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

College Rentals Multi Family Properties Newer Townhouses Upscale Townhouses Slightly Older Townhouses Foreclosures Bank Owned Properties
1405 Flowing Spring Ln, Rockingham, VA 22801     $204,900
MLS# 573220    Under Contract
Subdivision: Taylor Spring
Area: Rockingham
Garage: 1-Car Garage
Heating: Central Heat, Heat Pump
Cooling: Central AC, Heat Pump
Circa: 2008 (10 years old)
Lot Size: 0.05 acres
Association Fee:   $50
Days on Market:   56 (since Apr 23, 2018)
Listing By: Rocktown Realty LLC
Three story townhome in the desirable Taylor Springs neighborhood. This home has three bedrooms, two and a half baths and a finished bonus room in basement. The "Basement" level has a single car garage and walks out in to the backyard!. Main level features living room, dining area, kitchen, half bath & a large rear deck, perfect for cookouts. Top level has three bedrooms and two full baths, including master suite with a large walk-in closet. The back yard is a large open field and gives the home a nice country setting. This home has many upgrades and added details, it is a MUST SEE. (LEASED UNTIL 5-31-2018 $1350/MONTH)
Elementary School:  Peak View Middle School:  Montevideo High School:  Spotswood
Sample Taylor Spring Investment Analysis....
Property Details
Purchase Price $193,500 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 $1,645 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 $697 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $3,701  
Cash Flow Before Tax
Gross Operating Income $13,824  
 - Operating Expenses  - $3,701  
Net Operating Income $10,123     
 - Annual Debt Service  - $10,368 financing 80% of the purchase price at 5.4%
Cash Flow Before Taxes    $-245     

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