Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
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HUNTERS RIDGE
1396 Hunters Rd, Harrisonburg, VA 22801     $89,900
MLS# 574765    Under Contract
Subdivision: Hunters Ridge
Area: Harrisonburg
Heating: Central Heat, Forced Air, Heat Pump
Cooling: Central AC, Heat Pump
Circa: 1986 (32 years old)
Lot Size: 0.00 acres
Association Fee:   $250
Days on Market:   5 (since Apr 16, 2018)
Listing By: Rocktown Realty LLC
Large 4 Bedroom, 2 bath Condo in Hunters Ridge, with close proximity to JMU. Unit is currently fully rented, and leases are already renewed through 7/31/19, at $1,260/month!
Elementary School:  Stone Spring Middle School:  Thomas Harrison High School:  Harrisonburg
Sample Hunters Ridge Investment Analysis....
Property Details
Purchase Price $0 based on median sales price
 
Income (Annual)
Monthly Rental Rate $775 estimate based on currently available rental data   
Projected Vacancy 4% half a month per year
Gross Operating Income    $8,928     
 
Expense (Annual)
Real Estate Taxes $0 estimate based on median sales price
Repairs $775 estimate based on typical property condition
Association Dues $3,300 estimated to be $275 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    $4,175  
 
Cash Flow Before Tax
Gross Operating Income $8,928  
 - Operating Expenses  - $4,175  
Net Operating Income $4,753     
 - Annual Debt Service  - $0 financing 80% of the purchase price at 5.4%
Cash Flow Before Taxes    $4,753     

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