A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
PHEASANT RUN
Hunters Ridge • Camden Townes • Fox Hill • Madison Manor • Pheasant Run • Campus View Condos
Sales Per Year....
| 2018 |
|
2 (ytd) |
| 2017 |
|
7 |
| 2016 |
|
5 |
| 2015 |
|
9 |
| 2014 |
|
1 |
| 2013 |
|
2 |
| 2012 |
|
2 |
| 2011 |
|
5 |
| 2010 |
|
1 |
| 2009 | 0 | |
| 2008 | 0 | |
| 2007 |
|
1 |
| 2006 | 0 | |
| 2005 | 0 | |
| 2004 | 0 |
Median Sales Price....
| 2018 |
|
$150,500 |
| 2017 |
|
$148,000 |
| 2016 |
|
$140,400 |
| 2015 |
|
$142,500 |
| 2014 |
|
$145,000 |
| 2013 |
|
$145,950 |
| 2012 |
|
$147,900 |
| 2011 |
|
$145,000 |
| 2010 |
|
$144,500 |
| 2009 | $0 | |
| 2008 | $0 | |
| 2007 |
|
$163,500 |
| 2006 | $0 | |
| 2005 | $0 | |
| 2004 | $0 |
Sample Pheasant Run Investment Analysis....
| Property Details | ||
| Purchase Price | $150,500 | based on median sales price |
| Income (Annual) | ||
| Monthly Rental Rate | $1,760 | estimate based on currently available rental data |
| Projected Vacancy | 4% | half a month per year |
| Gross Operating Income | $20,275 | |
| Expense (Annual) | ||
| Real Estate Taxes | $1,279 | estimate based on median sales price |
| Repairs | $1,760 | estimate based on typical property condition |
| Association Dues | $660 | estimated to be $55 per month |
| Property Management | $0 | assuming self management |
| Insurance | $542 | estimate based on recent trends |
| Utilities | $1,800 | |
| Advertising | $100 | estimate |
| Total Operating Expenses | $6,141 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $20,275 | |
| - Operating Expenses | - $6,141 | |
| Net Operating Income | $14,134 | |
| - Annual Debt Service | - $8,148 | financing 80% of the purchase price at 5.5% |
| Cash Flow Before Taxes | $5,986 | |
Sales in the Past 36 Months....
| Mar 9, 2018 | 530 Pheasant Run Cir, Harrisonburg, VA 22801 | 4 BR | 2.5 BA | 1,440 SF | $151,000 | |
| Jan 15, 2018 | 1748 Ashford Ct, Harrisonburg, VA 22801 | 4 BR | 2.5 BA | 1,440 SF | $150,000 | |
| Nov 1, 2017 | 578 Pheasant Run Cir, Harrisonburg, VA 22801 | 4 BR | 2.5 BA | 1,440 SF | $151,000 | |
| Aug 4, 2017 | 528 Pheasant Run Cir, Harrisonburg, VA 22801 | 4 BR | 2.5 BA | 1,440 SF | $149,000 | |
| Jul 15, 2017 | 520 Pheasant Run Cir, Harrisonburg, VA 22801 | 4 BR | 2.5 BA | 1,440 SF | $140,000 | |
| Jun 28, 2017 | 480 Pheasant Run Cir, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,440 SF | $148,000 | |
| Jun 28, 2017 | 560 Pheasant Run Cir, Harrisonburg, VA 22801 | 4 BR | 2.5 BA | 1,440 SF | $149,900 | |
| Apr 26, 2017 | 571 Pheasant Run Cir, Harrisonburg, VA 22801 | 4 BR | 2.5 BA | 1,440 SF | $144,000 | |
| Jan 13, 2017 | 569 Pheasant Run Cir, Harrisonburg, VA 22801 | 4 BR | 2.5 BA | 1,440 SF | $142,000 | |
| Nov 22, 2016 | 496 Pheasant Run Cir, Harrisonburg, VA 22801 | 4 BR | 2.5 BA | 1,440 SF | $140,000 | |
| Oct 12, 2016 | 482 Pheasant Run Cir, Harrisonburg, VA 22801 | 4 BR | 2.5 BA | 1,440 SF | $145,000 | |
| Sep 16, 2016 | 532 Pheasant Run Cir, Harrisonburg, VA 22801 | 4 BR | 2.5 BA | 1,440 SF | $140,400 | |
| Aug 31, 2016 | 577 Pheasant Run Cir, Harrisonburg, VA 22801 | 4 BR | 2.5 BA | 1,440 SF | $143,000 | |
| Jul 22, 2016 | 1740 Ashford Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,440 SF | $137,250 | |
| Dec 30, 2015 | 1756 Ashford Ct, Harrisonburg, VA 22801 | 4 BR | 2.5 BA | 1,440 SF | $142,500 | |
| Oct 23, 2015 | 1752 Ashford Ct, Harrisonburg, VA 22801 | 4 BR | 2.5 BA | 1,440 SF | $144,900 | |
| Sep 11, 2015 | 1742 Ashford Ct, Harrisonburg, VA 22801 | 4 BR | 2.5 BA | 1,440 SF | $139,900 | |
| Jul 24, 2015 | 536 Pheasant Run Cir, Harrisonburg, VA 22801 | 4 BR | 2.5 BA | 1,440 SF | $145,000 |
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