A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
2971 Crystal Spring Ln, Rockingham, VA 22801 • $292,900
MLS# 655448 • For Sale
| Subdivision: | Taylor Spring |
| Area: | Rockingham |
| Garage: | 1-Car Garage |
| Heating: | Central Heat, Electric, Forced Air, Heat Pump |
| Cooling: | Central AC, Heat Pump |
| Circa: | 2005 (19 years old) |
| Lot Size: | 0.05 acres |
| Association Fee: | $65 |
| Days on Market: | 71 (since Jul 30, 2024) |
| Listing By: | XRealty.NET LLC |
Sought after location a few minutes from hospital, JMU and downtown. Main level has a powder room, coat closet, spacious living room, dining room and kitchen with lots of storage. Large windows brighten home all day. Deck looks out to yard and open space. Big master suite w/ vaulted ceiling and large walk-in closet. Two additional bedrooms, one with walk-in closet and a second full bath down the hall with a linen closet. Spacious laundry room with shelves and a bonus room. The large garage has a big workbench and more shelves. An extra-long driveway has space for 2 cars. Freshly painted, new flooring, new microwave and disposal, HVAC replaced in 2018. Yard maintenance and snow and trash removal included in HOA. Excellent move-in condition.
| 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 | |