188 Cherokee TrlHenricoNC27842
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment Highlights
Rental property for sale in Henrico at 188 Cherokee Trl, Henrico, NC, 27842 priced at $360,000 pairs $2,342/mo rent with $139/mo cash flow after a $1,762/mo payment. Total monthly income equals $2,342/mo, and annual cash flow comes to $1,666/yr on $119,340 invested. Return on cash invested is 21.3% in year one, and rental yield stands at 7.81% on a $360,000 basis. Equity gained on principal adds $2,323/yr, and 5% annual appreciation accumulates to $99,461 by year five. Five-year ROI measures 110.23% and total cumulative return in cash reaches $131,553. For financing, Ziffy Mortgage’s DSCR program evaluates $2,342/mo property income against a $1,762/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1999
0.57 Acres lot
$N/A/sqft
$110 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27842, Henrico, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,782 (100%) |
| Owner Occupied HU | 644 (36.1%) |
| Renter Occupied HU | 107 ( 6.0%) |
| Vacant Housing Units | 1,031 (57.9%) |
| Median Home Value | $540,842 |
| Average Home Value | $546,522 |
Housing Distribution
Address Breakdown
Residential
1,159
Single Family
1,159
Multi-Family
0
Businesses
50
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Listed by: Steven Elliot • Fathom Realty NC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10126929
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.