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HARMONY HEIGHTS

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

Sales Per Year....

2017		7 (ytd)
2016		10
2015		12
2014		8
2013		8

Median Sales Price....

2017		$189,900
2016		$195,500
2015		$195,000
2014		$196,000
2013		$166,000

Sample Harmony Heights Investment Analysis....

Property Details
Purchase Price	$194,450	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	$1,517	estimate based on median sales price
Repairs	$500	estimate based on typical property condition
Association Dues	$540	estimated to be $45 per month
Property Management	$0	assuming self management
Insurance	$700	estimate based on recent trends
Utilities	$0	assumes tenant pays all utilities
Advertising	$100	estimate
Total Operating Expenses	$3,357

Cash Flow Before Tax
Gross Operating Income	$11,520
- Operating Expenses	- $3,357
Net Operating Income	$8,163
- Annual Debt Service	- $10,080	financing 80% of the purchase price at 5.1%
Cash Flow Before Taxes	$-1,917

Sales in the Past 36 Months....

Oct 13, 2017	1228 Old Windmill Cir, Harrisonburg, VA 22801	3 BR	2.5 BA	1,414 SF	$145,000	photos hide

Oct 11, 2017	2341 Virginia Ave, Harrisonburg, VA 22801	3 BR	2.5 BA	1,874 SF	$189,900	photos hide

Aug 25, 2017	1402 Old Windmill Cir, Harrisonburg, VA 22801	3 BR	2.5 BA	1,412 SF	$170,000	photos hide

Aug 10, 2017	1963 Buttonwood Ct, Harrisonburg, VA 22801	3 BR	3.5 BA	2,182 SF	$210,000	photos hide

Jun 21, 2017	1272 Old Windmill Cir, Harrisonburg, VA 22801	3 BR	2.5 BA	1,400 SF	$149,900	photos hide

May 5, 2017	1987 Buttonwood Ct, Harrisonburg, VA 22801	3 BR	3.5 BA	2,182 SF	$205,000

Apr 19, 2017	1962 Buttonwood Ct, Harrisonburg, VA 22801	3 BR	3.5 BA	2,390 SF	$199,900

Dec 22, 2016	2009 Buttonwood Ct, Harrisonburg, VA 22801	3 BR	3.5 BA	2,580 SF	$199,000	photos hide

Aug 26, 2016	1240 Old Windmill Cir, Harrisonburg, VA 22801	3 BR	2.5 BA	1,412 SF	$150,000	photos hide

Jun 21, 2016	2005 Buttonwood Ct, Harrisonburg, VA 22801	3 BR	3.5 BA	2,236 SF	$199,500	photos hide

Jun 17, 2016	1262 Old Windmill Cir, Harrisonburg, VA 22801	3 BR	2.5 BA	1,412 SF	$147,500	photos hide

May 13, 2016	2013 Buttonwood Ct, Harrisonburg, VA 22801	3 BR	3.5 BA	2,090 SF	$197,000	photos hide

May 12, 2016	2131 Lake Terrace Dr, Harrisonburg, VA 22801	4 BR	4 BA	2,600 SF	$350,000	photos hide

Apr 29, 2016	1260 Old Windmill Cir, Harrisonburg, VA 22801	3 BR	2.5 BA	1,412 SF	$145,000	photos hide

Apr 28, 2016	1246 Old Windmill Cir, Harrisonburg, VA 22801	3 BR	2.5 BA	1,400 SF	$140,750	photos hide

Apr 27, 2016	2017 Buttonwood Ct, Harrisonburg, VA 22801	3 BR	3.5 BA	2,104 SF	$198,000	photos hide

Jan 15, 2016	1974 Buttonwood Ct, Harrisonburg, VA 22801	3 BR	3.5 BA	2,628 SF	$194,000	photos hide

Dec 23, 2015	1312 Old Windmill Cir, Harrisonburg, VA 22801	3 BR	2.5 BA	1,414 SF	$129,275	photos hide

Oct 23, 2015	1941 Buttonwood Ct, Harrisonburg, VA 22801	3 BR	3.5 BA	2,134 SF	$197,000	photos hide

Oct 19, 2015	1330 Old Windmill Cir, Harrisonburg, VA 22801	3 BR	2.5 BA	1,428 SF	$139,500	photos hide

Sep 17, 2015	1230 Old Windmill Cir, Harrisonburg, VA 22801	3 BR	2.5 BA	1,412 SF	$133,500	photos hide

Jul 20, 2015	2049 Buttonwood Ct, Harrisonburg, VA 22801	3 BR	3.5 BA	2,391 SF	$195,000	photos hide

Jul 14, 2015	2057 Buttonwood Ct, Harrisonburg, VA 22801	3 BR	3.5 BA	2,391 SF	$197,000	photos hide

Jun 11, 2015	2049 Buttonwood Ct, Harrisonburg, VA 22801	3 BR	3.5 BA	2,566 SF	$195,000	photos hide

May 15, 2015	2045 Buttonwood Ct, Harrisonburg, VA 22801	3 BR	3.5 BA	2,878 SF	$197,000	photos hide

May 14, 2015	1314 Old Windmill Cir, Harrisonburg, VA 22801	3 BR	2.5 BA	1,400 SF	$139,500	photos hide

Mar 31, 2015	1338 Old Windmill Cir, Harrisonburg, VA 22801	3 BR	2.5 BA	1,412 SF	$154,000	photos hide

Jan 30, 2015	2132 Lake Terrace Dr, Harrisonburg, VA 22801	3 BR	2 BA	1,562 SF	$195,000	photos hide

Jan 9, 2015	2075 Buttonwood Ct, Harrisonburg, VA 22801	3 BR	3.5 BA	2,083 SF	$200,503	photos hide

Dec 19, 2014	2013 Buttonwood Ct, Harrisonburg, VA 22801	3 BR	3.5 BA	2,236 SF	$197,000	photos hide

Current Listings....

1661 Buttonwood Ct
2 Beds • 1 Baths • 1 Half Baths
972 livable square feet
$127,900 (For Sale)
Listing By: Hometown Realty Group, Inc

1657 Buttonwood Ct
3 Beds • 1 Baths • 1 Half Baths
1,240 livable square feet
$134,900 (For Sale)
Listing By: Hometown Realty Group, Inc

2273 Lake Terrace Dr
3 Beds • 2 Baths
1,785 livable square feet
$244,900 (For Sale)
Listing By: Kline May Realty, LLC

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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