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
1366 Hunters Rd, Harrisonburg, VA 22801     $92,000
MLS# 600201    For Sale
Subdivision: Hunters Ridge
Area: Harrisonburg
Heating: Central Heat, Electric, Heat Pump
Cooling: Central AC, Heat Pump
Circa: 2003 (17 years old)
Lot Size: 0.00 acres
Association Fee:   $225
Days on Market:   49 (since Feb 17, 2020)
Listing By: Rocktown Realty
Investment opportunity !!! Walking distance to JMU campus. 2 Bedrooms in suite, newer building (2003) sprinkler system. Excellent conditions.- Current lease goes through 7/31/2020 $450/month/ROOM no utilities included. All furniture will convey.
Elementary School:  Stone Spring Middle School:  Thomas Harrison High School:  Harrisonburg
Sample Hunters Ridge Investment Analysis....
Property Details
Purchase Price $82,750 based on median sales price
Income (Annual)
Monthly Rental Rate $775 estimate based on currently available rental data   
Projected Vacancy 4% half a month per year
Gross Operating Income    $8,928     
Expense (Annual)
Real Estate Taxes $703 estimate based on median sales price
Repairs $775 estimate based on typical property condition
Association Dues $3,000 estimated to be $250 per month
Property Management $0 assuming self management
Insurance $298 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $4,876  
Cash Flow Before Tax
Gross Operating Income $8,928  
 - Operating Expenses  - $4,876  
Net Operating Income $4,052     
 - Annual Debt Service  - $4,488 financing 80% of the purchase price at 5.5%
Cash Flow Before Taxes    $-436     

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