204 Willow Oaks Dr, Elkton, VA, 22827 | $417/mo Cash Flow

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204 Willow Oaks Dr, Elkton, VA, 22827 | $417/mo Cash Flow | Ziffy

Recently Sold

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

Rental property for sale in Elkton at 204 Willow Oaks Dr, Elkton, VA, 22827 generates $1,855/mo in rent and, after a $1,174/mo payment, leaves $417/mo in cash flow. Total monthly income is $1,855/mo, and annual cash flow is $5,003/yr on $79,527 invested. Return on cash invested sits at 26.2% in year one, and rental yield is 9.28% on a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 136.32% and total cumulative return in cash sums $108,415. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,855/mo property income rather than buyer’s personal income.

Townhouse

Built in 2008

2,178 sqft lot

$N/A/sqft

$50 annually HOA

More details about the property

Welcome to this charming 3 bed/1.5bath interior townhome located in the town of Elkton. This 1170 sq ft home has recently had new flooring in the kitchen and downstairs bath installed, was painted and power washed and is ready for move- in! The 3 bedrooms, full bath and laundry are all located upstairs. The primary is spacious and has a large bay window. There are 2 parking spots designated for this property.

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