1002 Jollett Rd, Elkton, VA, 22827 | $426/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1002 Jollett Rd, Elkton, VA, 22827 | $426/mo Cash Flow | Ziffy

For Sale

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NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in Elkton at 1002 Jollett Rd, Elkton, VA, 22827 priced at $309,900 pairs $2,279/mo rent with $426/mo cash flow after a $1,517/mo payment. Total monthly income equals $2,279/mo, and annual cash flow comes to $5,115/yr on $102,732 invested. Return on cash invested is 24.89% in year one, and rental yield stands at 8.82% on a $309,900 basis. Equity gained on principal adds $2,000/yr, and 5% annual appreciation accumulates to $85,620 by year five. Five-year ROI measures 129.3% and total cumulative return in cash reaches $132,828. For financing, Ziffy Mortgage’s DSCR program evaluates $2,279/mo property income against a $1,517/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2005

2.03 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming 3-bedroom, 2-bath home nestled on 2 beautiful acres just outside Elkton! This cozy property offers ample space both inside and out, perfect for enjoying peaceful country living while still being conveniently close to town. With plenty of room to grow, entertain, and relax, this is a fantastic opportunity to own your own slice of tranquility. Dont miss out on this gem!

Neighborhood Data

Neighborhood data shown for ZIP Code: 22827, Elkton, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,110 (100%)
Owner Occupied HU	3,460 (67.7%)
Renter Occupied HU	1,021 (20.0%)
Vacant Housing Units	629 (12.3%)
Median Home Value	$327,435
Average Home Value	$357,118