2308 N East Side HwyElktonVA22827
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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 2308 N East Side Hwy, Elkton, VA, 22827 earns $252/mo cash flow from $1,576/mo rent with a $1,084/mo payment. Total monthly income totals $1,576/mo, and annual cash flow totals $3,026/yr on $73,394 capital. ROI tracks 24.03% on current figures, and rental yield reads 8.54% at a $221,400 purchase. Equity gained on principal adds $1,429/yr, and 5% annual appreciation supports $61,169 over five years. Five-year ROI reaches 124.71% and total cumulative return in cash sums $91,531. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,576/mo property income instead of your personal income.
Single Family
Built in 1960
0.69 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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