A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
1382 Bradley Dr, Harrisonburg, VA 22801 • $230,000
MLS# 664568 • For Sale
| Subdivision: | Camden Townes |
| Area: | Harrisonburg |
| Heating: | Central Heat, Heat Pump |
| Cooling: | Central AC, Heat Pump |
| Circa: | 1989 (36 years old) |
| Lot Size: | 0.01 acres |
| Association Fee: | $175 |
| Days on Market: | 18 (since May 14, 2025) |
| Listing By: | KELLER WILLIAMS ALLIANCE |
EXCELLENT INVESTMENT OPPORTUNITY OR IDEAL STUDENT HOUSING! CONVENIENTLY LOCATED WITHIN WALKING DISTANCE TO RESTAURANTS, COFFEE SHOPS, SHOPPING, AND CAMPUS. SITUATED IN A RAPIDLY GROWING AND DEVELOPING AREA. A SMART PURCHASE WITH EXCITING POTENTIAL.
| Elementary School: Stone Spring | Middle School: Thomas Harrison | High School: Harrisonburg |
Sample Camden Townes Investment Analysis....
| Property Details | ||
| Purchase Price | $235,000 | based on median sales price |
| Income (Annual) | ||
| Monthly Rental Rate | $1,600 | estimate based on currently available rental data |
| Projected Vacancy | 4% | half a month per year |
| Gross Operating Income | $18,432 | |
| Expense (Annual) | ||
| Real Estate Taxes | $2,115 | estimate based on median sales price |
| Repairs | $1,600 | estimate based on typical property condition |
| Association Dues | $1,920 | estimated to be $160 per month |
| Property Management | $0 | assuming self management |
| Insurance | $846 | estimate based on recent trends |
| Utilities | $0 | assumes tenant pays all utilities |
| Advertising | $100 | estimate |
| Total Operating Expenses | $6,581 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $18,432 | |
| - Operating Expenses | - $6,581 | |
| Net Operating Income | $11,851 | |
| - Annual Debt Service | - $15,984 | financing 80% of the purchase price at 7.75% |
| Cash Flow Before Taxes | $-4,133 | |