A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
510 Davis Mill Dr, Harrisonburg, VA 22801 • $265,000
MLS# 666794 • For Sale
| Subdivision: | Campus View Condos |
| Area: | Harrisonburg |
| Heating: | Central Heat, Heat Pump |
| Cooling: | Central AC, Heat Pump |
| Circa: | 2008 (17 years old) |
| Lot Size: | 0.02 acres |
| Association Fee: | $265 |
| Days on Market: | 1 (since Jul 11, 2025) |
| Listing By: | Rocktown Realty |
Prime JMU Investment! Top Floor 4 Bed/4 Bath Condo with Strong Cash Flow. Secure your student's housing (and an excellent investment!) with this spacious, top-floor 4-bedroom, 4-bathroom condo at Campus View. Each bedroom boasts a private en-suite bathroom and large walk-in closet, ensuring comfort and privacy. Enjoy an open-concept living area and a private balcony/patio. Fully Leased through July 31, 2026 at $595/bedroom ($2380/month total) with utilities included (electric up to $150, water up to $75). Campus View offers exceptional amenities just off Reservoir Street, including a pool, grill area, 24/7 gym, volleyball court, and hammock area. An ideal turn-key opportunity for JMU parents and investors!
| Elementary School: Stone Spring | Middle School: Skyline | High School: Harrisonburg |
Sample Campus View Investment Analysis....
| Property Details | ||
| Purchase Price | $0 | based on median sales price |
| Income (Annual) | ||
| Monthly Rental Rate | $2,200 | estimate based on currently available rental data |
| Projected Vacancy | 4% | half a month per year |
| Gross Operating Income | $25,344 | |
| Expense (Annual) | ||
| Real Estate Taxes | $0 | estimate based on median sales price |
| Repairs | $2,200 | estimate based on typical property condition |
| Association Dues | $2,352 | estimated to be $196 per month |
| Property Management | $0 | assuming self management |
| Insurance | $0 | estimate based on recent trends |
| Utilities | $0 | assumes tenant pays all utilities |
| Advertising | $100 | estimate |
| Total Operating Expenses | $4,652 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $25,344 | |
| - Operating Expenses | - $4,652 | |
| Net Operating Income | $20,692 | |
| - Annual Debt Service | - $0 | financing 80% of the purchase price at 7.75% |
| Cash Flow Before Taxes | $20,692 | |