338 Fairfax 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 338 Fairfax Ave, Elkton, VA, 22827 with 5% annual appreciation on a $279,900 basis while $2,072/mo rent supports operations. Total monthly income totals $2,072/mo and a $1,370/mo payment preserves $399/mo for cash returns. Annual cash flow comes to $4,785/yr on $92,787 deployed, and return on cash invested reaches 25.07% in year one. Equity gained on principal adds $1,806/yr, and five-year appreciation sums $77,331 alongside rental yield of 8.88%. Five-year ROI measures 130.24% and total cumulative return in cash totals $120,841.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,072/mo property income versus a $1,370/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1961
0.31 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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