Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
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TAYLOR SPRING
1447 Flowing Spring Ln, Rockingham, VA 22801     $224,900
MLS# 604068    Under Contract
Subdivision: Taylor Spring
Area: Rockingham
Garage: 1-Car Garage
Heating: Electric, Heat Pump
Cooling: Central AC
Circa: 2009 (11 years old)
Lot Size: 0.07 acres
Association Fee:   $50
Days on Market:   5 (since May 30, 2020)
Listing By: Old Dominion Realty Inc
Remarkably maintained 3 bedroom and 2.5 baths town home, with lots of upgrades, including crown molding on the main level, and granite countertops. Located in Taylor Spring, the property is within walking distance to Sentara RMH, and only moments away from everything Harrisonburg has to offer. Hardwood floors add warmth to the kitchen and spacious main dining area, while the deck offers a quiet view. The home also features a Full walk out basement with finished bonus room, Laundry and one car garage, a Large master suit with vaulted ceilings, walk in closet and more.
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.