $75,000 AHARMLS
• 2015-09-30 Listed $75,000 AHARMLS
• 2014-09-14 Listed $85,000 AHARMLS
• 2011-05-29 Sold (MLS) $48,500 AHARMLS
• 2011-02-07 Listed $52,900 AHARMLS