A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
2911 Diamond Spring Ln, Rockingham, VA 22801 • $309,900
MLS# 653877 • Under Contract
| Subdivision: | Taylor Spring |
| Area: | Rockingham |
| Garage: | 1-Car Garage |
| Heating: | Heat Pump |
| Cooling: | Central AC, Heat Pump |
| Circa: | 2006 (18 years old) |
| Lot Size: | 0.05 acres |
| Association Fee: | $65 |
| Days on Market: | 96 (since Jul 5, 2024) |
| Listing By: | Harman Realty Inc |
Welcome to this meticulously maintained townhome located in the premier Taylor Spring subdivision! You'll find 9ft. ceilings and a spacious kitchen on the main level, along with a proper dining area flooded with the natural light. Off of the main living area is a wonderful deck perfect for evening grilling or morning coffee. In addition to the large garage, you'll also find a huge 444 sqft finished bonus room on the lower level. The top floor boasts three generous bedrooms and a full bathroom. The primary bedroom has a vaulted ceiling and an enormous walk-in closet, along with a full en suite bathroom. Conveniently located to RMH Sentara Hospital, Shopping, JMU, and EMU. Schedule your showing today!
| Elementary School: Cub Run (Rockingham) | Middle School: Montevideo | High School: Spotswood |
Sample Taylor Spring Investment Analysis....
| Property Details | ||
| Purchase Price | $290,000 | based on median sales price |
| Income (Annual) | ||
| Monthly Rental Rate | $1,700 | estimate based on currently available rental data |
| Projected Vacancy | 4% | half a month per year |
| Gross Operating Income | $19,584 | |
| Expense (Annual) | ||
| Real Estate Taxes | $2,610 | estimate based on median sales price |
| Repairs | $850 | estimate based on typical property condition |
| Association Dues | $660 | estimated to be $55 per month |
| Property Management | $0 | assuming self management |
| Insurance | $1,044 | estimate based on recent trends |
| Utilities | $0 | assumes tenant pays all utilities |
| Advertising | $100 | estimate |
| Total Operating Expenses | $5,264 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $19,584 | |
| - Operating Expenses | - $5,264 | |
| Net Operating Income | $14,320 | |
| - Annual Debt Service | - $19,716 | financing 80% of the purchase price at 7.75% |
| Cash Flow Before Taxes | $-5,396 | |