A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
2210 Lake Terrace Dr, Harrisonburg, VA 22802 • $359,000
MLS# 672055 • For Sale
| Subdivision: | Harmony Heights |
| Area: | Harrisonburg |
| Garage: | 1-Car Garage |
| Heating: | Heat Pump |
| Cooling: | Central AC, Heat Pump |
| Circa: | 2006 (19 years old) |
| Lot Size: | 0.19 acres |
| Association Fee: | $175 |
| Days on Market: | 2 (since Dec 28, 2025) |
| Listing By: | RE/MAX Performance Realty |
Prime location on the North End of Harrisonburg near EMU and local parks while remaining minutes from downtown. Freshly updated with brand-new countertops, New Dishwasher & Microwave, New sink & garbage disposal, Hardwood floors on main level and plush new carpeting throughout the upper and lower levels.
| Elementary School: Waterman | Middle School: Thomas Harrison | High School: Harrisonburg |
Sample Harmony Heights Investment Analysis....
| Property Details | ||
| Purchase Price | $357,500 | 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 | $3,218 | 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 | $1,287 | estimate based on recent trends |
| Utilities | $0 | assumes tenant pays all utilities |
| Advertising | $100 | estimate |
| Total Operating Expenses | $5,795 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $14,976 | |
| - Operating Expenses | - $5,795 | |
| Net Operating Income | $9,182 | |
| - Annual Debt Service | - $24,300 | financing 80% of the purchase price at 7.75% |
| Cash Flow Before Taxes | $-15,119 | |