A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
NORTHFIELD ESTATES
Northfield Estates • Parkcrest • Reherd Acres • Stonewall Heights
Sales Per Year....
| 2020 |
|
1 (ytd) |
| 2019 |
|
4 |
| 2018 |
|
10 |
| 2017 |
|
6 |
| 2016 |
|
6 |
Median Sales Price....
| 2020 |
|
$133,500 |
| 2019 |
|
$146,500 |
| 2018 |
|
$139,750 |
| 2017 |
|
$132,200 |
| 2016 |
|
$119,500 |
Sample Northfield Estates Investment Analysis....
| Property Details | ||
| Purchase Price | $155,000 | 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 | $1,318 | 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 | $558 | estimate based on recent trends |
| Utilities | $0 | assumes tenant pays all utilities |
| Advertising | $100 | estimate |
| Total Operating Expenses | $2,808 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $9,216 | |
| - Operating Expenses | - $2,808 | |
| Net Operating Income | $6,409 | |
| - Annual Debt Service | - $8,400 | financing 80% of the purchase price at 5.5% |
| Cash Flow Before Taxes | $-1,992 | |
Sales in the Past 36 Months....
| May 27, 2020 | 823 Northfield Ct, Harrisonburg, VA 22801 | 3 BR | 2 BA | 1,360 SF | $133,500 | |
| Aug 22, 2019 | 413 Glenfield Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,360 SF | $176,500 | |
| Jun 20, 2019 | 406 Glenfield Ct, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,146 SF | $139,000 | |
| May 17, 2019 | 410 Glenfield Ct, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,120 SF | $139,000 | |
| May 16, 2019 | 867 Northfield Ct, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,836 SF | $154,000 | |
| Dec 21, 2018 | 763 Northfield Ct, Harrisonburg, VA 22801 | 3 BR | 3.5 BA | 1,836 SF | $150,000 | |
| Dec 18, 2018 | 408 Glenfield Ct, Harrisonburg, VA 22801 | 2 BR | 1.5 BA | 1,146 SF | $133,000 | |
| Oct 15, 2018 | 448 Washington St, Harrisonburg, VA 22801 | 3 BR | 2 BA | 1,644 SF | $160,000 | |
| 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 |
Current Listings....
There are no properties on the market right now!
Neighborhood Map....