A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
2890 Crystal Spring Ln, Rockingham, VA 22801 • $315,000
MLS# 664708 • Under Contract
| Subdivision: | Taylor Spring |
| Area: | Rockingham |
| Garage: | 1-Car Garage |
| Heating: | Electric, Heat Pump |
| Cooling: | Heat Pump |
| Circa: | 2005 (20 years old) |
| Lot Size: | 0.07 acres |
| Days on Market: | 5 (since May 27, 2025) |
| Listing By: | Kline May Realty |
End unit townhome designed to blend comfort and functionality with an inviting atmosphere. Taylor Springs community offers county feel living just outside of the Harrisonburg city limits with easy access to JMU, local hospital, restaurants, shopping and downtown activities. Come take a look.
| 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 | |