Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
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STONEWALL HEIGHTS
2341 Breckenridge Ct, Harrisonburg, VA 22801     $139,000
MLS# 583315    For Sale
Subdivision: Stonewall Heights
Area: Harrisonburg
Heating: Central Heat, Electric
Cooling: Central AC
Circa: 1993 (25 years old)
Lot Size: 0.06 acres
Association Fee:   $21
Days on Market:   11 (since Nov 6, 2018)
Listing By: Old Dominion Realty Crossroads
Great 2 bedroom townhouse in Harrisonburg City. Convenient to JMU, Sentara RMH and bus routes. Perfect for first-time buyer or investment.
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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Have Questions?  Contact Scott P. Rogers at 540-578-0102 or scott@HarrisonburgHousingToday.com.