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 

College Rentals Multi Family Properties Newer Townhouses Upscale Townhouses Slightly Older Townhouses Foreclosures Bank Owned Properties
PARKCREST
Northfield Estates  •  Parkcrest  •  Reherd Acres  •  Stonewall Heights
parkcrest
Sales Per Year....
2021 Townhouse Sale  Townhouse Sale  2  (ytd)
2020 Townhouse Sale  Townhouse Sale  Townhouse Sale  3
2019 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  8
2018 Townhouse Sale  Townhouse Sale  2
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  Townhouse Sale  7
2015 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  9
 
Median Sales Price....
2021 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $167,000
2020 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $150,000
2019 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $132,213
2018 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $139,450
2017 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $117,750
2016 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $109,400
2015 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $110,000


Sample Parkcrest Investment Analysis....
Property Details
Purchase Price $155,500 based on median sales price
 
Income (Annual)
Monthly Rental Rate $900 estimate based on currently available rental data   
Projected Vacancy 4% half a month per year
Gross Operating Income    $10,368     
 
Expense (Annual)
Real Estate Taxes $1,337 estimate based on median sales price
Repairs $450 estimate based on typical property condition
Association Dues $540 estimated to be $45 per month
Property Management $0 assuming self management
Insurance $560 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $2,987  
 
Cash Flow Before Tax
Gross Operating Income $10,368  
 - Operating Expenses  - $2,987  
Net Operating Income $7,381     
 - Annual Debt Service  - $6,900 financing 80% of the purchase price at 3.75%
Cash Flow Before Taxes    $481     
Sales in the Past 36 Months....
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
Apr 20, 2020 1024 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $140,000
Oct 31, 2019 1230 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $139,000
Aug 20, 2019 1161 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $140,000
Aug 13, 2019 262 Commerce Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $125,325
May 30, 2019 1117 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $128,000
May 15, 2019 118 Commerce Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,008 SF $134,000
May 6, 2019 228 Commerce Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $133,000
Jan 31, 2019 116 Commerce Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,008 SF $131,000
Jan 31, 2019 1155 Commercial Ct, Harrisonburg, VA 22801 3 BR 2.5 BA 1,120 SF $131,425
Current Listings....
There are no properties on the market right now!
Neighborhood Map....
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Have Questions?  Contact Scott P. Rogers at 540-578-0102 or scott@HarrisonburgHousingToday.com.