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
1322 Bradley Dr, Harrisonburg, VA 22801     $129,900
MLS# 585185    For Sale
Subdivision: Camden Townes
Area: Harrisonburg
Heating: Electric, Heat Pump
Cooling: Central AC
Circa: 1989 (30 years old)
Lot Size: 0.15 acres
Association Fee:   $160
Days on Market:   142 (since Jan 25, 2019)
Listing By: Rocktown Realty LLC
This townhome is located right by JMU - Excellent investment opportunity! This unit is currently rented, with a gross rental income of $1,200/month. Similar units that are fully renovated have a gross rental income of over $1,600/month! This unit is leased through June 30, 2020!
Elementary School:  Stone Spring Middle School:  Thomas Harrison High School:  Harrisonburg
Sample Camden Townes Investment Analysis....
Property Details
Purchase Price $130,000 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 $1,105 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 $468 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $4,993  
Cash Flow Before Tax
Gross Operating Income $16,128  
 - Operating Expenses  - $4,993  
Net Operating Income $11,135     
 - Annual Debt Service  - $7,044 financing 80% of the purchase price at 5.5%
Cash Flow Before Taxes    $4,091     

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