Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
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TAYLOR SPRING
2865 Taylor Spring Ln, Rockingham, VA 22801     $209,500
MLS# 588797    Under Contract
Subdivision: Taylor Spring
Area: Rockingham
Heating: Central Heat, Electric, Forced Air, Heat Pump
Cooling: Central AC, Heat Pump
Circa: 2003 (16 years old)
Lot Size: 0.11 acres
Association Fee:   $60
Days on Market:   16 (since May 31, 2019)
Listing By: APMS Realty LLC
This spacious townhome is an end unit with brick facade and has 3 levels that includes a full, mostly finished walk out basement. The main floor features a large living room, half bath, kitchen and dining area. The 2nd floor has 2 full baths, a laundry closet and 3 bedrooms including a master suite with a vaulted ceiling and walk-in closet. The finished basement area is carpeted and open and the townhome is surrounded with lots of green space beside and behind.
Elementary School:  Cub Run (Rockingham) Middle School:  Montevideo High School:  Spotswood
Sample Taylor Spring Investment Analysis....
Property Details
Purchase Price $202,000 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 $1,717 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 $727 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $3,804  
 
Cash Flow Before Tax
Gross Operating Income $13,824  
 - Operating Expenses  - $3,804  
Net Operating Income $10,020     
 - Annual Debt Service  - $10,944 financing 80% of the purchase price at 5.5%
Cash Flow Before Taxes    $-924     

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