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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NORTHFIELD ESTATES
Northfield Estates  •  Parkcrest  •  Reherd Acres  •  Stonewall Heights
northfield estates
Sales Per Year....
2021 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  4  (ytd)
2020 Townhouse Sale  Townhouse Sale  2
2019 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  4
2018 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  10
2017 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  6
2016 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  6
2015 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  7
 
Median Sales Price....
2021 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $155,500
2020 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $139,250
2019 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $146,500
2018 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $139,750
2017 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $132,200
2016 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $119,500
2015 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $112,000


Sample Northfield Estates Investment Analysis....
Property Details
Purchase Price $151,000 based on median sales price
 
Income (Annual)
Monthly Rental Rate $950 estimate based on currently available rental data   
Projected Vacancy 4% half a month per year
Gross Operating Income    $10,944     
 
Expense (Annual)
Real Estate Taxes $1,299 estimate based on median sales price
Repairs $475 estimate based on typical property condition
Association Dues $432 estimated to be $36 per month
Property Management $0 assuming self management
Insurance $544 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $2,849  
 
Cash Flow Before Tax
Gross Operating Income $10,944  
 - Operating Expenses  - $2,849  
Net Operating Income $8,095     
 - Annual Debt Service  - $6,696 financing 80% of the purchase price at 3.75%
Cash Flow Before Taxes    $1,399     
Sales in the Past 36 Months....
Jul 9, 2021 954 Northfield Ct, Harrisonburg, VA 22801 2 BR 1.5 BA 1,372 SF $163,000
Mar 19, 2021 948 Northfield Ct, Harrisonburg, VA 22801 2 BR 1.5 BA 1,280 SF $151,000
Mar 16, 2021 721 Northfield Ct, Harrisonburg, VA 22801 3 BR 2 BA 1,508 SF $125,000
Feb 12, 2021 420 Washington St, Harrisonburg, VA 22801 3 BR 2.5 BA 1,620 SF $160,000
Oct 14, 2020 403 Glenfield Ct, Harrisonburg, VA 22801 2 BR 1.5 BA 1,120 SF $145,000
May 27, 2020 823 Northfield Ct, Harrisonburg, VA 22801 3 BR 2 BA 1,360 SF $133,500
Aug 22, 2019 413 Glenfield Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,360 SF $176,500
Jun 20, 2019 406 Glenfield Ct, Harrisonburg, VA 22801 3 BR 1.5 BA 1,146 SF $139,000
May 17, 2019 410 Glenfield Ct, Harrisonburg, VA 22801 3 BR 1.5 BA 1,120 SF $139,000
May 16, 2019 867 Northfield Ct, Harrisonburg, VA 22801 3 BR 1.5 BA 1,836 SF $154,000
Dec 21, 2018 763 Northfield Ct, Harrisonburg, VA 22801 3 BR 3.5 BA 1,836 SF $150,000
Dec 18, 2018 408 Glenfield Ct, Harrisonburg, VA 22801 2 BR 1.5 BA 1,146 SF $133,000
Oct 15, 2018 448 Washington St, Harrisonburg, VA 22801 3 BR 2 BA 1,644 SF $160,000
Current Listings....

406 Glenfield Ct
3 Beds  •  1 Baths  •  1 Half Baths
1,146 livable square feet
$179,000 (For Sale)
Listing By: Kline May Realty

751 Northfield Ct
2 Beds  •  1 Baths  •  2 Half Baths
1,224 livable square feet
$179,900 (For Sale)
Listing By: Old Dominion Realty Inc

713 Northfield Ct
3 Beds  •  2 Baths
1,804 livable square feet
$220,000 (For Sale)
Listing By: Funkhouser Real Estate Group
Neighborhood Map....
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Have Questions?  Contact Scott P. Rogers at 540-578-0102 or scott@HarrisonburgHousingToday.com.