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....
| 2018 |
|
2 (ytd) |
| 2017 |
|
6 |
| 2016 |
|
7 |
| 2015 |
|
9 |
| 2014 |
|
3 |
Median Sales Price....
| 2018 |
|
$139,450 |
| 2017 |
|
$117,750 |
| 2016 |
|
$109,400 |
| 2015 |
|
$110,000 |
| 2014 |
|
$105,000 |
Sample Parkcrest Investment Analysis....
| Property Details | ||
| Purchase Price | $128,000 | 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 | $1,088 | 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 | $461 | estimate based on recent trends |
| Utilities | $0 | assumes tenant pays all utilities |
| Advertising | $100 | estimate |
| Total Operating Expenses | $2,601 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $9,504 | |
| - Operating Expenses | - $2,601 | |
| Net Operating Income | $6,903 | |
| - Annual Debt Service | - $6,936 | financing 80% of the purchase price at 5.5% |
| Cash Flow Before Taxes | $-33 | |
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 | |
| Oct 29, 2015 | 1155 Commercial Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $105,000 | |
| Oct 27, 2015 | 1046 Commercial Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $96,550 | |
| Sep 29, 2015 | 272 Commerce Dr, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $114,000 | |
| Sep 23, 2015 | 122 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
228 Commerce Dr
3 Beds • 2 Baths • 1 Half Baths
1,120 livable square feet
$139,900 (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....