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622 N. 6th Avenue, Altoona

622 N. 6th Avenue,

Property Description

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Price:

Contract details:

  • Creation Date – May 20th, 2012
  • Contract length – 30 year
  • First Payment Paid – June 1st, 2012
  • Final Payment Period – July 1st, 2042
  • Initial Principal Amount – $60,865.00
  • Down Payment Paid – $2,000.00
  • Payment per Month – $605.49
  • Payments are Due – 1st of each month
  • Interest Rate Used to Calculate Loan Amortization –
    • 12.0% until the principal is payed down to $54,778.50
    • At which point, the loan will be re-amortized at 11.0%
  • Reliability –
  • House Quality –

Note to property to be sold with the contract to sell to the home-buyers. All assets and subsequent cash flows will become the purchasers after sale.


Property Details

  • Address: 622 N. 6th Avenue
  • City:
  • County: Blair
  • State: PA
  • Zip: 16601
  • Country: United States
  • Property Size: 1,500 square feet
  • Bedrooms: 4
  • Bathrooms: 1

Property Features


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  • Total Future Cash Inflows =

    (Number of Payment Periods Left x Payment Received per Period)
    +
    Propert Value (If it will be sold)
    Amount of cash that should be received from all future payments buy home-buyer/tenants of a property. Can also include resale value if the investor expects to sell the property in the future to another buyer or investor.

    Visit the Calculating Value in Real Estate Page to learn how to value properties using calculations such as CAPM, NPV, and Capitalization Rate.