A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
PHEASANT RUN
Hunters Ridge • Camden Townes • Fox Hill • Madison Manor • Pheasant Run • Campus View Condos
Sales Per Year....
| 2023 |
|
1 (ytd) |
| 2022 |
|
1 |
| 2021 | 0 | |
| 2020 |
|
2 |
| 2019 |
|
3 |
| 2018 |
|
3 |
| 2017 |
|
7 |
| 2016 |
|
5 |
| 2015 |
|
9 |
| 2014 |
|
1 |
| 2013 |
|
2 |
| 2012 |
|
2 |
| 2011 |
|
5 |
| 2010 |
|
1 |
| 2009 | 0 | |
| 2008 | 0 | |
| 2007 |
|
1 |
| 2006 | 0 | |
| 2005 | 0 | |
| 2004 | 0 | |
| 2003 |
|
1 |
Median Sales Price....
| 2023 |
|
$212,000 |
| 2022 |
|
$235,000 |
| 2021 | $0 | |
| 2020 |
|
$163,750 |
| 2019 |
|
$160,000 |
| 2018 |
|
$150,000 |
| 2017 |
|
$148,000 |
| 2016 |
|
$140,400 |
| 2015 |
|
$142,500 |
| 2014 |
|
$145,000 |
| 2013 |
|
$145,950 |
| 2012 |
|
$147,900 |
| 2011 |
|
$145,000 |
| 2010 |
|
$144,500 |
| 2009 | $0 | |
| 2008 | $0 | |
| 2007 |
|
$163,500 |
| 2006 | $0 | |
| 2005 | $0 | |
| 2004 | $0 | |
| 2003 |
|
$103,000 |
Sample Pheasant Run Investment Analysis....
| Property Details | ||
| Purchase Price | $223,500 | based on median sales price |
| Income (Annual) | ||
| Monthly Rental Rate | $1,760 | estimate based on currently available rental data |
| Projected Vacancy | 4% | half a month per year |
| Gross Operating Income | $20,275 | |
| Expense (Annual) | ||
| Real Estate Taxes | $2,012 | estimate based on median sales price |
| Repairs | $1,760 | estimate based on typical property condition |
| Association Dues | $660 | estimated to be $55 per month |
| Property Management | $0 | assuming self management |
| Insurance | $805 | estimate based on recent trends |
| Utilities | $1,800 | |
| Advertising | $100 | estimate |
| Total Operating Expenses | $7,136 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $20,275 | |
| - Operating Expenses | - $7,136 | |
| Net Operating Income | $13,139 | |
| - Annual Debt Service | - $10,512 | financing 80% of the purchase price at 4.25% |
| Cash Flow Before Taxes | $2,627 | |
Sales in the Past 36 Months....
| Jan 6, 2023 | 1740 Ashford Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,440 SF | $212,000 |
| Aug 31, 2022 | 532 Pheasant Run Cir, Harrisonburg, VA 22801 | 4 BR | 2.5 BA | 1,440 SF | $235,000 |
| Jun 25, 2020 | 496 Pheasant Run Cir, Harrisonburg, VA 22801 | 4 BR | 2.5 BA | 1,440 SF | $162,500 |
Current Listings....
There are no properties on the market right now!
Neighborhood Map....