2400 Crawford Ave · Altoona, PA 16602

$87,000

2 bd · 1.0 ba · 1,316 sqft · SingleFamily · 14 Days on market

Built 1951 Fair condition 5,227 sqft lot Est $117k · 26% 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 +25.9/30.0
• ARV discount +15.0/15.0
• DSCR +8.7/10.0
• 1% rule +6.8/10.0
• Livability +4.0/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

Altoona area 1 story home is perfect for investors or handy persons! Large formal living room, formal dining room, eat-in kitchen plus two bedrooms and bath. Hardwood floors, rear deck, 1 car integral garage, 1/2 bath in basement and plenty of opportunity to imagine all the possibilties! Property sold AS-IS. Seller will make no repairs. Offers must be submitted through HUD approved broker. Buyer pays both transfer taxes. Exclusive Agency. Equal Housing Opportunity. www. HUDHomestore.com. Property was built pre-1978 - requiring LBP disclosures. Subject to Appraisal - If the purchaser is utilizing FHA financing the purchaser's appraisal will determine final insurability and escrow holdback am

Key facts

• 5,227 sq ft lot
• Garage
• Built 1951

Property features AI

Exterior

• Parking: 1-car garage
• Utilities: Public water
• Home design: Single-family residence; One level
• Construction: Wood siding; Shingle roof
• Exterior features: Deck

Interior

• Flooring: Hardwood; Vinyl; Wood; Carpet
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); Cooling
• Interior features: Eat-in kitchen; Basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $87k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $213 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $87k).
• Cap rate 9.2% 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; 5 comparable units currently listed for rent nearby; rentals lingering (median 44d 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 $601 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.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $87,000

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.18% ✓
• Cap rate: 9.23%
• Cash-on-cash: 10.48%
• DSCR: 1.47
• GRM: 7.0

CMA / ARV

• ARV (on-the-fly): $117,124
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2400 Crawford Ave	0.00mi	2/1.0	1,316 (0%)	1mo	$95,000	$72	99
1919 5th Ave	0.39mi	3/1.0 (+1)	1,260 (-4%)	3mo	$38,000	$30	67
1518 1st Ave	0.56mi	2/1.0	1,350 (+3%)	3mo	$116,400	$86	67
2004 3rd Ave	0.29mi	2/1.0	1,148 (-13%)	2mo	$90,000	$78	64
1828 Grant Ave	0.37mi	3/1.5 (+1)	1,242 (-6%)	6mo	$151,000	$122	61
2710 7th Ave	0.46mi	3/1.0 (+1)	1,400 (+6%)	3mo	$125,000	$89	60
1916 Hudson Ave	0.39mi	3/1.0 (+1)	1,169 (-11%)	2mo	$170,000	$145	57
1901 3rd Ave	0.35mi	3/1.0 (+1)	1,138 (-14%)	3mo	$22,500	$20	54
2607 Wren Ave	0.45mi	3/1.0 (+1)	1,146 (-13%)	0mo	$210,000	$183	52
2524 Pleasant Valley Blvd	0.50mi	3/1.0 (+1)	1,456 (+11%)	6mo	$164,900	$113	49
1110 S 16th St	0.70mi	2/1.0	1,164 (-12%)	5mo	$75,000	$64	44
1320 Walton Ave	0.74mi	3/2.0 (+1)	1,440 (+9%)	6mo	$205,000	$142	36

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: -0.6%
• Equity multiple: 0.98×
• Total profit: $-533
• Equity at exit: $12,972

10-year hold

• IRR: 9.1%
• Equity multiple: 1.70×
• Total profit: $17,046
• Equity at exit: $7,522

Cash invested: $24,360 (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: 7.0×

Monthly cashflow live

• Estimated rent: $1,030 high
• Mortgage (P&I): −$456
• Tax est. 1.5%: −$109 /mo · $1,305/yr
• Insurance: −$36
• HOA: −$0
• Vacancy / Maint / Mgmt: −$216
• Net cashflow: $213

Break-even live

Break-even rent $761

Max offer price $87,000

Occupancy floor 74%

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: $21,750
• Closing costs: $2,610
• 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	43d	1	0.92mi
3925 Burgoon Rd Altoona, PA	3.0	1.0	1500	$895	$0.60	43d	1	1.11mi
1326 14th Ave Altoona, PA	3.0	1.0	1600	$1,150	$0.72	43d	1	1.16mi
1489 Washington Ave Altoona, PA	3.0	1.5	1050	$850	$0.81	43d	1	1.23mi
1102 17th Ave Altoona, PA	3.0	1.0	1430	$899	$0.63	43d	1	1.43mi

Listing history 2 events

1. 2026-04-24
   status Pending
2. 2026-04-10
   listed $87,000 Active

ⓘ 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 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥95°F today · 17 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: $12,364
• − Mortgage interest: −$4,873
• − Property taxes: −$1,305
• − Insurance: −$435
• − Repairs & maintenance: −$989
• − Management: −$989
• − Depreciation: −$2,531
• Taxable income: $1,242
• Est. tax owed @ 24.0%: −$298
• After-tax cash flow: $2,255/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 · 12 photos

Fair 45/100 Moderate rehab

This home requires moderate renovations to improve its condition and increase its value. Exterior repairs and updates to the kitchen and bathrooms are essential.

Repairs flagged

• Major exterior siding — Severe peeling
• Major exterior paint — Visible damage
• Major kitchen cabinets — Old and outdated
• Major bathroom fixtures — Outdated and worn

Value-add opportunities

• Both new exterior siding — Enhances curb appeal and value
• Both new paint — Improves home's appearance and value
• Both new kitchen cabinets — Modernizes the space and increases value
• Both new bathroom fixtures — Updates the space and increases value

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior siding · Severe peeling	Major	$15,000–50,000
exterior paint · Visible damage	Major	$15,000–50,000
kitchen cabinets · Old and outdated	Major	$15,000–50,000
bathroom fixtures · Outdated and worn	Major	$15,000–50,000
Total estimated repair cost · 4 items		$60,000–200,000

Value-add ROI direction

• Both new exterior siding — Enhances curb appeal and value ↑
• Both new paint — Improves home's appearance and value ↑
• Both new kitchen cabinets — Modernizes the space and increases value ↑
• Both new bathroom fixtures — Updates the space and increases value ↑

ⓘ 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

2 events — show timeline

• 2026-04-24 Pending — AHARMLS
• 2026-04-10 Listed $87,000 AHARMLS