Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
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HARMONY HEIGHTS
1222 Old Windmill Cir, Harrisonburg, VA 22802     $174,900
MLS# 588215    For Sale
Subdivision: Harmony Heights
Area: Harrisonburg
Heating: Central Heat, Heat Pump
Cooling: Central AC, Heat Pump
Circa: 2002 (17 years old)
Lot Size: 0.12 acres
Association Fee:   $50
Days on Market:   18 (since Apr 1, 2019)
Listing By: Rocktown Realty LLC
This well maintained end unit on a corner lot is a must see! Minutes to downtown, dining, shopping and interstate access.The main floor features an open concept with laundry and a half bath for your guests. The living room has a large bay window allowing lots of natural light to flow in! The Kitchen includes a large island, and a breakfast nook area, making it perfect for entertaining! Move in ready. 3 beds 2 1/2 baths.
Elementary School:  Waterman Middle School:  Thomas Harrison High School:  Harrisonburg
Sample Harmony Heights Investment Analysis....
Property Details
Purchase Price $208,500 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 $1,772 estimate based on median sales price
Repairs $500 estimate based on typical property condition
Association Dues $540 estimated to be $45 per month
Property Management $0 assuming self management
Insurance $751 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $3,663  
 
Cash Flow Before Tax
Gross Operating Income $11,520  
 - Operating Expenses  - $3,663  
Net Operating Income $7,857     
 - Annual Debt Service  - $11,292 financing 80% of the purchase price at 5.5%
Cash Flow Before Taxes    $-3,435     

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