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
1122 Patrick Henry Pl, Harrisonburg, VA 22801     $165,000
MLS# 583113    Under Contract
Subdivision: Liberty Square
Area: Harrisonburg
Heating: Heat Pump
Cooling: Heat Pump
Circa: 2006 (13 years old)
Lot Size: 0.05 acres
Association Fee:   $50
Days on Market:   77 (since Nov 6, 2018)
Listing By: Kline May Realty
Convenient and Move in Ready! This freshly painted and well maintained home in Liberty Square is ready for new owners to move right in. Convenient to shopping, downtown, JMU, and Interstate-81. All three bedrooms are spacious, master with large walk-in closet. Whether you're looking for a first home or an investment opportunity, this home is the one!
Elementary School:  Smithland Middle School:  Skyline High School:  Harrisonburg
Sample Liberty Square Investment Analysis....
Property Details
Purchase Price $162,450 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 $1,381 estimate based on median sales price
Repairs $500 estimate based on typical property condition
Association Dues $600 estimated to be $50 per month
Property Management $0 assuming self management
Insurance $585 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $3,166  
Cash Flow Before Tax
Gross Operating Income $11,520  
 - Operating Expenses  - $3,166  
Net Operating Income $8,354     
 - Annual Debt Service  - $8,796 financing 80% of the purchase price at 5.5%
Cash Flow Before Taxes    $-442     

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