A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
629 Stonewall Dr, Harrisonburg, VA 22801 • $239,000
MLS# 656248 • For Sale
| Subdivision: | Stonewall Heights |
| Area: | Harrisonburg |
| Heating: | Heat Pump |
| Cooling: | Heat Pump |
| Circa: | 2000 (24 years old) |
| Lot Size: | 0.05 acres |
| Association Fee: | $55 |
| Days on Market: | 43 (since Aug 27, 2024) |
| Listing By: | Funkhouser Real Estate Group |
This three-bedroom, one-and-a-half-bath townhome features hardwood floors throughout the first level. The main floor includes an eat-in kitchen, a cozy living room, and a convenient half bath. Upstairs, you'll find three bedrooms and a full bath. The fenced backyard features a large deck perfect for entertaining guests.
| Elementary School: Stone Spring | Middle School: Skyline | High School: Harrisonburg |
Sample Stonewall Heights Investment Analysis....
| Property Details | ||
| Purchase Price | $231,000 | based on median sales price |
| Income (Annual) | ||
| Monthly Rental Rate | $1,150 | estimate based on currently available rental data |
| Projected Vacancy | 4% | half a month per year |
| Gross Operating Income | $13,248 | |
| Expense (Annual) | ||
| Real Estate Taxes | $2,079 | estimate based on median sales price |
| Repairs | $575 | estimate based on typical property condition |
| Association Dues | $420 | estimated to be $35 per month |
| Property Management | $0 | assuming self management |
| Insurance | $832 | estimate based on recent trends |
| Utilities | $0 | assumes tenant pays all utilities |
| Advertising | $100 | estimate |
| Total Operating Expenses | $4,006 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $13,248 | |
| - Operating Expenses | - $4,006 | |
| Net Operating Income | $9,242 | |
| - Annual Debt Service | - $15,708 | financing 80% of the purchase price at 7.75% |
| Cash Flow Before Taxes | $-6,466 | |