Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
 A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | 

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3081 Diamond Spring Ln, Rockingham, VA 22801     $204,900
MLS# 570746    For Sale
Subdivision: Taylor Spring
Area: Rockingham
Garage: 1-Car Garage
Heating: Electric, Heat Pump
Cooling: Central AC
Circa: 2007 (11 years old)
Lot Size: 0.05 acres
Association Fee:   $55
Days on Market:   66 (since Jan 13, 2018)
Listing By: Funkhouser Real Estate Group
Situated in one of the most desirable lots in the Subdivision and only minutes from Sentara, shopping and dining this 3 level wont last long. Garage and Finished bonus room on the entry level provides and extra 400+ sq. ft of living space. First level has kitchen with updated appliances and wood cabinets, living room that provides access to the deck, the half bath and the upper level has the master bed and bath and an additional 2 beds and bath.
Elementary School:  Cub Run (Rockingham) Middle School:  Montevideo High School:  Spotswood
Sample Taylor Spring Investment Analysis....
Property Details
Purchase Price $186,500 based on median sales price
Income (Annual)
Monthly Rental Rate $1,200 estimate based on currently available rental data   
Projected Vacancy 4% half a month per year
Gross Operating Income    $13,824     
Expense (Annual)
Real Estate Taxes $1,585 estimate based on median sales price
Repairs $600 estimate based on typical property condition
Association Dues $660 estimated to be $55 per month
Property Management $0 assuming self management
Insurance $671 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $3,617  
Cash Flow Before Tax
Gross Operating Income $13,824  
 - Operating Expenses  - $3,617  
Net Operating Income $10,207     
 - Annual Debt Service  - $9,672 financing 80% of the purchase price at 5.1%
Cash Flow Before Taxes    $535     

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