A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
2935 Taylor Spring Ln, Rockingham, VA 22801 • $299,000
MLS# 659206 • For Sale
| Subdivision: | Taylor Spring |
| Area: | Rockingham |
| Heating: | Central Heat, Electric, Heat Pump |
| Cooling: | Central AC, Heat Pump |
| Circa: | 2001 (24 years old) |
| Lot Size: | 0.07 acres |
| Association Fee: | $65 |
| Days on Market: | 48 (since Dec 5, 2024) |
| Listing By: | Funkhouser Real Estate Group |
One-owner 3 Bedroom/2.5 Bath Taylor Spring townhouse with partially finished walkout basement & lovely screened-in porch with Massanutten mountain views. The kitchen features hardwood floors, an eat-in dining area, a breakfast bar, newer refrigerator, roll out shelves, & access to the screened-in porch. The all-weather screened porch was custom built to ensure a dry landing below, and it's a delightful place to enjoy your morning coffee & watch the sunrise over Massanutten. The living room has an adjacent half bath, convenient for you & your guests. Upstairs, the primary suite features a vaulted ceiling, ensuite bathroom w/ two vanities, ceiling fan & walk-in closet. Down the hall, you'll find two more bedrooms with ceiling fans in each room. The basement provides an additional rec room with access to the patio & fully fenced backyard. Additional unfinished space could be used for storage, a workout space, workshop, etc. The bus stops right outside the house, & you'll have 2 reserved spaces plus an adjacent visitor spot. Enjoy a convenient location across the road from Sentara Hospital with easy access to I-81, JMU, & downtown Harrisonburg. Book 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 | |