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
1444 Bradley Dr, Harrisonburg, VA 22801     $128,000
MLS# 585234    Under Contract
Subdivision: Camden Townes
Area: Harrisonburg
Heating: None
Cooling: Central AC, Heat Pump
Circa: 1989 (30 years old)
Lot Size: 0.15 acres
Days on Market:   8 (since Feb 14, 2019)
Listing By: Valley Realty Associates
Close to JMU and shopping.
Elementary School:  Stone Spring Middle School:  Thomas Harrison High School:  Harrisonburg
Sample Camden Townes Investment Analysis....
Property Details
Purchase Price $126,000 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 $1,071 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 $454 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $4,945  
Cash Flow Before Tax
Gross Operating Income $16,128  
 - Operating Expenses  - $4,945  
Net Operating Income $11,183     
 - Annual Debt Service  - $6,828 financing 80% of the purchase price at 5.5%
Cash Flow Before Taxes    $4,355     

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