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
822 Meadowlark Dr, Harrisonburg, VA 22802     $141,900
MLS# 581718    For Sale
Subdivision: Ashby Meadows
Area: Harrisonburg
Heating: Heat Pump
Cooling: Central AC
Circa: 1980 (38 years old)
Lot Size: 0.00 acres
Association Fee:   $60
Days on Market:   57 (since Sep 21, 2018)
Listing By: Valley Realty Associates
tenant occupied. Tenants are on month to month rental. They pay $725 a month. If investor owned the tenants would stay. Should property be bought by owner- occupied they would move out.
Elementary School:  Smithland Middle School:  Skyline High School:  Harrisonburg
Sample Ashby Meadows Investment Analysis....
Property Details
Purchase Price $324,000 based on median sales price
Income (Annual)
Monthly Rental Rate $0 estimate based on currently available rental data   
Projected Vacancy 4% half a month per year
Gross Operating Income    $0     
Expense (Annual)
Real Estate Taxes $2,754 estimate based on median sales price
Repairs $0 estimate based on typical property condition
Association Dues $0 estimated to be $0 per month
Property Management $0 assuming self management
Insurance $1,166 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $4,020  
Cash Flow Before Tax
Gross Operating Income $0  
 - Operating Expenses  - $4,020  
Net Operating Income $-4,020     
 - Annual Debt Service  - $18,024 financing 80% of the purchase price at 5.75%
Cash Flow Before Taxes    $-22,044     

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