105 1st Ave · Altoona, PA 16602

$109,900

4 bd · 1.5 ba · 1,795 sqft · SingleFamily · 6 Days on market

Built 1901 3,049 sqft lot $61/sqft · 36% above area Est $81k · 36% over

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Why this score? — see what drove the D 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 +20.5/30.0
• DSCR +6.5/10.0
• 1% rule +4.8/10.0
• Livability +4.0/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Rest easy, knowing the heavy lifting was done! This home boasts new vinyl siding, gutters, and downspouts, a brand-new Carrier furnace (installed 2026), a crisp, new paved sidewalk and updated kitchen and bathroom. This large 4-5 bedroom residence combines modern peace of mind with versatile living spaces. Step inside to find a fully remodeled kitchen featuring newer appliances, ready for your first home-cooked meal. The main level offers the convenience of a primary bedroom and a half bath, perfect for those seeking easy accessibility. Enjoy your morning coffee on any of the three charming porches or retreat to the private, level backyard--an ideal canvas for gardening, play, or entertaini

Key facts

• New paved sidewalk
• New downspouts
• Remodeled kitchen

Tags

• NEW VINYL SIDING
• NEW GUTTERS
• NEW DOWNSPOUTS
• NEW PAVED SIDEWALK
• REMODELED KITCHEN
• NEWER APPLIANCES

Property features AI

Exterior

• Utilities: Public water
• Home design: Single family residence; Two levels
• Construction: Vinyl siding; Shingle roof
• Exterior features: Porch; Fenced yard; Level lot; Shed(s)

Interior

• Kitchen: Dishwasher; Range; Refrigerator
• Flooring: Vinyl flooring; Carpet
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced air heating (natural gas); Ceiling fan cooling
• Interior features: Fireplace (2 total); Basement
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $144 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $107k (2.2% below list).
• Recommended offer: $107k (2.2% below list) — sets the bar for 1% rule.
• Cap rate 7.9% 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.
• Zoned schools: Altoona Area Jr Hs (math 21% / reading 45%, grade F, #346 of 512 statewide, top 69%, 1,727 students, 71% FRL) — zoned schools average 71% FRL vs 54% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 151 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 46d 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 $760 of loan paydown is wiped out by about $3k 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 6 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1901 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $107,441 (2.2% below list)

Questions for the listing agent

1. Built in 1901 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.98% ✗
• Cap rate: 7.86%
• Cash-on-cash: 5.61%
• DSCR: 1.25
• GRM: 8.5

CMA / ARV

• ARV (median comp): $80,890
• List price: $109,900
• Delta: 35.86%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
105 1st Ave	0.00mi	4/1.5	1,795 (0%)	0mo	$109,900	$61	100
312 E Walton Ave	0.26mi	4/1.5	1,785 (-1%)	1mo	$115,000	$64	86
123 2nd Ave	0.07mi	3/2.0 (-1)	1,853 (+3%)	2mo	$85,000	$46	82
125 E 4th Ave	0.19mi	3/1.5 (-1)	1,708 (-5%)	1mo	$27,000	$16	78
215 Logan Blvd	0.32mi	3/1.5 (-1)	1,768 (-2%)	2mo	$200,000	$113	76
604 1st Ave	0.43mi	4/1.0	1,746 (-3%)	0mo	$80,000	$46	73
616 E Crawford	0.48mi	3/1.5 (-1)	1,786 (-0%)	3mo	$163,750	$92	69
508-512 5th Ave	0.44mi	3/1.0 (-1)	1,755 (-2%)	2mo	$75,000	$43	68
110 E Hudson Ave	0.33mi	3/2.0 (-1)	1,710 (-5%)	2mo	$206,000	$120	68
510 E Grant Ave	0.43mi	4/2.0	1,643 (-8%)	1mo	$229,900	$140	63
210 Crawford Ave	0.11mi	3/2.0 (-1)	1,530 (-15%)	1mo	$145,000	$95	63
818 Bell Ave	0.61mi	3/1.5 (-1)	1,632 (-9%)	2mo	$135,000	$83	50

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: -7.6%
• Equity multiple: 0.72×
• Total profit: $-8,661
• Equity at exit: $16,386

10-year hold

• IRR: 1.9%
• Equity multiple: 1.14×
• Total profit: $4,189
• Equity at exit: $9,502

Cash invested: $30,772 (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: 8.5×

Monthly cashflow live

• Estimated rent: $1,074 medium
• Mortgage (P&I): −$576
• Tax from tax record: −$83 /mo · $993/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$226
• Net cashflow: $144

Break-even live

Break-even rent $892

Max offer price $109,900

Occupancy floor 82%

Sensitivity live

Price	-10% $206	-5% $175	+0% $144	+5% $113	+10% $82
Rent	-10% $59	-5% $101	+0% $144	+5% $186	+10% $229
Rate	-1.0pp $199	-0.5pp $172	base $144	+0.5pp $115	+1.0pp $86

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: $27,475
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

Rent comps 3 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	45d	1	0.11mi
1102 17th Ave Altoona, PA	3.0	1.0	1430	$899	$0.63	45d	1	1.18mi
1326 14th Ave Altoona, PA	3.0	1.0	1600	$1,150	$0.72	45d	1	1.25mi

Listing history 3 events

1. 2026-05-04
   status Pending 1040-char remark
2. 2026-04-28
   listed $109,900 Active 1040-char remark
3. 1986-03-01
   soldstatus $24,900

ⓘ 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: $993 · $83/mo
• Projected year-2 tax: $1,365 · $114/mo
• Expected delta: +$372/yr (+$31/mo · 37.4%)

ⓘ 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 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: $12,893
• − Mortgage interest: −$6,156
• − Property taxes: −$993
• − Insurance: −$550
• − Repairs & maintenance: −$1,031
• − Management: −$1,031
• − Depreciation: −$3,197
• Taxable loss: −$66
• Est. tax savings @ 24.0%: +$16
• After-tax cash flow: $1,743/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

+341.4% since first listed

5 events — show timeline

• 2026-06-08 Sold (Public Records) $109,900 Public Records
• 2026-06-08 Sold (MLS) $109,900 AHARMLS
• 2026-05-04 Pending — AHARMLS
• 2026-04-28 Listed $109,900 AHARMLS
• 1986-03-01 Sold (Public Records) $24,900 Public Records

Property tax history

-7.2%/yr

Latest (2025): $993 · +13.0% YoY. Source: county tax records.