A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
1336 Hunters Rd, Harrisonburg, VA 22801 • $219,900
MLS# 675576 • For Sale
| Subdivision: | Hunters Ridge |
| Area: | Harrisonburg |
| Heating: | Electric, Heat Pump |
| Cooling: | Central AC |
| Circa: | 1988 (38 years old) |
| Lot Size: | 0.00 acres |
| Association Fee: | $200 |
| Days on Market: | 3 (since Apr 9, 2026) |
| Listing By: | Rocktown Realty |
Why pay rent when you can buy? Hunters Ridge is located right by JMU's main entrance. This condo is on the first floor and has updated bathrooms, furniture, paint and more. This condo includes the furniture and appliances. Currently rented at $2000.00 per month through July 30, 2026. Three rooms have been rented for the upcoming school year at $525 each. Management will find one more tenant. Electric is included up to $150 and water up to $75 per month.
| Elementary School: Stone Spring | Middle School: Thomas Harrison | High School: Harrisonburg |
Sample Hunters Ridge Investment Analysis....
| Property Details | ||
| Purchase Price | $239,000 | 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 | $2,151 | 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 | $860 | estimate based on recent trends |
| Utilities | $0 | assumes tenant pays all utilities |
| Advertising | $100 | estimate |
| Total Operating Expenses | $7,011 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $10,368 | |
| - Operating Expenses | - $7,011 | |
| Net Operating Income | $3,357 | |
| - Annual Debt Service | - $16,248 | financing 80% of the purchase price at 7.75% |
| Cash Flow Before Taxes | $-12,891 | |