314 W Spring 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
Rental property for sale in Elkton at 314 W Spring Ave, Elkton, VA, 22827 offers $1,834/mo rent that, after a $1,101/mo payment, leaves $489/mo cash flow. Total monthly income is $1,834/mo, and annual cash flow is $5,871/yr on $74,588 cash. Return on cash invested measures 27.78% in year one, and rental yield stands at 9.78% at a $225,000 entry. Equity gained on principal adds $1,452/yr while 5% annual appreciation compounds into $62,163 by year five. Five-year ROI records 144.82% and total cumulative return in cash reaches $108,021. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,834/mo property income versus a $1,101/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
3,049 sqft 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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