








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Elkton at 3951 Bloomer Springs Rd, Elkton, VA, 22827 offers $2,796/mo rent that, after a $1,908/mo payment, leaves $466/mo cash flow. Total monthly income is $2,796/mo, and annual cash flow is $5,587/yr on $129,252 cash. Return on cash invested measures 24.23% in year one, and rental yield stands at 8.61% at a $389,900 entry. Equity gained on principal adds $2,516/yr while 5% annual appreciation compounds into $107,722 by year five. Five-year ROI records 125.75% and total cumulative return in cash reaches $162,529. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,796/mo property income versus a $1,908/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
9.07 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 22827, Elkton, VA area.
| 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 |
Residential
4,617
Single Family
4,562
Multi-Family
55
Businesses
270
Date | Event | Price |
|---|---|---|
| 2024-10-31 | Price change | $389,900 |
| 2024-09-19 | Listed for sale | $429,900 |
| 2017-06-28 | Sold | $82,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-11 | $688.84 | -67.91% | $325,300 | 3.04% |
| 2022-11-11 | $2146.76 | 25.42% | $315,700 | 36.49% |
| 2021-11-11 | $1711.62 | N/A | $231,300 | N/A |



Listed by: Ladawn Knicely • Hometown Realty Group
Mls Name: HRAR
Mls ID: #657028
Disclaimer: Copyright Harrisonburg-Rockingham Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.