Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
 A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | 

College Rentals Multi Family Properties Newer Townhouses Upscale Townhouses Slightly Older Townhouses Foreclosures Bank Owned Properties
583 Stonewall Dr, Harrisonburg, VA 22801     $147,500
2 Beds    1 Baths, 1 Half Bath    1214 Square Feet    MLS# 562265    For Sale
Subdivision: Stonewall Heights
Area: Harrisonburg
Heating: Central Heat
Cooling: Heat Pump
Circa: 1999 (18 years old)
Lot Size: 0.14 acres
Association Fee:   $35
Days on Market:   157 (since Apr 15, 2017)
Listing By: Matchbox Realty & Management Services Inc.
This tastefully updated, end-unit townhome in Stonewall Heights features a spacious living room, wraparound kitchen with an abundance of countertop space, full-size washer/dryer, and a lovely master suite with vaulted ceilings and a large, naturally-lit walk-in closet for all your storage needs! Double windows on both levels offer an abundance of bright, natural light throughout. Property is leased through June 30, 2018 for $950/Month. Property is being sold subject to Lease Agreement and Subject to Property Management Agreement. As part of a Property Owners Association, the community remains picturesque year-round. Less than one mile away you’ll find The Sentara Rockingham Memorial Hospital.
Elementary School:  Stone Spring Middle School:  Skyline High School:  Harrisonburg
Sample Stonewall Heights Investment Analysis....
Property Details
Purchase Price $142,000 based on median sales price
Income (Annual)
Monthly Rental Rate $900 estimate based on currently available rental data   
Projected Vacancy 4% half a month per year
Gross Operating Income    $10,368     
Expense (Annual)
Real Estate Taxes $1,108 estimate based on median sales price
Repairs $450 estimate based on typical property condition
Association Dues $420 estimated to be $35 per month
Property Management $0 assuming self management
Insurance $511 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $2,589  
Cash Flow Before Tax
Gross Operating Income $10,368  
 - Operating Expenses  - $2,589  
Net Operating Income $7,779     
 - Annual Debt Service  - $7,368 financing 80% of the purchase price at 5.1%
Cash Flow Before Taxes    $411     

Learn About Investing   Investment Analysis Tools
Have Questions?  Contact Scott P. Rogers at 540-578-0102 or

Site Content and Analysis provided by Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
© 2017 Scott P. Rogers, All Rights Reserved  •  IDX Data Managed By Funkhouser Real Estate Group  •  Licensed in the Commonwealth of Virginia
401 University Blvd Harrisonburg, VA 22801


Additional Harrisonburg Real Estate Resources....

Popular (yet sometimes hard to find) Searches....

Popular New Home Communities....
Heritage Estates The Glen at Cross Keys The Townes at Bluestone Founders Way The Cottages at Stone Spring