A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
1414 Old Windmill Cir, Harrisonburg, VA 22802 • $334,900
MLS# 654518 • For Sale
| Subdivision: | Harmony Heights |
| Area: | Harrisonburg |
| Garage: | 1-Car Garage |
| Heating: | Heat Pump |
| Cooling: | Central AC |
| Circa: | 2003 (21 years old) |
| Lot Size: | 0.20 acres |
| Association Fee: | $60 |
| Days on Market: | 61 (since Sep 21, 2024) |
| Listing By: | Heritage Real Estate Co |
Highly desirable, upgraded, end-unit 3 bedroom/3.5 bath Townhome with a view! “Gun stock” oak hardwood floors throughout the 1st floor and primary bedroom. Marble and tiled bathrooms. Remodeled kitchen with new cabinets, granite countertops and some recently added new stainless-steel appliances and light fixtures. Lower entry level contains a 2-car garage with space for a bonus room and also contains a half-bath. All fresh paint inside and out. New heat pump and new roof. Spacious, oversized, walkout deck with added vinyl privacy fence and swing to enjoy the beautiful view of the Blue Ridge Mountains. Small planting and garden areas. Nice open side yard. Located in close proximity to Eastern Mennonite University, parks and all that the Harrisonburg area has to offer.
| Elementary School: Waterman | Middle School: Thomas Harrison | High School: Harrisonburg |
Sample Harmony Heights Investment Analysis....
| Property Details | ||
| Purchase Price | $318,500 | based on median sales price |
| Income (Annual) | ||
| Monthly Rental Rate | $1,300 | estimate based on currently available rental data |
| Projected Vacancy | 4% | half a month per year |
| Gross Operating Income | $14,976 | |
| Expense (Annual) | ||
| Real Estate Taxes | $2,867 | estimate based on median sales price |
| Repairs | $650 | estimate based on typical property condition |
| Association Dues | $540 | estimated to be $45 per month |
| Property Management | $0 | assuming self management |
| Insurance | $1,147 | estimate based on recent trends |
| Utilities | $0 | assumes tenant pays all utilities |
| Advertising | $100 | estimate |
| Total Operating Expenses | $5,303 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $14,976 | |
| - Operating Expenses | - $5,303 | |
| Net Operating Income | $9,673 | |
| - Annual Debt Service | - $21,648 | financing 80% of the purchase price at 7.75% |
| Cash Flow Before Taxes | $-11,975 | |