Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
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LIBERTY SQUARE
1400 Founders Way, Harrisonburg, VA 22802     $175,000
MLS# 574188    For Sale
Subdivision: Liberty Square
Area: Harrisonburg
Garage: 2-Car Garage
Heating: Electric, Heat Pump
Cooling: Heat Pump
Circa: 2006 (12 years old)
Lot Size: 0.12 acres
Association Fee:   $55
Days on Market:   17 (since Apr 4, 2018)
Listing By: Funkhouser Real Estate Group
Rare chance to own an end unit, 3-level townhouse in Liberty Square. This 3 bedroom, 3.5 bath design presents a strong investment opportunity. Currently leased at $1250/mo until February 2019. Enjoy a flowing floorplan with a generous living room and open concept kitchen and dining room with hardwood floors throughout the main level. Upstairs you will find spacious bedrooms, including a master bedroom with walk-in closet and private bath. Fully finished walkout basement is great additional living space. Detached 2 car garage is a rare added bonus! Long history of rental success with minimal vacancy. New carpet and fresh paint!
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.