16854 E Summit Ave, Elkton, VA, 22827 | Equity Gain $2,387/yr

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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16854 E Summit Ave, Elkton, VA, 22827 | Equity Gain $2,387/yr | Ziffy

For Sale

Ziffy Mortgage

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

Total monthly income runs $0/mo, and a $1,810/mo payment. Purchase price stands at $369,900, and rental yield measures 0% with $0/mo rent. Return on cash invested shows -1.73% in year one, and 5% annual appreciation builds toward $102,197 over five years. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $0/mo property income covering a $1,810/mo payment rather than investor’s personal income.

Single Family

Built in 2025

0.27 Acres lot

$N/A/sqft

No HOA

More details about the property

Back on the market due to no fault of the seller. Home offers 3 bedroom, 2 bath with a split bedroom design. Primary bedroom features large walk in closet and private on suite. Kitchen features white cabinets, recessed lighting, vaulted ceilings, granite counter tops and stainless appliance package. Luxury vinyl plank flooring throughout. Full walk out basement with "rough ins" for additional bathroom making the basement easy to add more living space. All decks and porches have laminate vinyl planks.

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