Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
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2906 Crystal Spring Ln, Rockingham, VA 22801     $197,000
MLS# 572095    Under Contract
Subdivision: Taylor Spring
Area: Rockingham
Garage: 1-Car Garage
Heating: Electric, Heat Pump
Cooling: Central AC, Heat Pump
Circa: 2005 (13 years old)
Lot Size: 0.05 acres
Association Fee:   $55
Days on Market:   23 (since Feb 25, 2018)
Listing By: Old Dominion Realty Crossroads
Well maintained townhouse in popular Taylor Springs subdivision. 3 Bedrooms, 2.5 Baths with a 1-car garage. Located across from additional parking and greenspace. Conveniently located to Sentara RMH, JMU, and interstate access.
Elementary School:  Peak View 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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