Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
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CAMDEN TOWNES
1352 Bradley Dr, Harrisonburg, VA 22801     $137,500
MLS# 601684    For Sale
Subdivision: Camden Townes
Area: Harrisonburg
Heating: Electric, Heat Pump
Cooling: Heat Pump
Circa: 1989 (31 years old)
Lot Size: 0.05 acres
Association Fee:   $160
Days on Market:   17 (since Mar 20, 2020)
Listing By: Rocktown Realty
Another great investment opportunity in Camden Townes!! 4 bedrooms and two bath townhouse in great condition. Great LOCATION within walking distance to JMU campus, Starbucks, shopping, restaurants and more. Potential rental income of $1,700 a month.
Elementary School:  Stone Spring Middle School:  Skyline 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.