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
2325 Breckenridge Ct, Harrisonburg, VA 22801     $149,900
MLS# 579461    Under Contract
Subdivision: Stonewall Heights
Area: Harrisonburg
Heating: Central Heat
Cooling: Central AC, Heat Pump
Circa: 1997 (21 years old)
Lot Size: 0.05 acres
Association Fee:   $21
Days on Market:   114 (since Jul 26, 2018)
Listing By: Funkhouser Real Estate Group
This 1,800sf townhome has 2 bedrooms, 2 ½ bathrooms, a finished basement and offers easy access to James Madison University and RMH Sentara Hospital. The first floor has hardwood floors in the family room, granite countertops in the kitchen, a half bath and access to a nice deck overlooking the fenced backyard. The second floor offers two bedrooms and a full bathroom. The lower level is finished with a family room, full bathroom and access to the backyard. This home is move-in ready and can close quickly.
Elementary School:  Stone Spring Middle School:  Skyline High School:  Harrisonburg
Sample Stonewall Heights Investment Analysis....
Property Details
Purchase Price $148,450 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 $1,262 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 $534 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $2,791  
Cash Flow Before Tax
Gross Operating Income $10,944  
 - Operating Expenses  - $2,791  
Net Operating Income $8,153     
 - Annual Debt Service  - $8,256 financing 80% of the purchase price at 5.75%
Cash Flow Before Taxes    $-103     

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