6184 Runkles Gap Rd, Elkton, VA, 22827 | $132/mo Cash Flow

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6184 Runkles Gap Rd, Elkton, VA, 22827 | $132/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 6184 Runkles Gap Rd, Elkton, VA, 22827 uses $115,992 cash to close to unlock $1,583/yr annual cash flow and $132/mo monthly cash flow. Total monthly income runs $2,224/mo, and a $1,713/mo payment keeps the spread at $132/mo. Purchase price stands at $349,900, and rental yield measures 7.63% with $2,224/mo rent. Return on cash invested shows 21.27% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 109.88% and total cumulative return in cash records $127,446. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,224/mo property income covering a $1,713/mo payment rather than investor’s personal income.

Single Family

Built in 1978

5.43 Acres lot

$N/A/sqft

No HOA

More details about the property

George Washington National Forest is within walking distance to this Chalet situated on 5.43 Acres. This home offers 2 bedrooms and 2 baths on the main level with loft space for an additional bedroom and family/tv room. The home has had many recent updates to include granite countertops in Kitchen, stainless steel appliances, newly renovated main bathroom and large primary walk-in closet. Large wrap around deck with awning, playset, storage shed and wooded rear yard complete the exterior. Conveniently located near Massanutten Resort, this home could be a great Airbnb (subject to county approval) without the added cost of being in an HOA or full time living for the nature lover looking for privacy. Professional photos coming soon.

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