2400 7th Ave · Altoona, PA 16602

$90,000

2 bd · 2.0 ba · 1,440 sqft · SingleFamily · 14 Days on market

Built 1970 1,306 sqft lot $62/sqft · 80% above area

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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 +27.4/30.0
• DSCR +9.6/10.0
• ARV discount +7.5/15.0
• 1% rule +6.6/10.0
• 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

Zoned Commercial - Remodeled and move in ready 3 bedroom home. New roof, replacement windows, vinyl siding. The walk up attic can be opened up to possibly accommodate two more bedrooms. Also zoned commercial and can be used for a business.

Key facts

• Inviting front porch
• Fenced backyard
• Corner lot

Tags

• CORNER LOT
• SPACIOUS LIVING ROOM
• FENCED BACKYARD
• INVITING FRONT PORCH

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

Interior

• Kitchen: Range; Refrigerator
• Flooring: Laminate; Vinyl; Carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Baseboard heating; Electric heating; Forced air heating; Natural gas heating
• Interior features: Insulated windows; Basement

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $197 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Cap rate 9.8% 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; 5 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 $622 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 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 9y 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 $35k; list at $90k implies a 157% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $90,000

Questions for the listing agent

1. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.16% ✓
• Cap rate: 9.81%
• Cash-on-cash: 12.56%
• DSCR: 1.56
• GRM: 7.2

CMA / ARV

• ARV (median comp): $49,901
• List price: $90,000
• Delta: 80.36%
• 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
2619 Union Ave	0.29mi	3/2.0 (+1)	1,389 (-4%)	6mo	$139,900	$101	70
2710 7th Ave	0.28mi	3/1.0 (+1)	1,400 (-3%)	3mo	$125,000	$89	70
2400 Crawford Ave	0.37mi	2/1.0	1,316 (-9%)	1mo	$95,000	$72	64
2306 5th Ave	0.13mi	3/1.0 (+1)	1,602 (+11%)	3mo	$122,900	$77	64
2627 Oak Ave	0.47mi	3/1.5 (+1)	1,320 (-8%)	0mo	$144,900	$110	57
1518 1st Ave	0.65mi	2/1.0	1,350 (-6%)	3mo	$116,400	$86	53
1919 5th Ave	0.33mi	3/1.0 (+1)	1,260 (-12%)	3mo	$38,000	$30	52
939 29th St	0.64mi	3/1.0 (+1)	1,494 (+4%)	5mo	$108,000	$72	51
2817 Oak Ave	0.56mi	3/1.0 (+1)	1,328 (-8%)	6mo	$136,000	$102	47
2015 12th Ave	0.61mi	3/1.0 (+1)	1,309 (-9%)	5mo	$80,000	$61	44
1828 Grant Ave	0.65mi	3/1.5 (+1)	1,242 (-14%)	6mo	$151,000	$122	34
1603 Walton Ave	0.71mi	3/1.5 (+1)	1,632 (+13%)	4mo	$148,000	$91	34

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: -2.1%
• Equity multiple: 0.92×
• Total profit: $-2,000
• Equity at exit: $13,419

10-year hold

• IRR: 7.6%
• Equity multiple: 1.58×
• Total profit: $14,516
• Equity at exit: $7,782

Cash invested: $25,200 (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: 7.2×

Monthly cashflow live

• Estimated rent: $1,045 high
• Mortgage (P&I): −$472
• Tax from tax record: −$53 /mo · $630/yr
• Insurance: −$38
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$219
• Net cashflow: $197

Break-even live

Break-even rent $796

Max offer price $90,000

Occupancy floor 76%

Sensitivity live

Price	-10% $248	-5% $223	+0% $197	+5% $172	+10% $146
Rent	-10% $115	-5% $156	+0% $197	+5% $239	+10% $280
Rate	-1.0pp $243	-0.5pp $220	base $197	+0.5pp $174	+1.0pp $150

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: $22,500
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2015 12th Ave Altoona, PA	3.0	1.0	1600	$1,200	$0.75	45d	1	0.61mi
1489 Washington Ave Altoona, PA	3.0	1.5	1050	$850	$0.81	45d	1	0.93mi
1326 14th Ave Altoona, PA	3.0	1.0	1600	$1,150	$0.72	45d	1	0.94mi
3925 Burgoon Rd Altoona, PA	3.0	1.0	1500	$895	$0.60	45d	1	1.16mi
1102 17th Ave Altoona, PA	3.0	1.0	1430	$899	$0.63	45d	1	1.22mi

Listing history 5 events

1. 2026-05-15
   listed $90,000 Active 382-char remark
2. 2020-04-21
   soldstatus $35,000
3. 2017-11-13
   soldstatus $37,500 239-char remark

   Show marketing remark (239 chars)

   Zoned Commercial - Remodeled and move in ready 3 bedroom home. New roof, replacement windows, vinyl siding. The walk up attic can be opened up to possibly accommodate two more bedrooms. Also zoned commercial and can be used for a business.

4. 2017-09-21
   listed $49,000 239-char remark

   Show marketing remark (239 chars)

   Zoned Commercial - Remodeled and move in ready 3 bedroom home. New roof, replacement windows, vinyl siding. The walk up attic can be opened up to possibly accommodate two more bedrooms. Also zoned commercial and can be used for a business.

5. 1990-05-01
   soldstatus $5,000

ⓘ 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: $630 · $53/mo
• Projected year-2 tax: $1,026 · $86/mo
• Expected delta: +$396/yr (+$33/mo · 62.8%)

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

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥95°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: $12,543
• − Mortgage interest: −$5,041
• − Property taxes: −$630
• − Insurance: −$1,248
• − Repairs & maintenance: −$1,003
• − Management: −$1,003
• − Depreciation: −$2,618
• Taxable income: $998
• Est. tax owed @ 24.0%: −$240
• After-tax cash flow: $2,128/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

+1700.0% since first listed

6 events — show timeline

• 2026-05-29 Pending — AHARMLS
• 2026-05-15 Listed $90,000 AHARMLS
• 2020-04-21 Sold (Public Records) $35,000 Public Records
• 2017-11-13 Sold (MLS) $37,500 AHARMLS
• 2017-09-21 Listed $49,000 AHARMLS
• 1990-05-01 Sold (Public Records) $5,000 Public Records

Property tax history

-7.7%/yr

Latest (2025): $630 · +13.0% YoY. Source: county tax records.