Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
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CAMDEN TOWNES
1430 Bradley Dr, Harrisonburg, VA 22801     $139,900
MLS# 600844    For Sale
Subdivision: Camden Townes
Area: Harrisonburg
Heating: Heat Pump
Cooling: Central AC, Heat Pump
Circa: 1989 (31 years old)
Lot Size: 0.08 acres
Association Fee:   $160
Days on Market:   35 (since Mar 2, 2020)
Listing By: Rocktown Realty
This townhome is located right by JMU - Excellent investment opportunity! This 4 bedroom, 2 bath townhome is set up similar to two apartments. Each floor comes complete with a living room, balcony, mini kitchenette, two beds and a bath. The main kitchen and laundry room are shared between to the two floors. This town home has wood laminate flooring and several updates Potential rent at $1,800 per month with electric and water included with monthly caps. The community features, a picnic area, dog park and basketball court.
Elementary School:  Stone Spring Middle School:  Thomas Harrison High School:  Harrisonburg
Sample Camden Townes Investment Analysis....
Property Details
Purchase Price $133,500 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 $1,135 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 $481 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $5,035  
 
Cash Flow Before Tax
Gross Operating Income $16,128  
 - Operating Expenses  - $5,035  
Net Operating Income $11,093     
 - Annual Debt Service  - $7,236 financing 80% of the purchase price at 5.5%
Cash Flow Before Taxes    $3,857     

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