A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
730 Merlins Way, Harrisonburg, VA 22801 • $249,900
MLS# 671838 • For Sale
| Subdivision: | Avalon Woods |
| Area: | Harrisonburg |
| Heating: | Heat Pump |
| Cooling: | Central AC |
| Circa: | 2004 (22 years old) |
| Lot Size: | 0.05 acres |
| Association Fee: | $45 |
| Days on Market: | 46 (since Dec 15, 2025) |
| Listing By: | Real Broker LLC |
Great investment opportunity in the desirable Avalon Woods community! This well-maintained townhome features 2 bedrooms and 2.5 bathrooms, offering a functional layout ideal for tenants or future owner-occupants. Each bedroom includes its own en-suite bath, providing added privacy and convenience. Currently leased through July 2026, this property delivers immediate rental income and long-term stability for investors. Conveniently located near shopping, dining, and major commuter routes, Avalon Woods remains a sought-after area with strong rental demand. Don’t miss this turnkey investment opportunity in an established community.
| Elementary School: Stone Spring | Middle School: Skyline | High School: Rocktown |
Sample Avalon Woods Investment Analysis....
| Property Details | ||
| Purchase Price | $274,200 | 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 | $2,468 | estimate based on median sales price |
| Repairs | $650 | estimate based on typical property condition |
| Association Dues | $600 | estimated to be $50 per month |
| Property Management | $0 | assuming self management |
| Insurance | $987 | estimate based on recent trends |
| Utilities | $0 | assumes tenant pays all utilities |
| Advertising | $100 | estimate |
| Total Operating Expenses | $4,805 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $14,976 | |
| - Operating Expenses | - $4,805 | |
| Net Operating Income | $10,171 | |
| - Annual Debt Service | - $18,648 | financing 80% of the purchase price at 7.75% |
| Cash Flow Before Taxes | $-8,477 | |