Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
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MADISON MANOR
Hunters Ridge  •  Camden Townes  •  Fox Hill  •  Madison Manor  •  Pheasant Run  •  Campus View Condos
madison manor
Sales Per Year....
2017 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  7  (ytd)
2016 Townhouse Sale  1
2015 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  3
2014 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  3
2013 Townhouse Sale  Townhouse Sale  2
2012 0
2011 Townhouse Sale  1
2010 Townhouse Sale  Townhouse Sale  2
2009 Townhouse Sale  1
2008 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  3
2007 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  4
2006 Townhouse Sale  Townhouse Sale  2
2005 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  7
2004 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  5
2003 0
 
Median Sales Price....
2017 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $72,000
2016 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $66,500
2015 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $65,000
2014 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $64,000
2013 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $77,000
2012 $0
2011 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $70,000
2010 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $56,250
2009 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $107,000
2008 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $103,500
2007 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $104,500
2006 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $107,450
2005 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $97,500
2004 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $69,000
2003 $0


Sample Madison Manor Investment Analysis....
Property Details
Purchase Price $71,500 based on median sales price
 
Income (Annual)
Monthly Rental Rate $750 estimate based on currently available rental data   
Projected Vacancy 4% half a month per year
Gross Operating Income    $8,640     
 
Expense (Annual)
Real Estate Taxes $558 estimate based on median sales price
Repairs $750 estimate based on typical property condition
Association Dues $2,040 estimated to be $170 per month
Property Management $0 assuming self management
Insurance $257 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $3,705  
 
Cash Flow Before Tax
Gross Operating Income $8,640  
 - Operating Expenses  - $3,705  
Net Operating Income $4,935     
 - Annual Debt Service  - $3,708 financing 80% of the purchase price at 5.1%
Cash Flow Before Taxes    $1,227     
Sales in the Past 36 Months....
Sep 1, 2017 1010 Blue Ridge Dr, Harrisonburg, VA 22801 2 BR 2 BA 1,012 SF $60,000 photos
Aug 15, 2017 1034 Blue Ridge Dr, Harrisonburg, VA 22801 3 BR 2 BA 0 SF $74,000 photos
Jun 15, 2017 1221 Old Furnace Rd, Harrisonburg, VA 22801 4 BR 2.5 BA 1,240 SF $89,900 photos
Jun 13, 2017 1229 Old Furnace Rd, Harrisonburg, VA 22801 4 BR 2.5 BA 1,240 SF $85,500 photos
May 15, 2017 1010 Blue Ridge Dr, Harrisonburg, VA 22801 3 BR 2 BA 1,108 SF $72,000 photos
Mar 31, 2017 1026 Blue Ridge Dr, Harrisonburg, VA 22801 2 BR 2 BA 1,012 SF $58,000 photos
Feb 16, 2017 1014 Blue Ridge Dr, Harrisonburg, VA 22801 3 BR 2 BA 1,108 SF $71,000 photos
Feb 3, 2016 1014 Blue Ridge Dr, Harrisonburg, VA 22801 2 BR 2 BA 1,012 SF $66,500 photos
Jun 1, 2015 1014 Blue Ridge Dr, Harrisonburg, VA 22801 3 BR 2 BA 1,108 SF $65,000 photos
Feb 27, 2015 1014 Blue Ridge Dr, Harrisonburg, VA 22801 3 BR 2 BA 1,108 SF $65,000 photos
Jan 21, 2015 1014 Blue Ridge Dr, Harrisonburg, VA 22801 3 BR 2 BA 1,108 SF $62,000 photos
Current Listings....

1211 Old Furnace Rd
4 Beds  •  2 Baths  •  1 Half Baths
1,240 livable square feet
$79,900 (For Sale)
Listing By: Hometown Realty Group, Inc
Neighborhood Map....
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Have Questions?  Contact Scott P. Rogers at 540-578-0102 or scott@HarrisonburgHousingToday.com.

 
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401 University Blvd Harrisonburg, VA 22801

 

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