Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
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TAYLOR SPRING
2897 Taylor Spring Ln, Rockingham, VA 22801     $204,900
MLS# 604036    Under Contract
Subdivision: Taylor Spring
Area: Rockingham
Heating: Central Heat, Heat Pump
Cooling: Central AC, Heat Pump
Circa: 2002 (18 years old)
Lot Size: 0.06 acres
Association Fee:   $180
Days on Market:   11 (since May 24, 2020)
Listing By: Funkhouser Real Estate Group
This meticulously maintained single owner townhouse is move-in ready. This home affords two master suites with vaulted ceilings, connected full baths, and ample closet space. Enjoy a stackable washer and dryer, that conveys, on the bedroom level. The house has upgraded floors throughout, crown molding in and an oversized refrigerator in the kitchen, and a new (2019) energy-efficient heat pump. Located in close proximity to RMH, shopping, JMU, and the interstate.
Elementary School:  Cub Run (Rockingham) Middle School:  Montevideo High School:  Spotswood
Sample Taylor Spring Investment Analysis....
Property Details
Purchase Price $206,150 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 $1,752 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 $742 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $3,854  
 
Cash Flow Before Tax
Gross Operating Income $13,824  
 - Operating Expenses  - $3,854  
Net Operating Income $9,970     
 - Annual Debt Service  - $11,160 financing 80% of the purchase price at 5.5%
Cash Flow Before Taxes    $-1,190     

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