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AVALON WOODS

Avalon Woods • Beacon Hill Townes • Harmony Heights • Liberty Square

Sales Per Year....

2017		7 (ytd)
2016		6
2015		5
2014		11
2013		8

Median Sales Price....

2017		$142,500
2016		$152,450
2015		$164,800
2014		$139,900
2013		$139,250

Sample Avalon Woods Investment Analysis....

Property Details
Purchase Price	$149,750	based on median sales price

Income (Annual)
Monthly Rental Rate	$1,000	estimate based on currently available rental data
Projected Vacancy	4%	half a month per year
Gross Operating Income	$11,520

Expense (Annual)
Real Estate Taxes	$1,168	estimate based on median sales price
Repairs	$500	estimate based on typical property condition
Association Dues	$564	estimated to be $47 per month
Property Management	$0	assuming self management
Insurance	$539	estimate based on recent trends
Utilities	$0	assumes tenant pays all utilities
Advertising	$100	estimate
Total Operating Expenses	$2,871

Cash Flow Before Tax
Gross Operating Income	$11,520
- Operating Expenses	- $2,871
Net Operating Income	$8,649
- Annual Debt Service	- $7,764	financing 80% of the purchase price at 5.1%
Cash Flow Before Taxes	$885

Sales in the Past 36 Months....

Jun 28, 2017	2312 Lancelot Ln, Harrisonburg, VA 22801	3 BR	2.5 BA	1,464 SF	$197,000	photos hide

Jun 15, 2017	730 Merlins Way, Harrisonburg, VA 22801	2 BR	2.5 BA	1,276 SF	$142,500	photos hide

Jun 1, 2017	854 Merlins Way, Harrisonburg, VA 22801	3 BR	1.5 BA	1,292 SF	$142,000	photos hide

May 24, 2017	2431 Avalon Woods Dr, Harrisonburg, VA 22801	3 BR	2.5 BA	1,904 SF	$157,000

May 17, 2017	2360 Avalon Woods Dr, Harrisonburg, VA 22801	3 BR	1.5 BA	1,276 SF	$133,000	photos hide

May 4, 2017	2337 Avalon Woods Dr, Harrisonburg, VA 22801	3 BR	1.5 BA	1,276 SF	$140,000	photos hide

Apr 14, 2017	2407 Avalon Woods Dr, Harrisonburg, VA 22801	3 BR	1.5 BA	1,800 SF	$159,000	photos hide

Aug 16, 2016	2378 King Arthurs Ct, Harrisonburg, VA 22801	2 BR	3.5 BA	1,710 SF	$166,000	photos hide

Jun 28, 2016	751 Merlins Way, Harrisonburg, VA 22801	3 BR	2.5 BA	1,888 SF	$159,000	photos hide

Jun 15, 2016	851 Merlins Way, Harrisonburg, VA 22801	2 BR	3.5 BA	1,904 SF	$153,000	photos hide

Jun 1, 2016	2328 Avalon Woods Dr, Harrisonburg, VA 22801	3 BR	1.5 BA	1,336 SF	$151,900	photos hide

May 2, 2016	846 Camelot Ln, Harrisonburg, VA 22801	3 BR	3.5 BA	1,276 SF	$138,000	photos hide

Mar 9, 2016	731 Merlins Way, Harrisonburg, VA 22801	2 BR	2.5 BA	1,292 SF	$133,000	photos hide

Aug 31, 2015	2441 Avalon Woods Dr, Harrisonburg, VA 22801	3 BR	1.5 BA	1,598 SF	$148,500	photos hide

Jul 24, 2015	2398 King Arthurs Ct, Harrisonburg, VA 22801	3 BR	2.5 BA	1,462 SF	$172,500	photos hide

Jul 15, 2015	791 Merlins Way, Harrisonburg, VA 22801	2 BR	2.5 BA	1,872 SF	$164,800	photos hide

Jul 10, 2015	2314 Lancelot Ln, Harrisonburg, VA 22801	3 BR	2.5 BA	1,376 SF	$189,900	photos hide

Mar 19, 2015	660 Merlins Way, Harrisonburg, VA 22801	3 BR	1.5 BA	1,256 SF	$122,000	photos hide

Dec 19, 2014	750 Merlins Way, Harrisonburg, VA 22801	2 BR	2.5 BA	1,390 SF	$100,050	photos hide

Nov 13, 2014	856 Camelot Ln, Harrisonburg, VA 22801	3 BR	1.5 BA	1,276 SF	$123,500	photos hide

Sep 3, 2014	770 Merlins Way, Harrisonburg, VA 22801	2 BR	2.5 BA	1,276 SF	$130,500	photos hide

Jul 30, 2014	2326 Avalon Woods Dr, Harrisonburg, VA 22801	3 BR	1.5 BA	1,276 SF	$139,900	photos hide

Jul 25, 2014	820 Camelot Ln, Harrisonburg, VA 22801	2 BR	2.5 BA	1,292 SF	$147,000	photos hide

Current Listings....

There are no properties on the market right now!

Neighborhood Map....

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Site Content and Analysis provided by Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group

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