A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
1388 Bradley Dr, Harrisonburg, VA 22801 • $249,000
MLS# 664713 • For Sale
| Subdivision: | Hunters Ridge |
| Area: | Harrisonburg |
| Heating: | Heat Pump |
| Cooling: | Heat Pump |
| Circa: | 1989 (36 years old) |
| Lot Size: | 0.00 acres |
| Association Fee: | $175 |
| Days on Market: | 12 (since May 20, 2025) |
| Listing By: | APMS Realty LLC |
Four bedroom two bath townhome with brand new flooring. Each floor has a living room area, bath and 2 bedrooms. All flooring is new. Just installed. Perfect for sharing. Located of Port Republic and close to JMU, restaurants, downtown Harrisonburg.
| Elementary School: Stone Spring | Middle School: Thomas Harrison | High School: Harrisonburg |
Sample Hunters Ridge Investment Analysis....
| Property Details | ||
| Purchase Price | $195,000 | based on median sales price |
| Income (Annual) | ||
| Monthly Rental Rate | $900 | estimate based on currently available rental data |
| Projected Vacancy | 4% | half a month per year |
| Gross Operating Income | $10,368 | |
| Expense (Annual) | ||
| Real Estate Taxes | $1,755 | estimate based on median sales price |
| Repairs | $900 | estimate based on typical property condition |
| Association Dues | $3,000 | estimated to be $250 per month |
| Property Management | $0 | assuming self management |
| Insurance | $702 | estimate based on recent trends |
| Utilities | $0 | assumes tenant pays all utilities |
| Advertising | $100 | estimate |
| Total Operating Expenses | $6,457 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $10,368 | |
| - Operating Expenses | - $6,457 | |
| Net Operating Income | $3,911 | |
| - Annual Debt Service | - $13,260 | financing 80% of the purchase price at 7.75% |
| Cash Flow Before Taxes | $-9,349 | |