Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
HarrisonburgInvestmentProperties.com
 A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com 

College Rentals Multi Family Properties Newer Townhouses Upscale Townhouses Slightly Older Townhouses Foreclosures
PARKCREST
Northfield Estates  •  Parkcrest  •  Reherd Acres  •  Stonewall Heights
parkcrest
Sales Per Year....
2024 Townhouse Sale  1  (ytd)
2023 Townhouse Sale  Townhouse Sale  Townhouse Sale  3
2022 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  6
2021 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  5
2020 Townhouse Sale  Townhouse Sale  Townhouse Sale  3
2019 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  8
2018 Townhouse Sale  Townhouse Sale  2
 
Median Sales Price....
2024 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $205,000
2023 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $212,000
2022 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $183,250
2021 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $170,000
2020 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $150,000
2019 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $132,213
2018 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $139,450


Sample Parkcrest Investment Analysis....
Property Details
Purchase Price $212,000 based on median sales price
 
Income (Annual)
Monthly Rental Rate $1,050 estimate based on currently available rental data   
Projected Vacancy 4% half a month per year
Gross Operating Income    $12,096     
 
Expense (Annual)
Real Estate Taxes $1,908 estimate based on median sales price
Repairs $525 estimate based on typical property condition
Association Dues $540 estimated to be $45 per month
Property Management $0 assuming self management
Insurance $763 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $3,836  
 
Cash Flow Before Tax
Gross Operating Income $12,096  
 - Operating Expenses  - $3,836  
Net Operating Income $8,260     
 - Annual Debt Service  - $14,412 financing 80% of the purchase price at 7.75%
Cash Flow Before Taxes    $-6,152     
Sales in the Past 36 Months....
Mar 20, 2024 1026 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $205,000
May 23, 2023 272 Commerce Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $215,000
May 19, 2023 1040 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $212,000
Jan 31, 2023 244 Commerce Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $185,000
Nov 7, 2022 1212 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,200 SF $200,000
Jun 30, 2022 108 Commerce Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $179,000
Jun 30, 2022 1252 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $179,000
May 26, 2022 274 Commerce Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $190,000
Feb 28, 2022 1143 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $186,000
Jan 14, 2022 1030 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $180,500
Dec 1, 2021 228 Commerce Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $173,000
Oct 30, 2021 244 Commerce Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $160,000
Oct 22, 2021 280 Commerce Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $170,000
May 17, 2021 1153 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $160,000
Current Listings....
There are no properties on the market right now!
Neighborhood Map....
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Have Questions?  Contact Scott P. Rogers at 540-578-0102 or scott@HarrisonburgHousingToday.com.