A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
1123 Patrick Henry Pl, Harrisonburg, VA 22802 • $255,000
MLS# 668542 • For Sale
| Subdivision: | Liberty Square |
| Area: | Harrisonburg |
| Garage: | 1-Car Garage |
| Heating: | Heat Pump |
| Cooling: | Central AC, Heat Pump |
| Circa: | 2006 (19 years old) |
| Lot Size: | 0.05 acres |
| Association Fee: | $75 |
| Days on Market: | 2 (since Sep 1, 2025) |
| Listing By: | RE/MAX Performance Realty |
Welcome to 1123 Patrick Henry Place! Located in the popular Liberty Square subdivision. This townhouse has three beds, one and a half bath, and one car garage. The back yard is fenced in and one of the more secluded yards in the neighborhood. Check out the playground and walking trials! This is perfect for investors and first time home owners.
| Elementary School: Smithland | Middle School: Skyline | High School: Rocktown |
Sample Liberty Square Investment Analysis....
| Property Details | ||
| Purchase Price | $257,500 | based on median sales price |
| Income (Annual) | ||
| Monthly Rental Rate | $1,350 | estimate based on currently available rental data |
| Projected Vacancy | 4% | half a month per year |
| Gross Operating Income | $15,552 | |
| Expense (Annual) | ||
| Real Estate Taxes | $2,318 | estimate based on median sales price |
| Repairs | $675 | estimate based on typical property condition |
| Association Dues | $600 | estimated to be $50 per month |
| Property Management | $0 | assuming self management |
| Insurance | $927 | estimate based on recent trends |
| Utilities | $0 | assumes tenant pays all utilities |
| Advertising | $100 | estimate |
| Total Operating Expenses | $4,620 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $15,552 | |
| - Operating Expenses | - $4,620 | |
| Net Operating Income | $10,933 | |
| - Annual Debt Service | - $17,508 | financing 80% of the purchase price at 7.75% |
| Cash Flow Before Taxes | $-6,576 | |