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....
| 2025 |
|
1 (ytd) |
| 2024 |
|
1 |
| 2023 |
|
3 |
| 2022 |
|
6 |
| 2021 |
|
5 |
| 2020 |
|
3 |
| 2019 |
|
8 |
Median Sales Price....
| 2025 |
|
$245,000 |
| 2024 |
|
$205,000 |
| 2023 |
|
$212,000 |
| 2022 |
|
$183,250 |
| 2021 |
|
$170,000 |
| 2020 |
|
$150,000 |
| 2019 |
|
$132,213 |
Sample Parkcrest Investment Analysis....
| Property Details | ||
| Purchase Price | $245,000 | based on median sales price |
| Income (Annual) | ||
| Monthly Rental Rate | $1,050 | estimate based on currently available rental data |
| Projected Vacancy | 4% | half a month per year |
| Gross Operating Income | $12,096 | |
| Expense (Annual) | ||
| Real Estate Taxes | $2,205 | estimate based on median sales price |
| Repairs | $525 | estimate based on typical property condition |
| Association Dues | $540 | estimated to be $45 per month |
| Property Management | $0 | assuming self management |
| Insurance | $882 | estimate based on recent trends |
| Utilities | $0 | assumes tenant pays all utilities |
| Advertising | $100 | estimate |
| Total Operating Expenses | $4,252 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $12,096 | |
| - Operating Expenses | - $4,252 | |
| Net Operating Income | $7,844 | |
| - Annual Debt Service | - $16,656 | financing 80% of the purchase price at 7.75% |
| Cash Flow Before Taxes | $-8,812 | |
Sales in the Past 36 Months....
| Aug 22, 2025 | 234 Commerce Dr, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $245,000 |
| Mar 20, 2024 | 1026 Commercial Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $205,000 |
| 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 |
Current Listings....
There are no properties on the market right now!
Neighborhood Map....