A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
667 Northfield Ct, Harrisonburg, VA 22802 • $260,000
MLS# 656776 • For Sale
| Subdivision: | Northfield Estates |
| Area: | Harrisonburg |
| Heating: | Central Heat, Forced Air |
| Cooling: | Central AC, Heat Pump |
| Circa: | 1988 (36 years old) |
| Lot Size: | 0.05 acres |
| Days on Market: | 40 (since Sep 12, 2024) |
| Listing By: | Rocktown Realty |
Welcome to your dream home near downtown Harrisonburg! This charming, well-maintained house offers 2 spacious bedrooms and 2.5 baths, providing the perfect blend of comfort and convenience. The large finished basement is ideal for a cozy movie night or setting up your home gym, while the massive covered back deck and spacious patio are perfect for entertaining guests or enjoying a quiet evening outdoors. Located just steps away from Ralph Sampson Park, you'll love having easy access to beautiful walking trails, a fantastic playground for the kids, and plenty of green space for your dog to run and play. Whether you're looking to be close to the vibrant downtown area or simply want a peaceful retreat, this home has it all. Don't miss out on the opportunity to make it yours! Brand new HVAC installed 2024.
| Elementary School: Spotswood (Harrisonburg) | Middle School: Skyline | High School: Harrisonburg |
Sample Northfield Estates Investment Analysis....
| Property Details | ||
| Purchase Price | $260,000 | based on median sales price |
| Income (Annual) | ||
| Monthly Rental Rate | $1,050 | estimate based on currently available rental data |
| Projected Vacancy | 4% | half a month per year |
| Gross Operating Income | $12,096 | |
| Expense (Annual) | ||
| Real Estate Taxes | $2,340 | estimate based on median sales price |
| Repairs | $525 | estimate based on typical property condition |
| Association Dues | $432 | estimated to be $36 per month |
| Property Management | $0 | assuming self management |
| Insurance | $936 | estimate based on recent trends |
| Utilities | $0 | assumes tenant pays all utilities |
| Advertising | $100 | estimate |
| Total Operating Expenses | $4,333 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $12,096 | |
| - Operating Expenses | - $4,333 | |
| Net Operating Income | $7,763 | |
| - Annual Debt Service | - $17,676 | financing 80% of the purchase price at 7.75% |
| Cash Flow Before Taxes | $-9,913 | |