Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
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NORTHFIELD ESTATES
909 Northfield Ct, Harrisonburg, VA 22802     $142,000
MLS# 569283    Under Contract
Subdivision: Northfield Estates
Area: Harrisonburg
Heating: Heat Pump
Cooling: Heat Pump
Circa: 1989 (29 years old)
Lot Size: 0.06 acres
Association Fee:   $390
Days on Market:   168 (since Jan 1, 2018)
Listing By: Kline May Realty
Rare duplex offering in Northfield Estates! Tucked in at the back of Northfield Estates are duplex townhomes that do not come on the market often. On the main level, you will find a great open concept living room/dining room/kitchen flooded with natural light and a half bath. In the lower level, there are 3 bedrooms and a full bathroom. The back porch leads to a semi-private back yard patio that has great views of the mountains. Make an appointment to see it for yourself today!
Elementary School:  Smithland Middle School:  Skyline High School:  Harrisonburg
Sample Northfield Estates Investment Analysis....
Property Details
Purchase Price $139,750 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 $1,188 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 $503 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $2,527  
 
Cash Flow Before Tax
Gross Operating Income $9,216  
 - Operating Expenses  - $2,527  
Net Operating Income $6,689     
 - Annual Debt Service  - $7,488 financing 80% of the purchase price at 5.4%
Cash Flow Before Taxes    $-799     

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Have Questions?  Contact Scott P. Rogers at 540-578-0102 or scott@HarrisonburgHousingToday.com.