Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
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AVALON WOODS
2339 Avalon Woods Dr, Harrisonburg, VA 22801     $169,900
MLS# 585260    For Sale
Subdivision: Avalon Woods
Area: Harrisonburg
Heating: Electric, Heat Pump
Cooling: Central AC, Heat Pump
Circa: 2002 (17 years old)
Lot Size: 0.05 acres
Association Fee:   $50
Days on Market:   25 (since Jan 28, 2019)
Listing By: Old Dominion Realty Crossroads
Great townhouse opportunity in Harrisonburg City! 3 bedrooms, 1.5 baths with a full basement that is mostly finished! Laminate flooring throughout the kitchen, dining & living room. Basement offers great family room/rec room space and storage area. Rear yard is fenced with large deck and patio. Great home for first time buyer or great as an investment.
Elementary School:  Stone Spring Middle School:  Skyline High School:  Harrisonburg
Sample Avalon Woods Investment Analysis....
Property Details
Purchase Price $163,500 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 $1,390 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 $589 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $3,178  
 
Cash Flow Before Tax
Gross Operating Income $11,520  
 - Operating Expenses  - $3,178  
Net Operating Income $8,342     
 - Annual Debt Service  - $8,856 financing 80% of the purchase price at 5.5%
Cash Flow Before Taxes    $-514     

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