Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
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LIBERTY SQUARE
1036 Molly Pitcher Pl, Harrisonburg, VA 22802     $156,900
MLS# 573677    For Sale
Subdivision: Liberty Square
Area: Harrisonburg
Heating: Central Heat, Electric, Heat Pump
Cooling: Heat Pump
Circa: 2006 (12 years old)
Lot Size: 0.05 acres
Association Fee:   $50
Days on Market:   28 (since Mar 24, 2018)
Listing By: Funkhouser Real Estate Group
Nicely maintained interior townhouse unit with front porch, rear patio with storage closet. Living room, dining area, kitchen, and half bath on the first floor, Master bedroom with vaulted ceiling and private bath, plus two additional bedrooms and hall bath in upstairs. The association fee includes exterior grounds maintenance.
Elementary School:  Smithland Middle School:  Skyline High School:  Harrisonburg
Sample Liberty Square Investment Analysis....
Property Details
Purchase Price $0 based on median sales price
 
Income (Annual)
Monthly Rental Rate $1,000 estimate based on currently available rental data   
Projected Vacancy 4% half a month per year
Gross Operating Income    $11,520     
 
Expense (Annual)
Real Estate Taxes $0 estimate based on median sales price
Repairs $500 estimate based on typical property condition
Association Dues $660 estimated to be $55 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    $1,260  
 
Cash Flow Before Tax
Gross Operating Income $11,520  
 - Operating Expenses  - $1,260  
Net Operating Income $10,260     
 - Annual Debt Service  - $0 financing 80% of the purchase price at 5.4%
Cash Flow Before Taxes    $10,260     

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