Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
HarrisonburgInvestmentProperties.com
 A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com 

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REHERD ACRES
Northfield Estates  •  Parkcrest  •  Reherd Acres  •  Stonewall Heights
reherd acres
Sales Per Year....
2018 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  7  (ytd)
2017 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  13
2016 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  6
2015 Townhouse Sale  Townhouse Sale  3
2014 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  11
 
Median Sales Price....
2018 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $159,900
2017 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $155,000
2016 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $135,000
2015 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $159,900
2014 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $117,000


Sample Reherd Acres Investment Analysis....
Property Details
Purchase Price $159,900 based on median sales price
 
Income (Annual)
Monthly Rental Rate $900 estimate based on currently available rental data   
Projected Vacancy 4% half a month per year
Gross Operating Income    $10,368     
 
Expense (Annual)
Real Estate Taxes $1,359 estimate based on median sales price
Repairs $450 estimate based on typical property condition
Association Dues $240 estimated to be $20 per month
Property Management $0 assuming self management
Insurance $576 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $2,725  
 
Cash Flow Before Tax
Gross Operating Income $10,368  
 - Operating Expenses  - $2,725  
Net Operating Income $7,643     
 - Annual Debt Service  - $8,664 financing 80% of the purchase price at 5.5%
Cash Flow Before Taxes    $-1,021     
Sales in the Past 36 Months....
Jul 27, 2018 1300 Goldfinch Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,440 SF $147,500  
Jul 25, 2018 1036 Meadowlark Dr, Harrisonburg, VA 22801 3 BR 1.5 BA 1,952 SF $162,000  
Jun 29, 2018 1363 Goldfinch Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,408 SF $159,900  
May 31, 2018 1377 Goldfinch Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,408 SF $159,900  
May 23, 2018 1373 Goldfinch Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,408 SF $167,800  
Apr 26, 2018 1246 Goldfinch Dr, Harrisonburg, VA 22801 2 BR 1 BA 918 SF $120,000  
Jan 26, 2018 1334 Goldfinch Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,408 SF $165,000  
Dec 22, 2017 1049 Oriole Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 1,440 SF $118,000  
Dec 18, 2017 1123 Bluebird Ct, Harrisonburg, VA 22801 3 BR 2 BA 1,461 SF $179,900  
Nov 29, 2017 1066 Meadowlark Dr, Harrisonburg, VA 22801 3 BR 2 BA 1,408 SF $138,000  
Oct 6, 2017 931 Meadowlark Dr, Harrisonburg, VA 22801 3 BR 2 BA 1,920 SF $155,000  
Sep 15, 2017 1337 Goldfinch Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,550 SF $174,000  
Sep 5, 2017 1083 Meadowlark Dr, Harrisonburg, VA 22801 2 BR 1.5 BA 1,500 SF $101,000  
Sep 5, 2017 1297 Goldfinch Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,856 SF $175,000  
Aug 15, 2017 1124 Bluebird Ct, Harrisonburg, VA 22801 3 BR 2 BA 1,378 SF $180,000  
Jun 12, 2017 1261 Goldfinch Dr, Harrisonburg, VA 22801 2 BR 1.5 BA 1,160 SF $113,055  
Jun 6, 2017 1237 Goldfinch Dr, Harrisonburg, VA 22801 2 BR 2 BA 1,093 SF $180,000  
May 31, 2017 1125 Bluebird Ct, Harrisonburg, VA 22801 4 BR 4 BA 2,016 SF $185,000  
May 4, 2017 1377 Goldfinch Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,408 SF $149,900  
Mar 28, 2017 814 Meadowlark Dr, Harrisonburg, VA 22801 2 BR 1.5 BA 1,320 SF $101,461  
Nov 22, 2016 1053 Meadowlark Dr, Harrisonburg, VA 22801 3 BR 2 BA 1,980 SF $122,000  
Jun 20, 2016 1081 Meadowlark Dr, Harrisonburg, VA 22801 3 BR 1.5 BA 1,950 SF $145,000  
Jun 13, 2016 1078 Meadowlark Dr, Harrisonburg, VA 22801 2 BR 1.5 BA 1,408 SF $118,000  
Mar 31, 2016 1308 Goldfinch Dr, Harrisonburg, VA 22801 3 BR 2 BA 1,289 SF $165,000  
Feb 3, 2016 907 Meadowlark Dr, Harrisonburg, VA 22801 2 BR 1.5 BA 1,920 SF $135,000  
Jan 14, 2016 843 Meadowlark Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,872 SF $135,000  
Dec 3, 2015 823 Meadowlark Dr, Harrisonburg, VA 22801 2 BR 2 BA 1,872 SF $156,000  
Oct 2, 2015 1314 Goldfinch Dr, Harrisonburg, VA 22801 3 BR 2 BA 1,306 SF $169,000  
Current Listings....

1055 Oriole Ln
3 Beds  •  2 Baths  •  1 Half Baths
1,460 livable square feet
$143,900 (For Sale)
Listing By: KLINE MAY REALTY, LLC

1132 Bluebird Ct
3 Beds  •  2 Baths  •  1 Half Baths
1,426 livable square feet
$169,900 (For Sale)
Listing By: Kline May Realty
Neighborhood Map....
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Have Questions?  Contact Scott P. Rogers at 540-578-0102 or scott@HarrisonburgHousingToday.com.