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 

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NORTHFIELD ESTATES
Northfield Estates  •  Parkcrest  •  Reherd Acres  •  Stonewall Heights
northfield estates
Sales Per Year....
2018 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  7  (ytd)
2017 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  6
2016 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  6
2015 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  7
2014 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  9
 
Median Sales Price....
2018 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $139,500
2017 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $132,200
2016 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $119,500
2015 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $112,000
2014 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $116,000


Sample Northfield Estates Investment Analysis....
Property Details
Purchase Price $139,750 based on median sales price
 
Income (Annual)
Monthly Rental Rate $800 estimate based on currently available rental data   
Projected Vacancy 4% half a month per year
Gross Operating Income    $9,216     
 
Expense (Annual)
Real Estate Taxes $1,188 estimate based on median sales price
Repairs $400 estimate based on typical property condition
Association Dues $432 estimated to be $36 per month
Property Management $0 assuming self management
Insurance $503 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $2,623  
 
Cash Flow Before Tax
Gross Operating Income $9,216  
 - Operating Expenses  - $2,623  
Net Operating Income $6,593     
 - Annual Debt Service  - $7,572 financing 80% of the purchase price at 5.5%
Cash Flow Before Taxes    $-979     
Sales in the Past 36 Months....
Sep 19, 2018 940 Northfield Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,300 SF $123,000  
Sep 17, 2018 401 Glenfield Dr, Harrisonburg, VA 22801 3 BR 1.5 BA 1,120 SF $133,000  
Jun 28, 2018 661 Northfield Ct, Harrisonburg, VA 22801 2 BR 2.5 BA 1,980 SF $158,000  
Jun 22, 2018 909 Northfield Ct, Harrisonburg, VA 22801 3 BR 1.5 BA 1,146 SF $139,000  
Apr 30, 2018 841 Northfield Ct, Harrisonburg, VA 22801 3 BR 1.5 BA 1,224 SF $140,000  
Apr 16, 2018 463 Northglen Ln, Harrisonburg, VA 22801 3 BR 3.5 BA 1,830 SF $155,000  
Mar 28, 2018 837 Northfield Ct, Harrisonburg, VA 22801 3 BR 1.5 BA 1,224 SF $139,500  
Aug 31, 2017 667 Northfield Ct, Harrisonburg, VA 22801 2 BR 2.5 BA 1,857 SF $143,000  
Jun 30, 2017 420 Washington St, Harrisonburg, VA 22801 3 BR 2.5 BA 1,620 SF $112,000  
Jun 27, 2017 869 Northfield Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,360 SF $132,500  
May 18, 2017 412 Glenfield Ct, Harrisonburg, VA 22801 3 BR 1.5 BA 1,360 SF $149,900  
Feb 14, 2017 405 Glenfield Ct, Harrisonburg, VA 22801 3 BR 1.5 BA 560 SF $126,000  
Jan 11, 2017 813 Northfield Ct, Harrisonburg, VA 22801 3 BR 1.5 BA 1,224 SF $131,900  
Dec 16, 2016 891 Northfield Ct, Harrisonburg, VA 22801 3 BR 1.5 BA 1,224 SF $124,000  
Nov 18, 2016 651 Northfield Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,320 SF $135,500  
Oct 28, 2016 855 Northfield Ct, Harrisonburg, VA 22801 3 BR 1.5 BA 2,303 SF $141,500  
Jun 15, 2016 922 Northfield Ct, Harrisonburg, VA 22801 3 BR 1.5 BA 1,080 SF $115,000  
Apr 25, 2016 920 Northfield Ct, Harrisonburg, VA 22801 3 BR 1.5 BA 1,080 SF $112,500  
Apr 7, 2016 721 Northfield Ct, Harrisonburg, VA 22801 3 BR 2 BA 1,508 SF $102,750  
Dec 22, 2015 408 Washington St, Harrisonburg, VA 22801 3 BR 2.5 BA 1,810 SF $134,000  
Nov 4, 2015 655 Northfield Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,320 SF $105,000  
Oct 22, 2015 408 Northfield Ct, Harrisonburg, VA 22801 2 BR 1.5 BA 1,154 SF $96,000  
Current Listings....

408 Glenfield Ct
2 Beds  •  1 Baths  •  1 Half Baths
1,146 livable square feet
$131,500 (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.