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PARKCREST

Northfield Estates • Parkcrest • Reherd Acres • Stonewall Heights

Sales Per Year....

2017		3 (ytd)
2016		7
2015		8
2014		2
2013		6

Median Sales Price....

2017		$118,000
2016		$109,400
2015		$112,000
2014		$106,000
2013		$102,670

Sample Parkcrest Investment Analysis....

Property Details
Purchase Price	$118,950	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	$928	estimate based on median sales price
Repairs	$400	estimate based on typical property condition
Association Dues	$540	estimated to be $45 per month
Property Management	$0	assuming self management
Insurance	$428	estimate based on recent trends
Utilities	$0	assumes tenant pays all utilities
Advertising	$100	estimate
Total Operating Expenses	$2,396

Cash Flow Before Tax
Gross Operating Income	$9,216
- Operating Expenses	- $2,396
Net Operating Income	$6,820
- Annual Debt Service	- $6,168	financing 80% of the purchase price at 5.1%
Cash Flow Before Taxes	$652

Sales in the Past 36 Months....

Jun 20, 2017	1026 Commercial Ct, Harrisonburg, VA 22801	3 BR	2.5 BA	1,120 SF	$118,000	photos hide

May 22, 2017	1040 Commercial Ct, Harrisonburg, VA 22801	3 BR	2.5 BA	1,120 SF	$120,000	photos hide

May 5, 2017	1052 Commercial Ct, Harrisonburg, VA 22801	3 BR	2.5 BA	1,120 SF	$117,500	photos hide

Dec 8, 2016	1222 Commercial Ct, Harrisonburg, VA 22801	3 BR	2.5 BA	1,120 SF	$100,000	photos hide

Oct 14, 2016	230 Commerce Dr, Harrisonburg, VA 22801	3 BR	2.5 BA	1,120 SF	$119,900	photos hide

Oct 14, 2016	1216 Commercial Ct, Harrisonburg, VA 22801	3 BR	2.5 BA	1,120 SF	$122,000	photos hide

Jun 30, 2016	276 Commerce Dr, Harrisonburg, VA 22801	3 BR	2.5 BA	1,120 SF	$101,111	photos hide

May 31, 2016	1171 Commercial Ct, Harrisonburg, VA 22801	3 BR	2.5 BA	1,120 SF	$120,000	photos hide

Apr 11, 2016	110 Commerce Dr, Harrisonburg, VA 22801	3 BR	2.5 BA	1,120 SF	$109,400	photos hide

Jan 12, 2016	1042 Commercial Ct, Harrisonburg, VA 22801	3 BR	2.5 BA	1,120 SF	$99,000	photos hide

Dec 16, 2015	264 Commerce Dr, Harrisonburg, VA 22801	3 BR	2.5 BA	1,120 SF	$110,000	photos hide

Oct 27, 2015	1046 Commercial Ct, Harrisonburg, VA 22801	3 BR	2.5 BA	1,120 SF	$96,550	photos hide

Sep 29, 2015	272 Commerce Dr, Harrisonburg, VA 22801	3 BR	2.5 BA	1,120 SF	$114,000	photos hide

Sep 23, 2015	122 Commerce Dr, Harrisonburg, VA 22801	3 BR	2.5 BA	1,120 SF	$110,000	photos hide

Aug 27, 2015	222 Commerce Dr, Harrisonburg, VA 22801	3 BR	2.5 BA	1,120 SF	$115,000	photos hide

Jun 30, 2015	1120 Commercial Ct, Harrisonburg, VA 22801	3 BR	2.5 BA	1,120 SF	$109,000	photos hide

May 25, 2015	270 Commerce Dr, Harrisonburg, VA 22801	3 BR	2.5 BA	1,120 SF	$121,000	photos hide

Apr 23, 2015	1250 Commercial Ct, Harrisonburg, VA 22801	3 BR	2.5 BA	1,120 SF	$119,900	photos hide

Sep 19, 2014	246 Commerce Dr, Harrisonburg, VA 22801	3 BR	2.5 BA	1,120 SF	$107,000	photos hide

Current Listings....

1141 Commercial Ct
3 Beds • 2 Baths • 1 Half Baths
1,120 livable square feet
$135,000 (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.

Site Content and Analysis provided by Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group

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