5715 Cherokee RdNorthforkWV24868
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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
Investment Highlights
Rental property for sale in Northfork at 5715 Cherokee Rd, Northfork, WV, 24868 generates $1,019/mo in rent and, after a $562/mo payment, leaves $355/mo in cash flow. Total monthly income is $1,019/mo, and annual cash flow is $4,254/yr on $38,089 invested. Return on cash invested sits at 31.08% in year one, and rental yield is 10.64% on a $114,900 entry. Equity gained on principal adds $741/yr, while 5% annual appreciation builds toward $31,745 over five years. Five-year ROI reaches 162.29% and total cumulative return in cash sums $61,814. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,019/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
3,789 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24868, Northfork, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 615 (100%) |
| Owner Occupied HU | 316 (51.4%) |
| Renter Occupied HU | 73 (11.9%) |
| Vacant Housing Units | 226 (36.7%) |
| Median Home Value | $60,909 |
| Average Home Value | $65,538 |
Housing Distribution
Address Breakdown
Residential
216
Single Family
216
Multi-Family
0
Businesses
32
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Listed by: The Christy Wood Team Wv • SOLUTIONS REAL ESTATE
Mls Name: Mercer-Tazewell County BOR
Mls Provider:
Mls ID: #53305
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.