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

College Rentals Multi Family Properties Newer Townhouses Upscale Townhouses Slightly Older Townhouses Foreclosures Bank Owned Properties
REHERD ACRES
Northfield Estates  •  Parkcrest  •  Reherd Acres  •  Stonewall Heights
reherd acres
Sales Per Year....
2017 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  11  (ytd)
2016 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  17
2015 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  7
2014 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  14
2013 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  15
 
Median Sales Price....
2017 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $125,000
2016 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $118,000
2015 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $125,000
2014 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $118,750
2013 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $126,000


Sample Reherd Acres Investment Analysis....
Property Details
Purchase Price $122,000 based on median sales price
 
Income (Annual)
Monthly Rental Rate $875 estimate based on currently available rental data   
Projected Vacancy 4% half a month per year
Gross Operating Income    $10,080     
 
Expense (Annual)
Real Estate Taxes $952 estimate based on median sales price
Repairs $438 estimate based on typical property condition
Association Dues $240 estimated to be $20 per month
Property Management $0 assuming self management
Insurance $439 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $2,168  
 
Cash Flow Before Tax
Gross Operating Income $10,080  
 - Operating Expenses  - $2,168  
Net Operating Income $7,912     
 - Annual Debt Service  - $6,324 financing 80% of the purchase price at 5.1%
Cash Flow Before Taxes    $1,588     
Sales in the Past 36 Months....
Sep 15, 2017 1337 Goldfinch Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,550 SF $174,000 photos
Sep 5, 2017 1083 Meadowlark Dr, Harrisonburg, VA 22801 2 BR 1.5 BA 1,500 SF $101,000 photos
Sep 5, 2017 1297 Goldfinch Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,856 SF $175,000 photos
Aug 15, 2017 1124 Bluebird Ct, Harrisonburg, VA 22801 3 BR 2 BA 1,378 SF $180,000 photos
Aug 11, 2017 793 Vine St, Harrisonburg, VA 22801 2 BR 1.5 BA 1,320 SF $125,000 photos
Jun 12, 2017 1261 Goldfinch Dr, Harrisonburg, VA 22801 2 BR 1.5 BA 1,160 SF $113,055 photos
Jun 6, 2017 1237 Goldfinch Dr, Harrisonburg, VA 22801 2 BR 2 BA 1,093 SF $180,000 photos
May 31, 2017 1125 Bluebird Ct, Harrisonburg, VA 22801 4 BR 4 BA 2,016 SF $185,000 photos
Mar 28, 2017 814 Meadowlark Dr, Harrisonburg, VA 22801 2 BR 1.5 BA 1,320 SF $101,461 photos
Mar 20, 2017 816 Vine St, Harrisonburg, VA 22801 2 BR 1.5 BA 1,152 SF $99,000 photos
Feb 7, 2017 832 Vine St, Harrisonburg, VA 22801 2 BR 1.5 BA 1,152 SF $93,000 photos
Dec 16, 2016 910 Vine St, Harrisonburg, VA 22801 2 BR 1.5 BA 1,152 SF $99,900 photos
Nov 30, 2016 879 Vine St, Harrisonburg, VA 22801 3 BR 1.5 BA 1,320 SF $104,000 photos
Nov 28, 2016 1234 Goldfinch Cir, Harrisonburg, VA 22801 3 BR 2.5 BA 1,533 SF $139,500 photos
Nov 22, 2016 1053 Meadowlark Dr, Harrisonburg, VA 22801 3 BR 2 BA 1,980 SF $122,000 photos
Sep 16, 2016 1055 Blue Ridge Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,512 SF $140,000 photos
Sep 2, 2016 865 Vine St, Harrisonburg, VA 22801 3 BR 1.5 BA 1,316 SF $100,000 photos
Jul 15, 2016 850 Vine St, Harrisonburg, VA 22801 2 BR 1.5 BA 1,152 SF $98,900 photos
Jun 20, 2016 1081 Meadowlark Dr, Harrisonburg, VA 22801 3 BR 1.5 BA 1,950 SF $145,000 photos
Jun 13, 2016 1078 Meadowlark Dr, Harrisonburg, VA 22801 2 BR 1.5 BA 1,408 SF $118,000 photos
May 6, 2016 1213 Founders Way, Harrisonburg, VA 22801 3 BR 2.5 BA 1,608 SF $149,500 photos
Apr 4, 2016 880 Vine St, Harrisonburg, VA 22801 3 BR 1.5 BA 1,302 SF $110,000 photos
Apr 1, 2016 841 Vine St, Harrisonburg, VA 22801 3 BR 1.5 BA 1,320 SF $104,900 photos
Mar 31, 2016 1308 Goldfinch Dr, Harrisonburg, VA 22801 3 BR 2 BA 1,289 SF $165,000 photos
Mar 22, 2016 840 Vine St, Harrisonburg, VA 22801 3 BR 1.5 BA 1,224 SF $97,000 photos
Mar 21, 2016 867 Vine St, Harrisonburg, VA 22801 3 BR 1.5 BA 1,320 SF $100,375 photos
Feb 3, 2016 907 Meadowlark Dr, Harrisonburg, VA 22801 2 BR 1.5 BA 1,920 SF $135,000 photos
Jan 14, 2016 843 Meadowlark Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,872 SF $135,000 photos
Dec 3, 2015 823 Meadowlark Dr, Harrisonburg, VA 22801 2 BR 2 BA 1,872 SF $156,000 photos
Oct 2, 2015 1314 Goldfinch Dr, Harrisonburg, VA 22801 3 BR 2 BA 1,306 SF $169,000 photos
Aug 31, 2015 791 Vine St, Harrisonburg, VA 22801 3 BR 1.5 BA 1,342 SF $122,700 photos
Aug 12, 2015 906 Vine St, Harrisonburg, VA 22801 2 BR 1.5 BA 1,152 SF $94,000 photos
Aug 12, 2015 811 Vine St, Harrisonburg, VA 22801 3 BR 1.5 BA 1,320 SF $102,000 photos
Jul 31, 2015 1211 Founders Way, Harrisonburg, VA 22801 3 BR 1.5 BA 1,554 SF $125,000 photos
Jun 12, 2015 946 Meadowlark Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 2,058 SF $159,900 photos
Dec 5, 2014 1345 Goldfinch Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,804 SF $165,000 photos
Current Listings....

1037 Blue Ridge Dr
2 Beds  •  1 Baths  •  1 Half Baths
1,367 livable square feet
$154,900 (For Sale)
Listing By: Trobaugh Group, LLC
Neighborhood Map....
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Have Questions?  Contact Scott P. Rogers at 540-578-0102 or scott@HarrisonburgHousingToday.com.

 
Site Content and Analysis provided by Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
 
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