Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
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TAYLOR SPRING
2971 Diamond Spring Ln, Rockingham, VA 22801     $199,900
MLS# 574346    For Sale
Subdivision: Taylor Spring
Area: Rockingham
Garage: 1-Car Garage
Heating: Electric, Heat Pump
Cooling: Central AC
Circa: 2006 (12 years old)
Lot Size: 0.05 acres
Association Fee:   $55
Days on Market:   14 (since Apr 7, 2018)
Listing By: Old Dominion Realty, Inc.
Conveniently located townhouse in popular Taylor Springs subdivision. 3 Bedrooms, 2.5 Baths with a 1-car garage. Located close to additional parking and greenspace.
Elementary School:  Cub Run (Rockingham) Middle School:  Montevideo High School:  Spotswood
Sample Taylor Spring Investment Analysis....
Property Details
Purchase Price $0 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 $0 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 $0 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $1,360  
 
Cash Flow Before Tax
Gross Operating Income $13,824  
 - Operating Expenses  - $1,360  
Net Operating Income $12,464     
 - Annual Debt Service  - $0 financing 80% of the purchase price at 5.4%
Cash Flow Before Taxes    $12,464     

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Have Questions?  Contact Scott P. Rogers at 540-578-0102 or scott@HarrisonburgHousingToday.com.