217 E Walnut Ave · Altoona, PA 16601

$72,500

3 bd · 1.0 ba · 1,400 sqft · SingleFamily · 85 Days on market

Built 1925 3,049 sqft lot $52/sqft · at area comps Est $72k · at est.

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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
• DSCR +10.0/10.0
• 1% rule +9.1/10.0
• ARV discount +7.2/15.0
• 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

This 3 Br home is a great starter or one to add to an investor portfolio. Well kept and up to date. New windows throughout modern kitchen and trex decking. Attic is walk up for storage or possible bonus room. PRIOR BUYER just caghnged mind no inspection or appraisal was done

Key facts

• Attic storage
• Trex decking
• Modern kitchen

Tags

• NEW WINDOWS
• MODERN KITCHEN
• TREX DECKING
• ATTIC STORAGE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $72k.

Deal economics

• At list price, monthly cash flow is $304 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $72k).
• Recommended offer: $68k (6.0% 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: 186 active listings in the ZIP; 11 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 $501 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 85 days — a 6% lower offer ($68k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago; this cycle's ask has dropped $8k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $12k; list at $72k implies a 480% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $68,150 (6.0% below list)

Questions for the listing agent

1. It's been on market 85 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — 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: 11.33%
• Cash-on-cash: 17.99%
• DSCR: 1.80
• GRM: 5.9

CMA / ARV

• ARV (median comp): $72,028
• List price: $72,500
• Delta: 0.66%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
224 E 3rd Ave	0.64mi	3/1.0	1,377 (-2%)	0mo	$98,700	$72	67
229 21st Ave	0.50mi	3/1.0	1,328 (-5%)	2mo	$36,500	$27	67
111 W 14th Ave	0.60mi	3/1.0	1,376 (-2%)	11mo	$64,500	$47	60
215 7th Ave	0.50mi	3/1.0	1,548 (+11%)	3mo	$45,000	$29	57
322 Beech Ave	0.44mi	3/1.5	1,560 (+11%)	3mo	$62,000	$40	56
2309 1st St	0.57mi	4/1.5 (+1)	1,496 (+7%)	1mo	$147,100	$98	54
1111 N 4th St	0.74mi	3/1.0	1,456 (+4%)	7mo	$25,000	$17	53
412 Spruce Ave	0.46mi	3/2.0	1,534 (+10%)	7mo	$88,000	$57	53
1107 N 3rd St	0.66mi	3/1.0	1,242 (-11%)	1mo	$70,000	$56	49
1304 N 2nd St	0.67mi	3/1.0	1,554 (+11%)	3mo	$33,000	$21	48
316 3rd Ave	0.73mi	3/1.0	1,512 (+8%)	7mo	$40,000	$26	47
313 N 12th Ave	0.73mi	3/2.0	1,458 (+4%)	11mo	$140,000	$96	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: 9.6%
• Equity multiple: 1.38×
• Total profit: $7,647
• Equity at exit: $10,810

10-year hold

• IRR: 18.7%
• Equity multiple: 2.56×
• Total profit: $31,680
• Equity at exit: $6,268

Cash invested: $20,300 (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 16601

• Home prices YoY: -24.9%
• Active inventory: 186
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,022 high
• Mortgage (P&I): −$380
• Tax from tax record: −$93 /mo · $1,112/yr
• Insurance: −$30
• HOA: −$0
• Vacancy / Maint / Mgmt: −$215
• Net cashflow: $304

Break-even live

Break-even rent $637

Max offer price $72,500

Occupancy floor 65%

Sensitivity live

Price	-10% $345	-5% $325	+0% $304	+5% $284	+10% $263
Rent	-10% $224	-5% $264	+0% $304	+5% $345	+10% $385
Rate	-1.0pp $341	-0.5pp $323	base $304	+0.5pp $285	+1.0pp $266

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: $18,125
• Closing costs: $2,175
• Reserves months: —
• Total cash needed: —

Rent comps 11 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	0.74mi
1102 17th Ave Altoona, PA	3.0	1.0	1430	$899	$0.63	44d	1	0.79mi
100 College Park Dr Altoona, PA	2.0	2.0	940	$975	$1.04	44d	1	0.80mi
200 College Park Dr Altoona, PA	2.0	2.0	940	$975	$1.04	44d	1	0.83mi
212 College Park Dr Altoona, PA	2.0	2.0	950	$975	$1.03	44d	2	0.87mi
300 College Park Dr Altoona, PA	2.0	2.0	940	$975	$1.04	44d	1	0.87mi
400 College Park Dr Altoona, PA	2.0	2.0	940	$975	$1.04	44d	1	0.91mi
2708 Wehnwood Rd Altoona, PA	1.0–4.0	1.0–1.5	960	$967	$1.01	44d	5	0.98mi
1326 14th Ave Altoona, PA	3.0	1.0	1600	$1,150	$0.72	44d	1	1.02mi
1101 E Walton Ave Altoona, PA	2.0–3.0	1.0–1.5	975	$1,605	$1.65	44d	9	1.17mi
1489 Washington Ave Altoona, PA	3.0	1.5	1050	$850	$0.81	44d	1	1.34mi

Listing history 41 events

1. 2026-06-19
   days on market $72,500 Active 85 DOM
2. 2026-06-18
   days on market $72,500 Active 84 DOM
3. 2026-06-17
   days on market $72,500 Active 83 DOM
4. 2026-06-16
   days on market $72,500 Active 82 DOM
5. 2026-06-15
   days on market $72,500 Active 81 DOM
6. 2026-06-14
   days on market $72,500 Active 79 DOM
7. 2026-06-13
   days on market $72,500 Active 78 DOM
8. 2026-06-10
   days on market $72,500 Active 76 DOM
9. 2026-06-09
   days on market $72,500 Active 75 DOM
10. 2026-06-08
    days on market $72,500 Active 74 DOM
11. 2026-06-07
    days on market $72,500 Active 73 DOM
12. 2026-06-05
    days on market $72,500 Active 70 DOM
13. 2026-06-03
    days on market $72,500 Active 69 DOM
14. 2026-06-02
    days on market $72,500 Active 68 DOM
15. 2026-06-01
    days on market $72,500 Active 67 DOM
16. 2026-05-31
    days on market $72,500 Active 66 DOM
17. 2026-05-30
    days on market $72,500 Active 65 DOM
18. 2026-05-08
    status Active 275-char remark

    Show marketing remark (275 chars)

    This 3 Br home is a great starter or one to add to an investor portfolio. Well kept and up to date. New windows throughout modern kitchen and trex decking. Attic is walk up for storage or possible bonus room. PRIOR BUYER just caghnged mind no inspection or appraisal was done

19. 2026-04-26
    status Pending 275-char remark

    Show marketing remark (275 chars)

    This 3 Br home is a great starter or one to add to an investor portfolio. Well kept and up to date. New windows throughout modern kitchen and trex decking. Attic is walk up for storage or possible bonus room. PRIOR BUYER just caghnged mind no inspection or appraisal was done

20. 2026-04-21
    price $75,000 275-char remark

    Show marketing remark (275 chars)

    This 3 Br home is a great starter or one to add to an investor portfolio. Well kept and up to date. New windows throughout modern kitchen and trex decking. Attic is walk up for storage or possible bonus room. PRIOR BUYER just caghnged mind no inspection or appraisal was done

21. 2026-04-01
    price $77,500 275-char remark

    Show marketing remark (275 chars)

    This 3 Br home is a great starter or one to add to an investor portfolio. Well kept and up to date. New windows throughout modern kitchen and trex decking. Attic is walk up for storage or possible bonus room. PRIOR BUYER just caghnged mind no inspection or appraisal was done

22. 2026-03-09
    listed $80,000 Active 275-char remark

    Show marketing remark (275 chars)

    This 3 Br home is a great starter or one to add to an investor portfolio. Well kept and up to date. New windows throughout modern kitchen and trex decking. Attic is walk up for storage or possible bonus room. PRIOR BUYER just caghnged mind no inspection or appraisal was done

23. 2025-04-09
    historical
24. 2025-02-14
    price $79,500
25. 2025-02-10
    price $79,500
26. 2025-01-09
    price $82,500
27. 2025-01-06
    price $82,500
28. 2024-12-12
    price $83,900
29. 2024-12-12
    price $83,900
30. 2024-10-29
    price $87,900
31. 2024-09-16
    price $87,900
32. 2024-09-05
    listed $89,900 Active
33. 2024-07-26
    historical
34. 2024-07-01
    price $89,900
35. 2024-07-01
    price $89,900
36. 2024-06-10
    price $270,000
37. 2024-06-10
    price $270,000
38. 2024-05-22
    listed $280,000 Active
39. 2007-11-01
    soldstatus $12,500
40. 2007-11-01
    soldstatus $12,500
41. 1984-09-01
    soldstatus $13,500

ⓘ 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: $1,112 · $93/mo
• Projected year-2 tax: $1,129 · $94/mo
• Expected delta: +$17/yr (+$1/mo · 1.5%)

ⓘ 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 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: $12,263
• − Mortgage interest: −$4,061
• − Property taxes: −$1,112
• − Insurance: −$362
• − Repairs & maintenance: −$981
• − Management: −$981
• − Depreciation: −$2,109
• Taxable income: $2,656
• Est. tax owed @ 24.0%: −$638
• After-tax cash flow: $3,014/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): 33,515
• Household income: $58,070
• Rent vs Own: 30.6% rent · 69.4% own
• Severe rent burden: 715.0

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 1%
• Common ancestry: Romanian 5% Slovak 2% Lithuanian 2%
• Foreign-born: 1% · Vietnam
• Languages at home: 97% English-only · German/W. Germanic 1% 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: ▼ -60.97%
• Current HPI: 183.9907
• 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

+455.6% since first listed

24 events — show timeline

• 2026-05-08 Relisted — AHARMLS
• 2026-04-26 Pending — AHARMLS
• 2026-04-21 Price Changed $75,000 AHARMLS
• 2026-04-01 Price Changed $77,500 AHARMLS
• 2026-03-09 Listed $80,000 AHARMLS
• 2025-04-09 Listing Removed — BRIGHT MLS
• 2025-02-14 Price Changed $79,500 BRIGHT MLS
• 2025-02-10 Price Changed $79,500 AHARMLS
• 2025-01-09 Price Changed $82,500 BRIGHT MLS
• 2025-01-06 Price Changed $82,500 AHARMLS
• 2024-12-12 Price Changed $83,900 BRIGHT MLS
• 2024-12-12 Price Changed $83,900 AHARMLS
• 2024-10-29 Price Changed $87,900 BRIGHT MLS
• 2024-09-16 Price Changed $87,900 AHARMLS
• 2024-09-05 Listed $89,900 BRIGHT MLS
• 2024-07-26 Listing Removed — BRIGHT MLS
• 2024-07-01 Price Changed $89,900 BRIGHT MLS
• 2024-07-01 Price Changed $89,900 AHARMLS
• 2024-06-10 Price Changed $270,000 BRIGHT MLS
• 2024-06-10 Price Changed $270,000 AHARMLS
• 2024-05-22 Listed $280,000 BRIGHT MLS
• 2007-11-01 Sold (Public Records) $12,500 Public Records
• 2007-11-01 Sold (Public Records) $12,500 Public Records
• 1984-09-01 Sold (Public Records) $13,500 Public Records

Property tax history

-4.5%/yr

Latest (2025): $1,112 · +13.0% YoY. Source: county tax records.