Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
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HARMONY HEIGHTS
1330 Old Windmill Cir, Harrisonburg, VA 22802     $295,000
MLS# 657104    Under Contract
Subdivision: Harmony Heights
Area: Harrisonburg
Heating: Heat Pump
Cooling: Heat Pump
Circa: 2001 (23 years old)
Lot Size: 0.17 acres
Association Fee:   $60
Days on Market:   46 (since Sep 22, 2024)
Listing By: Coldwell Banker Premier
Located at the north west edge of Harrisonburg, easy communte by using Rt. 42. Shopping within a couple minutes. Sitting nicely on a corner lot that has a front porch and also a nice naturally screened patio in the rear lending great outdoor areas to relax. The entire home has recently been proofessionally cleaned, to include carpets, ready for you to move in and enjoy the last holidays of 2024. Home has been powerwashed, new dryer, washer 5 yr. old, HVAC 4 yr old, Refrigerator purchased May 2024, nice Bosch Dishwasher, New flooring in bedroom #3, nice pantry in kitchen. You will want to put this on your list to preview. HOA covers road maintenance, mowing, snow shovel roads (owner takes care of sidewalk and steps), and trash.
Elementary School:  Waterman Middle School:  Thomas Harrison High School:  Harrisonburg
Sample Harmony Heights Investment Analysis....
Property Details
Purchase Price $318,500 based on median sales price
 
Income (Annual)
Monthly Rental Rate $1,300 estimate based on currently available rental data   
Projected Vacancy 4% half a month per year
Gross Operating Income    $14,976     
 
Expense (Annual)
Real Estate Taxes $2,867 estimate based on median sales price
Repairs $650 estimate based on typical property condition
Association Dues $540 estimated to be $45 per month
Property Management $0 assuming self management
Insurance $1,147 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $5,303  
 
Cash Flow Before Tax
Gross Operating Income $14,976  
 - Operating Expenses  - $5,303  
Net Operating Income $9,673     
 - Annual Debt Service  - $21,648 financing 80% of the purchase price at 7.75%
Cash Flow Before Taxes    $-11,975     

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Have Questions?  Contact Scott P. Rogers at 540-578-0102 or scott@HarrisonburgHousingToday.com.