A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
1476 Miller Spring Ct, Rockingham, VA 22801 • $299,900
MLS# 660729 • Under Contract
| Subdivision: | Taylor Spring |
| Area: | Rockingham |
| Heating: | Electric |
| Cooling: | Heat Pump |
| Circa: | 2003 (22 years old) |
| Lot Size: | 0.06 acres |
| Association Fee: | $65 |
| Days on Market: | 22 (since Feb 20, 2025) |
| Listing By: | Funkhouser Real Estate Group |
Welcome to your new home in Taylor Spring, just minutes from Sentara Medical Center, JMU, shopping, and dining! This well-maintained townhome features oak hardwood floors in the living room, a convenient half bath, and a spacious eat-in kitchen with a breakfast bar—perfect for casual dining. Step outside to your private rear deck and fenced yard, complete with raised garden beds. Upstairs, you’ll find two primary suites, each with vaulted ceilings, a private en-suite bathroom, and ample closet space, offering both flexibility and privacy. The finished basement expands your living space with a full bathroom, making it ideal for a game room, guest suite, or additional lounge area. Plus, a highly functional unfinished storage room provides the perfect solution for organization. With a recently updated HVAC system and low-maintenance living, this home is a fantastic opportunity for buyers and investors. Don’t miss your chance to own a home that offers space, convenience, and modern comfort!
| 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 | |