314 W Spring Ave, Elkton, VA, 22827 | $489/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

314 W Spring Ave, Elkton, VA, 22827 | $489/mo Cash Flow | Ziffy

For Sale

Listed for sale 7 days ago

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
3 Bath
2347 sft

309 2nd St, Grottoes, VA, 24441

3 Bed
1 Bath
1061 sft

46 Marys Ln, Waynesboro, VA, 22980

3 Bed
1 Bath
1060 sft

302 17th St, Grottoes, VA, 24441

3 Bed
3 Bath
2471 sft

404 3rd St, Grottoes, VA, 24441

Nearby investment properties with comparable prices

2 Bed
3 Bath
1120 sft

105 13th St UNIT E, Grottoes, VA, 24441

3 Bed
1 Bath
1060 sft

302 17th St, Grottoes, VA, 24441

3 Bed
1 Bath
1061 sft

81 Eastgate Dr, Verona, VA, 24482

3 Bed
2 Bath
1080 sft

10351 Ore Bank Rd, Grottoes, VA, 24441

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

Explore more listings using simple english

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

More details about the property

Investors this is the one!! There is a huge upside on this brick charmer, bring your tools and your creative hats. This home features 3 bedrooms and 1 full bathroom. Beautiful brick exterior, for a timeless look. Plenty of wood flooring throughout ready to be cleaned and refinished. Charming fireplace right in the living room. The back patio is large and covered for entertaining, relaxing, or outdoor storage! This home is moments from downtown Elkton and a convenient drive to Harrisonburg or Charlottesville.

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