A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
1366 Hunters Rd, Harrisonburg, VA 22801 • $204,900
MLS# 673005 • For Sale
| Subdivision: | Hunters Ridge |
| Area: | Harrisonburg |
| Heating: | Heat Pump |
| Cooling: | Central AC, Heat Pump |
| Circa: | 2003 (23 years old) |
| Lot Size: | 0.00 acres |
| Association Fee: | $200 |
| Days on Market: | 10 (since Feb 5, 2026) |
| Listing By: | Hive Group Realty |
Check out this prime top-floor condo, perfect for investors or JMU parents! In a secure three-story building (four units per floor), this 2-bed, 2-bath unit offers each bedroom with its own bathroom suite. Recently remodeled with new flooring, updated bathrooms, and refreshed kitchen appliances. Just a short walk to JMU campus, Starbucks, and easy I-81 access. This community is a student favorite, complete with a fire pit hangout, basketball court, soccer goals, a dog park, and direct access to JMU bus routes. Typically, these units rent around $850 per bedroom, though prices may vary. Don’t miss this prime opportunity; Location, convenience, and value all in one!
| Elementary School: Stone Spring | Middle School: Skyline | High School: Rocktown |
Sample Hunters Ridge Investment Analysis....
| Property Details | ||
| Purchase Price | $239,000 | based on median sales price |
| Income (Annual) | ||
| Monthly Rental Rate | $900 | estimate based on currently available rental data |
| Projected Vacancy | 4% | half a month per year |
| Gross Operating Income | $10,368 | |
| Expense (Annual) | ||
| Real Estate Taxes | $2,151 | estimate based on median sales price |
| Repairs | $900 | estimate based on typical property condition |
| Association Dues | $3,000 | estimated to be $250 per month |
| Property Management | $0 | assuming self management |
| Insurance | $860 | estimate based on recent trends |
| Utilities | $0 | assumes tenant pays all utilities |
| Advertising | $100 | estimate |
| Total Operating Expenses | $7,011 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $10,368 | |
| - Operating Expenses | - $7,011 | |
| Net Operating Income | $3,357 | |
| - Annual Debt Service | - $16,248 | financing 80% of the purchase price at 7.75% |
| Cash Flow Before Taxes | $-12,891 | |