A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
3053 Taylor Spring Ln, Rockingham, VA 22801 • $319,900
MLS# 652413 • For Sale
| Subdivision: | Taylor Spring |
| Area: | Rockingham |
| Heating: | Central Heat, Heat Pump |
| Cooling: | Central AC, Heat Pump |
| Circa: | 2003 (21 years old) |
| Lot Size: | 0.07 acres |
| Association Fee: | $65 |
| Days on Market: | 18 (since May 1, 2024) |
| Listing By: | Harman Realty Inc |
Introducing this ready-to-move-in, 3-bedroom, 2-bathroom townhome with a partially finished basement and two half baths. Ideally situated near RMH/Sentara, JMU, shopping, and more, you'll immediately notice the exceptional upkeep as soon as you enter. Spanning 1,890 sq ft, the main level offers a living room, half bath, and a well-equipped kitchen that opens to a bright dining area with sliding doors leading to the back deck. The upper level features a master bedroom with an en-suite bathroom, along with two additional bedrooms and a full bath. The lower level hosts a finished recreation room with direct access to the backyard, providing a versatile space suitable for a media room, family room, or guest area, plus extra room for hobbies or exercise
| Elementary School: Cub Run (Rockingham) | Middle School: Montevideo | High School: Spotswood |
Sample Taylor Spring Investment Analysis....
| Property Details | ||
| Purchase Price | $285,250 | 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 | $2,567 | 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 | $1,027 | estimate based on recent trends |
| Utilities | $0 | assumes tenant pays all utilities |
| Advertising | $100 | estimate |
| Total Operating Expenses | $5,204 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $19,584 | |
| - Operating Expenses | - $5,204 | |
| Net Operating Income | $14,380 | |
| - Annual Debt Service | - $19,392 | financing 80% of the purchase price at 7.75% |
| Cash Flow Before Taxes | $-5,012 | |