A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
2100 Lake Terrace Dr, Harrisonburg, VA 22802 • $370,000
MLS# 665947 • For Sale
| Subdivision: | Harmony Heights |
| Area: | Harrisonburg |
| Garage: | 2-Car Garage |
| Heating: | Forced Air, Natural Gas |
| Cooling: | Central AC |
| Circa: | 2000 (25 years old) |
| Lot Size: | 0.24 acres |
| Association Fee: | $225 |
| Days on Market: | 12 (since Jun 19, 2025) |
| Listing By: | Funkhouser Real Estate Group |
Enjoy spacious, single-level living in this duplex on a large lot in Harmony Heights - just minutes from downtown Harrisonburg and in close proximity to EMU, dining, and shopping. With over 2,000 square feet, this home features an open floor plan with a large great room with vaulted ceiling and cozy gas fireplace, a generously sized kitchen offers ample cabinetry, an island, and a breakfast bar, a dining area and a sunroom that walks out to a deck. The primary suite includes a large bedroom, large closet, and spacious attached bathroom. Two additional bedrooms share a full hall bath, offering flexibility for guests or a home office. A large two-car garage provides plenty of room for vehicles, storage and even a workshop. This spacious duplex is situated on a corner lot with plenty of privacy in a peaceful, established neighborhood.
| Elementary School: Bluestone | Middle School: Thomas Harrison | High School: Harrisonburg |
Sample Harmony Heights Investment Analysis....
| Property Details | ||
| Purchase Price | $335,200 | 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 | $3,017 | 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 | $1,207 | estimate based on recent trends |
| Utilities | $0 | assumes tenant pays all utilities |
| Advertising | $100 | estimate |
| Total Operating Expenses | $5,514 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $14,976 | |
| - Operating Expenses | - $5,514 | |
| Net Operating Income | $9,462 | |
| - Annual Debt Service | - $22,788 | financing 80% of the purchase price at 7.75% |
| Cash Flow Before Taxes | $-13,326 | |