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 Bank Owned Properties
PARKCREST
Northfield Estates  •  Parkcrest  •  Reherd Acres  •  Stonewall Heights
parkcrest
Sales Per Year....
2017 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  4  (ytd)
2016 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  7
2015 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  8
2014 Townhouse Sale  Townhouse Sale  2
2013 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  6
 
Median Sales Price....
2017 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $119,000
2016 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $109,400
2015 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $112,000
2014 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $106,000
2013 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $102,670


Sample Parkcrest Investment Analysis....
Property Details
Purchase Price $119,000 based on median sales price
 
Income (Annual)
Monthly Rental Rate $800 estimate based on currently available rental data   
Projected Vacancy 4% half a month per year
Gross Operating Income    $9,216     
 
Expense (Annual)
Real Estate Taxes $928 estimate based on median sales price
Repairs $400 estimate based on typical property condition
Association Dues $540 estimated to be $45 per month
Property Management $0 assuming self management
Insurance $428 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $2,397  
 
Cash Flow Before Tax
Gross Operating Income $9,216  
 - Operating Expenses  - $2,397  
Net Operating Income $6,819     
 - Annual Debt Service  - $6,168 financing 80% of the purchase price at 5.1%
Cash Flow Before Taxes    $651     
Sales in the Past 36 Months....
Oct 10, 2017 1141 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $128,000 photos
Jun 20, 2017 1026 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $118,000 photos
May 22, 2017 1040 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $120,000 photos
May 5, 2017 1052 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $117,500 photos
Dec 8, 2016 1222 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $100,000 photos
Oct 14, 2016 230 Commerce Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $119,900 photos
Oct 14, 2016 1216 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $122,000 photos
Jun 30, 2016 276 Commerce Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $101,111 photos
May 31, 2016 1171 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $120,000 photos
Apr 11, 2016 110 Commerce Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $109,400 photos
Jan 12, 2016 1042 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $99,000 photos
Dec 16, 2015 264 Commerce Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $110,000 photos
Oct 27, 2015 1046 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $96,550 photos
Sep 29, 2015 272 Commerce Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $114,000 photos
Sep 23, 2015 122 Commerce Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $110,000 photos
Aug 27, 2015 222 Commerce Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $115,000 photos
Jun 30, 2015 1120 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $109,000 photos
May 25, 2015 270 Commerce Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $121,000 photos
Apr 23, 2015 1250 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $119,900 photos
Current Listings....
There are no properties on the market right now!
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Have Questions?  Contact Scott P. Rogers at 540-578-0102 or scott@HarrisonburgHousingToday.com.

 
Site Content and Analysis provided by Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
 
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401 University Blvd Harrisonburg, VA 22801

 

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