209 Spotswood AveElktonVA22827
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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
Investment Highlights
Investment property for sale in Elkton at 209 Spotswood Ave, Elkton, VA, 22827 offers a 10.43% rental yield on a $275,000 purchase with $2,390/mo rent. Total monthly income registers $2,390/mo, and a $1,346/mo payment leaves $746/mo available for distribution. Annual cash flow reaches $8,953/yr on $91,163 to close, and return on cash invested stands at 29.73% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 155.29% and total cumulative return in cash at $141,563. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,390/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1922
0.29 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
4,617
Single Family
4,562
Multi-Family
55
Businesses
270
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