Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
HarrisonburgInvestmentProperties.com
 A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com 

College Rentals Multi Family Properties Newer Townhouses Upscale Townhouses Slightly Older Townhouses Foreclosures Bank Owned Properties
AVALON WOODS
Avalon Woods  •  Beacon Hill Townes  •  Harmony Heights  •  Liberty Square
avalon woods
Sales Per Year....
2020 Townhouse Sale  Townhouse Sale  3  (ytd)
2019 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  10
2018 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  8
2017 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  15
2016 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  6
 
Median Sales Price....
2020 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $187,000
2019 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $162,750
2018 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $165,950
2017 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $153,000
2016 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $152,450


Sample Avalon Woods Investment Analysis....
Property Details
Purchase Price $169,000 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 $1,437 estimate based on median sales price
Repairs $500 estimate based on typical property condition
Association Dues $600 estimated to be $50 per month
Property Management $0 assuming self management
Insurance $608 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $3,245  
 
Cash Flow Before Tax
Gross Operating Income $11,520  
 - Operating Expenses  - $3,245  
Net Operating Income $8,275     
 - Annual Debt Service  - $9,156 financing 80% of the purchase price at 5.5%
Cash Flow Before Taxes    $-881     
Sales in the Past 36 Months....
Jul 23, 2020 2314 Lancelot Ln, Harrisonburg, VA 22801 3 BR 3 BA 1,368 SF $230,000  
Jun 22, 2020 2345 Avalon Woods Dr, Harrisonburg, VA 22801 3 BR 1.5 BA 1,904 SF $176,000  
Jun 12, 2020 872 Camelot Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 1,464 SF $187,000  
Nov 27, 2019 730 Camelot Ln, Harrisonburg, VA 22801 2 BR 2.5 BA 1,276 SF $159,500  
Nov 15, 2019 760 Camelot Ln, Harrisonburg, VA 22801 3 BR 1.5 BA 1,292 SF $162,000  
Sep 12, 2019 730 Merlins Way, Harrisonburg, VA 22801 2 BR 2.5 BA 1,276 SF $155,000  
Jul 1, 2019 2387 King Arthurs Ct, Harrisonburg, VA 22801 2 BR 2.5 BA 1,224 SF $167,000  
Jun 28, 2019 904 Camelot Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 1,410 SF $197,000  
May 15, 2019 2339 Avalon Woods Dr, Harrisonburg, VA 22801 3 BR 1.5 BA 1,736 SF $164,000  
May 13, 2019 869 Camelot Ln, Harrisonburg, VA 22801 3 BR 3.5 BA 1,836 SF $175,000  
Apr 15, 2019 856 Camelot Ln, Harrisonburg, VA 22801 3 BR 1.5 BA 1,276 SF $153,000  
Mar 21, 2019 2443 Avalon Woods Dr, Harrisonburg, VA 22801 4 BR 1.5 BA 1,888 SF $161,000  
Jan 22, 2019 2396 King Arthurs Ct, Harrisonburg, VA 22801 2 BR 2.5 BA 1,648 SF $163,500  
Nov 5, 2018 822 Camelot Ln, Harrisonburg, VA 22801 2 BR 2.5 BA 1,276 SF $157,900  
Oct 29, 2018 2388 King Arthurs Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,640 SF $174,000  
Aug 30, 2018 2409 King Arthurs Ct, Harrisonburg, VA 22801 2 BR 2.5 BA 1,292 SF $150,000  
Aug 20, 2018 2427 Avalon Woods Dr, Harrisonburg, VA 22801 4 BR 2.5 BA 1,904 SF $174,900  
Jul 13, 2018 710 Merlins Way, Harrisonburg, VA 22801 2 BR 2.5 BA 1,292 SF $154,000  
Jun 5, 2018 2435 Avalon Woods Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,888 SF $174,500  
Apr 20, 2018 770 Merlins Way, Harrisonburg, VA 22801 2 BR 2.5 BA 1,276 SF $147,000  
Mar 8, 2018 2318 Lancelot Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 1,464 SF $200,000  
Nov 16, 2017 761 Merlins Way, Harrisonburg, VA 22801 3 BR 1.5 BA 1,736 SF $150,000  
Nov 15, 2017 852 Camelot Ln, Harrisonburg, VA 22801 3 BR 1.5 BA 1,292 SF $150,000  
Oct 19, 2017 2372 King Arthurs Ct, Harrisonburg, VA 22801 2 BR 2.5 BA 1,640 SF $160,000  
Sep 29, 2017 2445 Avalon Woods Dr, Harrisonburg, VA 22801 3 BR 1.5 BA 1,276 SF $149,900  
Sep 29, 2017 2320 Avalon Woods Dr, Harrisonburg, VA 22801 4 BR 2.5 BA 1,658 SF $164,900  
Aug 15, 2017 2403 Avalon Woods Dr, Harrisonburg, VA 22801 3 BR 2 BA 1,276 SF $153,000  
Current Listings....

2324 Avalon Woods Dr
4 Beds  •  2 Baths  •  1 Half Baths
1,836 livable square feet
$179,000 (For Sale)
Listing By: RE/MAX REALTY SPECIALISTS-CROZET
Neighborhood Map....
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Have Questions?  Contact Scott P. Rogers at 540-578-0102 or scott@HarrisonburgHousingToday.com.