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 

College Rentals Multi Family Properties Newer Townhouses Upscale Townhouses Slightly Older Townhouses Foreclosures Bank Owned Properties
PARKCREST
Northfield Estates  •  Parkcrest  •  Reherd Acres  •  Stonewall Heights
parkcrest
Sales Per Year....
2018 Townhouse Sale  Townhouse Sale  2  (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  Townhouse Sale  7
2015 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  9
2014 Townhouse Sale  Townhouse Sale  Townhouse Sale  3
 
Median Sales Price....
2018 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $139,450
2017 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $117,750
2016 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $109,400
2015 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $110,000
2014 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $105,000


Sample Parkcrest Investment Analysis....
Property Details
Purchase Price $119,950 based on median sales price
 
Income (Annual)
Monthly Rental Rate $825 estimate based on currently available rental data   
Projected Vacancy 4% half a month per year
Gross Operating Income    $9,504     
 
Expense (Annual)
Real Estate Taxes $1,020 estimate based on median sales price
Repairs $413 estimate based on typical property condition
Association Dues $540 estimated to be $45 per month
Property Management $0 assuming self management
Insurance $432 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $2,504  
 
Cash Flow Before Tax
Gross Operating Income $9,504  
 - Operating Expenses  - $2,504  
Net Operating Income $7,000     
 - Annual Debt Service  - $6,672 financing 80% of the purchase price at 5.75%
Cash Flow Before Taxes    $328     
Sales in the Past 36 Months....
Aug 31, 2018 1214 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $133,900  
Jun 25, 2018 1151 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $145,000  
Dec 18, 2017 1256 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $106,000  
Nov 17, 2017 1258 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $106,000  
Oct 10, 2017 1141 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $128,000  
Jun 20, 2017 1026 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $118,000  
May 22, 2017 1040 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $120,000  
May 5, 2017 1052 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $117,500  
Dec 8, 2016 1222 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $100,000  
Oct 14, 2016 230 Commerce Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $119,900  
Oct 14, 2016 1216 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $122,000  
Jun 30, 2016 276 Commerce Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $101,111  
May 31, 2016 1171 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $120,000  
Apr 11, 2016 110 Commerce Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $109,400  
Jan 12, 2016 1042 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $99,000  
Dec 16, 2015 264 Commerce Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $110,000  
Current Listings....

116 Commerce Dr
3 Beds  •  2 Baths  •  1 Half Baths
1,008 livable square feet
$135,000 (For Sale)
Listing By: Valley Realty Associates

1155 Commercial Ct
3 Beds  •  2 Baths  •  1 Half Baths
1,120 livable square feet
$137,000 (For Sale)
Listing By: Funkhouser Real Estate Group

228 Commerce Dr
3 Beds  •  2 Baths  •  1 Half Baths
1,120 livable square feet
$141,000 (For Sale)
Listing By: Valley Realty Associates

1264 Commercial Ct
3 Beds  •  2 Baths  •  1 Half Baths
1,120 livable square feet
$144,000 (For Sale)
Listing By: Kline May Realty
Neighborhood Map....
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Have Questions?  Contact Scott P. Rogers at 540-578-0102 or scott@HarrisonburgHousingToday.com.