Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
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TAYLOR SPRING
1446 Miller Spring Ct, Rockingham, VA 22801     $185,000
MLS# 574665    For Sale
Subdivision: Taylor Spring
Area: Rockingham
Heating: Heat Pump
Cooling: Central AC, Heat Pump
Circa: 2003 (15 years old)
Lot Size: 0.05 acres
Association Fee:   $55
Days on Market:   103 (since Apr 9, 2018)
Listing By: RE/MAX Performance Realty
Price Reduced! Great Townhouse with 3 Bedrooms full finished basement, 2 full bathrooms, 2 half baths, new Trex decking on rear deck. Freshly Painted. Close to Sentara, Walmart and JMU.
Elementary School:  Peak View Middle School:  Montevideo High School:  Spotswood
Sample Taylor Spring Investment Analysis....
Property Details
Purchase Price $195,000 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 $1,658 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 $702 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $3,720  
 
Cash Flow Before Tax
Gross Operating Income $13,824  
 - Operating Expenses  - $3,720  
Net Operating Income $10,105     
 - Annual Debt Service  - $10,560 financing 80% of the purchase price at 5.5%
Cash Flow Before Taxes    $-456     

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