A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
PARKCREST
Northfield Estates • Parkcrest • Reherd Acres • Stonewall Heights
Sales Per Year....
| 2023 |
|
3 (ytd) |
| 2022 |
|
6 |
| 2021 |
|
5 |
| 2020 |
|
3 |
| 2019 |
|
8 |
| 2018 |
|
2 |
| 2017 |
|
6 |
Median Sales Price....
| 2023 |
|
$212,000 |
| 2022 |
|
$183,250 |
| 2021 |
|
$170,000 |
| 2020 |
|
$150,000 |
| 2019 |
|
$132,213 |
| 2018 |
|
$139,450 |
| 2017 |
|
$117,750 |
Sample Parkcrest Investment Analysis....
| Property Details | ||
| Purchase Price | $206,000 | 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 | $1,854 | estimate based on median sales price |
| Repairs | $475 | estimate based on typical property condition |
| Association Dues | $540 | estimated to be $45 per month |
| Property Management | $0 | assuming self management |
| Insurance | $742 | estimate based on recent trends |
| Utilities | $0 | assumes tenant pays all utilities |
| Advertising | $100 | estimate |
| Total Operating Expenses | $3,711 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $10,944 | |
| - Operating Expenses | - $3,711 | |
| Net Operating Income | $7,233 | |
| - Annual Debt Service | - $9,696 | financing 80% of the purchase price at 4.25% |
| Cash Flow Before Taxes | $-2,463 | |
Sales in the Past 36 Months....
| May 23, 2023 | 272 Commerce Dr, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $215,000 |
| May 19, 2023 | 1040 Commercial Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $212,000 |
| Jan 31, 2023 | 244 Commerce Dr, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $185,000 |
| Nov 7, 2022 | 1212 Commercial Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,200 SF | $200,000 |
| Jun 30, 2022 | 108 Commerce Dr, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $179,000 |
| Jun 30, 2022 | 1252 Commercial Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $179,000 |
| May 26, 2022 | 274 Commerce Dr, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $190,000 |
| Feb 28, 2022 | 1143 Commercial Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $186,000 |
| Jan 14, 2022 | 1030 Commercial Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $180,500 |
| Dec 1, 2021 | 228 Commerce Dr, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $173,000 |
| Oct 30, 2021 | 244 Commerce Dr, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $160,000 |
| Oct 22, 2021 | 280 Commerce Dr, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $170,000 |
| May 17, 2021 | 1153 Commercial Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $160,000 |
| Jan 20, 2021 | 224 Commerce Dr, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $174,000 |
| Nov 18, 2020 | 1260 Commercial Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $151,000 |
| Nov 3, 2020 | 1224 Commercial Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $150,000 |
Current Listings....
There are no properties on the market right now!
Neighborhood Map....