A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
PARKCREST
Northfield Estates • Parkcrest • Reherd Acres • Stonewall Heights
Sales Per Year....
| 2020 |
|
1 (ytd) |
| 2019 |
|
8 |
| 2018 |
|
2 |
| 2017 |
|
6 |
| 2016 |
|
7 |
Median Sales Price....
| 2020 |
|
$140,000 |
| 2019 |
|
$132,213 |
| 2018 |
|
$139,450 |
| 2017 |
|
$117,750 |
| 2016 |
|
$109,400 |
Sample Parkcrest Investment Analysis....
| Property Details | ||
| Purchase Price | $139,500 | 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 | $1,186 | 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 | $502 | estimate based on recent trends |
| Utilities | $0 | assumes tenant pays all utilities |
| Advertising | $100 | estimate |
| Total Operating Expenses | $2,740 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $9,504 | |
| - Operating Expenses | - $2,740 | |
| Net Operating Income | $6,764 | |
| - Annual Debt Service | - $7,560 | financing 80% of the purchase price at 5.5% |
| Cash Flow Before Taxes | $-796 | |
Sales in the Past 36 Months....
| Apr 20, 2020 | 1024 Commercial Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $140,000 | |
| Oct 31, 2019 | 1230 Commercial Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $139,000 | |
| Aug 20, 2019 | 1161 Commercial Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $140,000 | |
| Aug 13, 2019 | 262 Commerce Dr, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $125,325 | |
| May 30, 2019 | 1117 Commercial Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $128,000 | |
| May 15, 2019 | 118 Commerce Dr, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,008 SF | $134,000 | |
| May 6, 2019 | 228 Commerce Dr, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $133,000 | |
| Jan 31, 2019 | 116 Commerce Dr, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,008 SF | $131,000 | |
| Jan 31, 2019 | 1155 Commercial Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $131,425 | |
| 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 |
Current Listings....
There are no properties on the market right now!
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