A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
HARMONY HEIGHTS
Avalon Woods • Beacon Hill Townes • Harmony Heights • Liberty Square
Sales Per Year....
| 2023 |
|
5 (ytd) |
| 2022 |
|
9 |
| 2021 |
|
9 |
| 2020 |
|
9 |
| 2019 |
|
6 |
| 2018 |
|
11 |
| 2017 |
|
7 |
Median Sales Price....
| 2023 |
|
$246,000 |
| 2022 |
|
$295,000 |
| 2021 |
|
$213,000 |
| 2020 |
|
$188,500 |
| 2019 |
|
$193,750 |
| 2018 |
|
$159,000 |
| 2017 |
|
$189,900 |
Sample Harmony Heights Investment Analysis....
| Property Details | ||
| Purchase Price | $242,000 | based on median sales price |
| Income (Annual) | ||
| Monthly Rental Rate | $1,150 | estimate based on currently available rental data |
| Projected Vacancy | 4% | half a month per year |
| Gross Operating Income | $13,248 | |
| Expense (Annual) | ||
| Real Estate Taxes | $2,178 | estimate based on median sales price |
| Repairs | $575 | estimate based on typical property condition |
| Association Dues | $540 | estimated to be $45 per month |
| Property Management | $0 | assuming self management |
| Insurance | $871 | estimate based on recent trends |
| Utilities | $0 | assumes tenant pays all utilities |
| Advertising | $100 | estimate |
| Total Operating Expenses | $4,264 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $13,248 | |
| - Operating Expenses | - $4,264 | |
| Net Operating Income | $8,984 | |
| - Annual Debt Service | - $11,388 | financing 80% of the purchase price at 4.25% |
| Cash Flow Before Taxes | $-2,404 | |
Sales in the Past 36 Months....
Current Listings....
There are no properties on the market right now!
Neighborhood Map....