| Owning that dream is easier than you think. Our biggest asset is you. Yours could be owning a home at Smith Mountain Lake. Whether you're in the market to buy a second home or a residence, I will find you what you want. But then so will any other realtor with current MLS listings, right? Not necessarily. I spend time matching the listings to properties that suit your needs. I'll stay in regular contact with you so you don't miss out on the perfect home (property moves quickly at the Lake!) I outline your options, advise you on resale potential, provide you with information about the community and give you guidance on where to secure financing, insurance, furnishings, utilities, and other necessities. It's simple. Because you are valuable to us, I will meet your expectations. That's our form of asset management. 
This home features 5 Bedrooms and 3 full baths. The main level has vaulted ceilings in the great room plus an open kitchen, dining and living area. 
A full deck stretches across the waterfront side of the home. The lower level offers spacious recreation room. There is a sandy beach and covered dock with an overhead sundeck. This home was completed in May of 2000. The net rental income for 2000 was approximately 24K. This home was just listed for $339,900 This home could be yours! Do The Math For this example, I have 20% down payment amortized over 30 years at an 6.75% interest rate. This gives you the monthly PITI payment of $1,912 or $22,944 per year. Take a look at the benefits of owning this home. Tax Deductions Includes deductions for interest and taxes.....$19,596 Tax Savings (based on a 25% tax bracket).....$7,704 Appreciation (Based on 6% annual rate).....$23,784 Expenses - PITI Payment..........$22,944 Other estimated expenses.....$4,600 Estimated income......$23,795 ESTIMATED NET.....($-5,440) |