Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
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CAMDEN TOWNES
1466 Bradley Dr, Harrisonburg, VA 22801     $129,900
MLS# 581741    For Sale
Subdivision: Camden Townes
Area: Harrisonburg
Heating: Heat Pump
Cooling: Central AC
Circa: 1989 (29 years old)
Lot Size: 0.05 acres
Association Fee:   $160
Days on Market:   55 (since Sep 23, 2018)
Listing By: Rocktown Realty LLC
Great investment opportunity!! Located right by JMU, this unit is currently rented for $1,400 a month. Buy one for your student and their friends or make it a rental. Call to make an appointment now!
Elementary School:  Stone Spring Middle School:  Thomas Harrison High School:  Harrisonburg
Sample Camden Townes Investment Analysis....
Property Details
Purchase Price $125,000 based on median sales price
 
Income (Annual)
Monthly Rental Rate $1,400 estimate based on currently available rental data   
Projected Vacancy 4% half a month per year
Gross Operating Income    $16,128     
 
Expense (Annual)
Real Estate Taxes $1,063 estimate based on median sales price
Repairs $1,400 estimate based on typical property condition
Association Dues $1,920 estimated to be $160 per month
Property Management $0 assuming self management
Insurance $450 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $4,933  
 
Cash Flow Before Tax
Gross Operating Income $16,128  
 - Operating Expenses  - $4,933  
Net Operating Income $11,196     
 - Annual Debt Service  - $6,960 financing 80% of the purchase price at 5.75%
Cash Flow Before Taxes    $4,236     

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