A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
TAYLOR SPRING
Taylor Spring • The Townes at Bluestone
Sales Per Year....
| 2023 |
|
5 (ytd) |
| 2022 |
|
6 |
| 2021 |
|
16 |
| 2020 |
|
21 |
| 2019 |
|
11 |
| 2018 |
|
9 |
| 2017 |
|
16 |
Median Sales Price....
| 2023 |
|
$295,000 |
| 2022 |
|
$272,950 |
| 2021 |
|
$245,750 |
| 2020 |
|
$219,000 |
| 2019 |
|
$206,000 |
| 2018 |
|
$200,000 |
| 2017 |
|
$186,250 |
Sample Taylor Spring Investment Analysis....
| Property Details | ||
| Purchase Price | $290,000 | based on median sales price |
| Income (Annual) | ||
| Monthly Rental Rate | $1,450 | estimate based on currently available rental data |
| Projected Vacancy | 4% | half a month per year |
| Gross Operating Income | $16,704 | |
| Expense (Annual) | ||
| Real Estate Taxes | $2,610 | estimate based on median sales price |
| Repairs | $725 | 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 | $5,139 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $16,704 | |
| - Operating Expenses | - $5,139 | |
| Net Operating Income | $11,565 | |
| - Annual Debt Service | - $13,644 | financing 80% of the purchase price at 4.25% |
| Cash Flow Before Taxes | $-2,079 | |
Sales in the Past 36 Months....
Current Listings....
2915 Diamond Spring Ln
3 Beds • 2 Baths • 1 Half Baths
1,528 livable square feet
$299,000 (For Sale)
Listing By: Funkhouser Real Estate Group
Neighborhood Map....