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....
2018 Townhouse Sale  2  (ytd)
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
2015 Townhouse Sale  Townhouse Sale  Townhouse Sale  5
2014 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  11
 
Median Sales Price....
2018 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $173,500
2017 Townhouse Prices 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 Townhouse Prices Townhouse Prices $152,450
2015 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $164,800
2014 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $139,900


Sample Avalon Woods Investment Analysis....
Property Details
Purchase Price $155,000 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 $1,318 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 $558 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $3,040  
 
Cash Flow Before Tax
Gross Operating Income $11,520  
 - Operating Expenses  - $3,040  
Net Operating Income $8,481     
 - Annual Debt Service  - $8,304 financing 80% of the purchase price at 5.4%
Cash Flow Before Taxes    $177     
Sales in the Past 36 Months....
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  
Aug 3, 2017 848 Camelot Ln, Harrisonburg, VA 22801 3 BR 3.5 BA 1,904 SF $161,000  
Jul 31, 2017 2374 King Arthurs Ct, Harrisonburg, VA 22801 2 BR 2.5 BA 1,676 SF $162,000  
Jun 28, 2017 2312 Lancelot Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 1,464 SF $197,000  
Jun 15, 2017 730 Merlins Way, Harrisonburg, VA 22801 2 BR 2.5 BA 1,276 SF $142,500  
Jun 1, 2017 854 Merlins Way, Harrisonburg, VA 22801 3 BR 1.5 BA 1,292 SF $142,000  
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  
May 4, 2017 2337 Avalon Woods Dr, Harrisonburg, VA 22801 3 BR 1.5 BA 1,276 SF $140,000  
Apr 14, 2017 2407 Avalon Woods Dr, Harrisonburg, VA 22801 3 BR 1.5 BA 1,800 SF $159,000  
Aug 16, 2016 2378 King Arthurs Ct, Harrisonburg, VA 22801 2 BR 3.5 BA 1,710 SF $166,000  
Jun 28, 2016 751 Merlins Way, Harrisonburg, VA 22801 3 BR 2.5 BA 1,888 SF $159,000  
Jun 15, 2016 851 Merlins Way, Harrisonburg, VA 22801 2 BR 3.5 BA 1,904 SF $153,000  
Jun 1, 2016 2328 Avalon Woods Dr, Harrisonburg, VA 22801 3 BR 1.5 BA 1,336 SF $151,900  
May 2, 2016 846 Camelot Ln, Harrisonburg, VA 22801 3 BR 3.5 BA 1,276 SF $138,000  
Mar 9, 2016 731 Merlins Way, Harrisonburg, VA 22801 2 BR 2.5 BA 1,292 SF $133,000  
Aug 31, 2015 2441 Avalon Woods Dr, Harrisonburg, VA 22801 3 BR 1.5 BA 1,598 SF $148,500  
Jul 24, 2015 2398 King Arthurs Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,462 SF $172,500  
Jul 15, 2015 791 Merlins Way, Harrisonburg, VA 22801 2 BR 2.5 BA 1,872 SF $164,800  
Jul 10, 2015 2314 Lancelot Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 1,376 SF $189,900  
Current Listings....

710 Merlins Way
2 Beds  •  2 Baths  •  1 Half Baths
1,292 livable square feet
$157,500 (For Sale)
Listing By: Acker Real Estate Service

2384 King Arthurs Ct
3 Beds  •  2 Baths  •  1 Half Baths
1,276 livable square feet
$179,000 (For Sale)
Listing By: Funkhouser Real Estate Group

2316 Lancelot Ln
3 Beds  •  2 Baths  •  1 Half Baths
1,368 livable square feet
$204,900 (For Sale)
Listing By: Funkhouser Real Estate Group
Neighborhood Map....
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Have Questions?  Contact Scott P. Rogers at 540-578-0102 or scott@HarrisonburgHousingToday.com.