99 Monger Hill Rd, Elkton, VA, 22827 | $173/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

99 Monger Hill Rd, Elkton, VA, 22827 | $173/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
1 Bath
835 sft

225 Stull Run Ln, Grottoes, VA, 24441

2 Bed
1 Bath
741 sft

35 Samsons Cir, Crimora, VA, 24431

2 Bed
2 Bath
1100 sft

8 Lee St, Verona, VA, 24482

3 Bed
1 Bath
1980 sft

901 Augusta Ave, Grottoes, VA, 24441

Nearby investment properties with comparable prices

3 Bed
3 Bath
1408 sft

127 21st St, Grottoes, VA, 24441

3 Bed
1 Bath
1008 sft

6 Bingham St, Verona, VA, 24482

2 Bed
3 Bath
1120 sft

207 15th St #A, Grottoes, VA, 24441

2 Bed
1 Bath
1219 sft

713 Saint James Rd, Fishersville, VA, 22939

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

Investment property for sale in Elkton at 99 Monger Hill Rd, Elkton, VA, 22827 uses $79,527 cash to close to unlock $2,077/yr annual cash flow and $173/mo monthly cash flow. Total monthly income runs $1,607/mo, and a $1,174/mo payment keeps the spread at $173/mo. Purchase price stands at $239,900, and rental yield measures 8.04% with $1,607/mo rent. Return on cash invested shows 22.52% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 116.62% and total cumulative return in cash records $92,743. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,607/mo property income covering a $1,174/mo payment rather than investor’s personal income.

Single Family

Built in 1962

0.46 Acres lot

$N/A/sqft

No HOA

More details about the property

This solid brick home located conveniently right outside town limits of Elkton offers 2 bedroom, 2 bath, open kitchen/dining area and oversized garage. Home also has a full basement with inside access. There are 2 rooms semi finished in basement that are perfect for home office or craft projects. Backyard is fully fenced and has an outbuilding with electric. House features heat pump with propane gas backup as well as solar panels on roof to help offset those rising utility costs. All appliances convey with the sale as well as the whole house water softener. Home is being sold together with vacant lot to the right of home, MLS #662807

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