Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
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CAMPUS VIEW CONDOS
2455 Campus View Cir, Harrisonburg, VA 22801     $219,500
MLS# 622113    Under Contract
Subdivision: Campus View Condos
Area: Harrisonburg
Heating: Heat Pump
Cooling: Heat Pump
Circa: 2008 (13 years old)
Lot Size: 0.00 acres
Association Fee:   $265
Days on Market:   32 (since Sep 22, 2021)
Listing By: Funkhouser Real Estate Group
An incredible investment opportunity for both investors and parents of students! This condo offers four suites each with their own bedroom and bathroom in addition there is a private laundry closet equipped with a front load washer and dryer to share. The kitchen opens to the living room and includes a bar top style counter. The living room is adjacent to a private deck overlooking the community common area and swimming pool. Expect little to no maintenance and turnover expenses since this unit it has been upgraded with all new LVT flooring installed in 2021 and fully furnished in the last 2 years. Campus View is upscale condominium community featuring a pool, clubhouse, gym, hot tub, volleyball court, basketball court, hammocks, doggie stations, green space, and an outdoor patio and grill. This condo is in an ideal location in town just 1 mile to the East Gate of James Madison University (JMU) and within the community it is situated on the top floor with no one above to make noise yet steps away from all the amenities and poolside views. Fully leased at $475 per/room ($1,900 per/month) through the July 2022 and professionally managed don\'t miss out on this immediate turnkey investment opportunity!
Elementary School:  Stone Spring Middle School:  Skyline High School:  Harrisonburg
301 Moved Permanently

301 Moved Permanently


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Sample Campus View Investment Analysis....
Property Details
Purchase Price $194,750 based on median sales price
 
Income (Annual)
Monthly Rental Rate $1,800 estimate based on currently available rental data   
Projected Vacancy 4% half a month per year
Gross Operating Income    $20,736     
 
Expense (Annual)
Real Estate Taxes $1,675 estimate based on median sales price
Repairs $1,800 estimate based on typical property condition
Association Dues $2,352 estimated to be $196 per month
Property Management $0 assuming self management
Insurance $701 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $6,628  
 
Cash Flow Before Tax
Gross Operating Income $20,736  
 - Operating Expenses  - $6,628  
Net Operating Income $14,108     
 - Annual Debt Service  - $8,892 financing 80% of the purchase price at 4%
Cash Flow Before Taxes    $5,216     

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Have Questions?  Contact Scott P. Rogers at 540-578-0102 or scott@HarrisonburgHousingToday.com.