502 7th St, Elkton, VA, 22827 | $790/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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502 7th St, Elkton, VA, 22827 | $790/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Elkton at 502 7th St, Elkton, VA, 22827 listed at $219,500 pairs $2,102/mo rent with a $1,074/mo payment to leave $790/mo cash flow. Total monthly income runs $2,102/mo, and annual cash flow reaches $9,483/yr on $72,764 cash to close. Return on cash invested measures 32.94% in year one, and rental yield registers 11.49% at a $219,500 basis. Equity gained on principal adds $1,416/yr, and annual property appreciation at 5% supports $60,644 by year five. Five-year ROI tracks 172.52% and total cumulative return in cash totals $125,530. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,102/mo property income relative to a $1,074/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1978

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this cozy 3-bedroom, 1-bath ranch-style home nestled in the heart of Elkton. Perfectly suited for first-time buyers or savvy investors, this property offers comfortable living with exciting potential for expansion. Step inside to find a practical layout with three well-sized bedrooms and a bright, functional bathroom. The home sits atop a full basement with a gravel floor, currently accessible only from the exterior. With washer and dryer hookups already in place, the basement is ripe for finishingwhether you envision a rec room, workshop, or additional living space. There's even room in the primary bedroom closet to install interior stairs for added convenience. Outside, enjoy a manageable yard and the peaceful charm of small-town living, all while being just minutes from local shops, schools, and outdoor recreation.

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