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Oakdale Apartments
1065 Oakdale Court - Harrisonburg, VA.
$2,197,500
Great investment in Harrisonburg, Virginia. This apartment complex with laundry facilities, has 29 one bedroom, one bath apartments and also a three bedroom single family home. It is located just .6
miles from the new Rockingham Memorial Hospital and is just 1.2 miles from Costco and other shopping. The proximity to James Madison University is also a plus...
Property Photos
Computation of Return on Investment
29 One Bedroom Apartments
1 Three Bedroom House
One measure of value is return on investment. This can be computed by taking the
net cash flow from operations, plus appeciation, plus the tax savings and dividing the result by the net invested dollars.
You can also back into market value based on the desired return by taking the net
cash flow and dividing it by the desired return.
Estimated Current Cash Flow
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Current Rent
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Monthly
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Yearly
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1 Unit @ $545
|
545
|
6,540
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18 Units @ $525
|
9,450
|
113,400
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1 Unit @ $515
|
515
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6,180
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5 Units @ $505
|
2,525
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30,300
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4 Units @ $495
|
1,980
|
23,760
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House @ $800
|
800
|
9600
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Pet Fees
|
170
|
2,040
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Laundry
|
250
|
3,000
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Late Fees, etc.
|
400
|
4,800
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Total Income
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16,635
|
199,620
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Annual Expenses
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50,000
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Net Cash Flow From Operations
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149,620
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Estimated Appreciation
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91,000
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(Based on current rate of rent inflation)(($20 Increase from $525
base)Times List Price)
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Tax Savings
(Varies Depending on Individual)
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0
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Net Cash Flow
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240,620
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List Price
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$2,400,000
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Return on no borrowing deal
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10.03 %
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