A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
1390 Hunters Rd, Harrisonburg, VA 22801 • $215,000
MLS# 673973 • For Sale
| Subdivision: | Hunters Ridge |
| Area: | Harrisonburg |
| Heating: | Central Heat, Heat Pump |
| Cooling: | Central AC, Heat Pump |
| Circa: | 1986 (40 years old) |
| Lot Size: | 0.00 acres |
| Association Fee: | $200 |
| Days on Market: | 25 (since Mar 5, 2026) |
| Listing By: | Rocktown Realty |
PRIME JMU INVESTMENT OPPORTUNITY! Why rent when you can own and let your roommates pay your mortgage? Welcome to 1390 Hunters Rd Apt F, a meticulously maintained 3-bedroom, 2-bathroom condo perfectly positioned for JMU off-campus housing in the heart of the 22801 zip code. This turnkey unit is an investor’s dream, featuring a brand-new HVAC system (less than a year old) and new washer and dryer for ultimate tenant convenience. Most furniture conveys with the sale, making this a truly seamless transition for the next owner. Currently leased through July 2027, this property offers immediate, guaranteed cash flow and a "set it and forget it" addition to your real estate portfolio. Residents at Hunters Ridge enjoy unbeatable proximity to James Madison University, the JMU bus line, Starbucks, and the vibrant shopping and dining at Stone Port. Community amenities including a basketball court, dog park, and fire pits ensure consistent rental demand year after year. Whether you are looking for a high-yield Harrisonburg investment or a strategic home for your student, this well-maintained condo in the beautiful Shenandoah Valley is a standout choice. Act fast—student housing gems with these upgrades and long-term stability are rare
| Elementary School: Stone Spring | Middle School: Thomas Harrison | High School: Harrisonburg |
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 | |