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
856 Camelot Ln, Harrisonburg, VA 22801     $157,900
MLS# 585728    For Sale
Subdivision: Avalon Woods
Area: Harrisonburg
Heating: Electric, Heat Pump
Cooling: Central AC, Heat Pump
Circa: 2005 (14 years old)
Lot Size: 0.04 acres
Association Fee:   $45
Days on Market:   14 (since Feb 8, 2019)
Listing By: Kline May Realty
This 3 bedroom townhouse is conveniently located to JMU, Sentara RMH, shopping and restaurants. This is a clean, ready to move into townhouse. It has a spacious master bedroom and an open kitchen/dining area. There is a deck off the dining area. Another feature is the tall crawl space for storage. Call today to see this affordable townhouse!
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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