A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
510 Davis Mills Dr, Harrisonburg, VA 22801 • $268,000
MLS# 668139 • For Sale
| Subdivision: | Campus View Condos |
| Area: | Harrisonburg |
| Heating: | Central Heat, Heat Pump |
| Cooling: | Central AC, Heat Pump |
| Circa: | 2008 (17 years old) |
| Lot Size: | 0.00 acres |
| Association Fee: | $265 |
| Days on Market: | 12 (since Aug 20, 2025) |
| Listing By: | Nest Realty Harrisonburg |
Immediate occupancy for this prime JMU investment property! This condo overlooks the pool and is located directly above the fitness center. Each bedroom has its own private, ensuite bathroom, and each room is furnished with Ikea-style bed, desk, chair, and dresser. Kitchen appliances and washer/dryer have been updated recently, plus the full HVAC was replaced in 2023. Easy access to campus, and located on the transit route. Tenants love the community amenities, including volleyball/basketball courts, recreation facility, clubhouse, and community pool- right outside your door. Schedule your tour today!
| Elementary School: Stone Spring | Middle School: Skyline | High School: Rocktown |
Sample Campus View Investment Analysis....
| Property Details | ||
| Purchase Price | $0 | based on median sales price |
| Income (Annual) | ||
| Monthly Rental Rate | $2,200 | estimate based on currently available rental data |
| Projected Vacancy | 4% | half a month per year |
| Gross Operating Income | $25,344 | |
| Expense (Annual) | ||
| Real Estate Taxes | $0 | estimate based on median sales price |
| Repairs | $2,200 | estimate based on typical property condition |
| Association Dues | $2,352 | estimated to be $196 per month |
| Property Management | $0 | assuming self management |
| Insurance | $0 | estimate based on recent trends |
| Utilities | $0 | assumes tenant pays all utilities |
| Advertising | $100 | estimate |
| Total Operating Expenses | $4,652 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $25,344 | |
| - Operating Expenses | - $4,652 | |
| Net Operating Income | $20,692 | |
| - Annual Debt Service | - $0 | financing 80% of the purchase price at 7.75% |
| Cash Flow Before Taxes | $20,692 | |