1115 Cherokee Trl, Covington, VA, 24426 | $366/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

1115 Cherokee Trl, Covington, VA, 24426 | $366/mo Cash Flow | Ziffy

For Sale

Listed for sale 3 days ago

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

Currently Rented+ 2 more

2 Bed
2 Bath
1008 sft

292 Holcombe Ave, New Castle, VA, 24127

3 Bed
2 Bath
2003 sft

17 3rd St, New Castle, VA, 24127

1 Bed
1 Bath
1088 sft

22877 Cumberland Gap Rd, New Castle, VA, 24127

Investment Property+ 2 more

3 Bed
2 Bath
1664 sft

2804 Potts Creek Rd, Covington, VA, 24426

Nearby investment properties with comparable prices

2 Bed
2 Bath
1426 sft

56 Craig Woods Rd, New Castle, VA, 24127

3 Bed
1 Bath
1276 sft

7009 Potts Creek Rd, Covington, VA, 24426

3 Bed
2 Bath
2350 sft

17558 Sweet Springs Valley Rd, Gap Mills, WV, 24941

3 Bed
1 Bath
1284 sft

6716 Potts Creek Rd, Covington, VA, 24426

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 Covington at 1115 Cherokee Trl, Covington, VA, 24426 earns $366/mo cash flow from $1,615/mo rent with a $1,023/mo payment. Total monthly income totals $1,615/mo, and annual cash flow totals $4,387/yr on $69,284 capital. ROI tracks 26.24% on current figures, and rental yield reads 9.27% at a $209,000 purchase. Equity gained on principal adds $1,349/yr, and 5% annual appreciation supports $57,743 over five years. Five-year ROI reaches 136.55% and total cumulative return in cash sums $94,610. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,615/mo property income instead of your personal income.

Single Family

Built in 1973

0.31 Acres lot

$N/A/sqft

No HOA

More details about the property

This BEAUTIFUL Ranch home, located in the sought-after CHEROKEE FOREST Subdivision is a MUST SEE! There's a BRAND NEW Natural Gas Furnace, newer luminant floors, large rear deck, detached 1-car garage, newer 30-year Architectural Roof, tilt-in windows, and a modern kitchen with ALL Appliances. Moreover, this nice home features a very large primary bedroom, 2-full baths, Large Family room, Formal Dining Room, a Laundry/Mud Room, a PAVED DRIVEWAY, and a very spacious back yard, GREAT FOR KIDS. Located very close to Edgemont Primary School, great restaurants, shopping and recreation opportunities. This RANCH, single level home, is a MUST SEE! Don't miss out! Schedule your PRIVATE TOUR today. Schools include, Alleghany High School, Covington Middle School and Edgemont Primary School

Neighborhood Data

Neighborhood data shown for ZIP Code: 24426, Covington, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,226 (100%)
Owner Occupied HU	4,749 (65.7%)
Renter Occupied HU	1,407 (19.5%)
Vacant Housing Units	1,070 (14.8%)
Median Home Value	$121,270
Average Home Value	$161,865