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
841 Northfield Ct, Harrisonburg, VA 22802     $141,900
MLS# 565006    For Sale
Subdivision: Northfield Estates
Area: Harrisonburg
Heating: Electric, Heat Pump
Cooling: Central AC
Circa: 1993 (25 years old)
Lot Size: 0.03 acres
Days on Market:   239 (since Jul 24, 2017)
Listing By: Kline May Realty LLC
Come see this brick townhouse offering 3 bedrooms, 1 1/2 baths. Updates within past 10 years include new roof and new heat pump.
Elementary School:  Spotswood (Harrisonburg) Middle School:  Thomas Harrison High School:  Harrisonburg
Sample Northfield Estates Investment Analysis....
Property Details
Purchase Price $137,750 based on median sales price
Income (Annual)
Monthly Rental Rate $800 estimate based on currently available rental data   
Projected Vacancy 4% half a month per year
Gross Operating Income    $9,216     
Expense (Annual)
Real Estate Taxes $1,171 estimate based on median sales price
Repairs $400 estimate based on typical property condition
Association Dues $336 estimated to be $28 per month
Property Management $0 assuming self management
Insurance $496 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $2,503  
Cash Flow Before Tax
Gross Operating Income $9,216  
 - Operating Expenses  - $2,503  
Net Operating Income $6,713     
 - Annual Debt Service  - $7,140 financing 80% of the purchase price at 5.1%
Cash Flow Before Taxes    $-427     

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