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STONEWALL HEIGHTS
639 Stonewall Dr, Harrisonburg, VA 22801     $149,900
2 Beds    1 Baths, 1 Half Bath    1200 Square Feet    MLS# 563323    For Sale
Subdivision: Stonewall Heights
Area: Harrisonburg
Heating: Heat Pump
Cooling: Central AC
Circa: 2000 (17 years old)
Lot Size: 0.05 acres
Days on Market:   42 (since Jun 13, 2017)
Listing By: Kline May Realty, LLC
Well cared for in every way, this home has been loved. Nice updates and ready for move in this home will be no surprises...well... only good ones. This home is in a wonderful location that will make it convenient to everything. The Harrisonburg market is low on inventory so if you're looking for a nice townhome, this one is the one for you. Don't wait to see it ..... Come and make it yours.
Elementary School:  Stone Spring Middle School:  Skyline High School:  Harrisonburg
Sample Stonewall Heights Investment Analysis....
Property Details
Purchase Price $139,450 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 $1,088 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 $502 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $2,560  
 
Cash Flow Before Tax
Gross Operating Income $10,368  
 - Operating Expenses  - $2,560  
Net Operating Income $7,808     
 - Annual Debt Service  - $7,236 financing 80% of the purchase price at 5.1%
Cash Flow Before Taxes    $572     

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401 University Blvd Harrisonburg, VA 22801

 

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