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
MLS# 572362    For Sale
Subdivision: Stonewall Heights
Area: Harrisonburg
Heating: Central Heat
Cooling: Heat Pump
Circa: 1999 (19 years old)
Lot Size: 0.14 acres
Association Fee:   $35
Days on Market:   53 (since Feb 27, 2018)
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 W/D, 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 6-30-18 for $950/mo, but WILL NOT RENEW – ready for YOU to move-in in July! Unit will be Property is being sold subject to Lease Agreement and Subject to Property Management Agreement.
Elementary School:  Stone Spring Middle School:  Skyline High School:  Harrisonburg
Sample Stonewall Heights Investment Analysis....
Property Details
Purchase Price $0 based on median sales price
Income (Annual)
Monthly Rental Rate $950 estimate based on currently available rental data   
Projected Vacancy 4% half a month per year
Gross Operating Income    $10,944     
Expense (Annual)
Real Estate Taxes $0 estimate based on median sales price
Repairs $475 estimate based on typical property condition
Association Dues $420 estimated to be $35 per month
Property Management $0 assuming self management
Insurance $0 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $995  
Cash Flow Before Tax
Gross Operating Income $10,944  
 - Operating Expenses  - $995  
Net Operating Income $9,949     
 - Annual Debt Service  - $0 financing 80% of the purchase price at 5.4%
Cash Flow Before Taxes    $9,949     

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