9847 New Hope RdBluefieldWV24701
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Bluefield rental at 9847 New Hope Rd, Bluefield, WV, 24701 sits in the solid-income band: 10.91% gross yield, $954/mo rent, $347/mo net after the $472/mo debt service, DSCR 2.02. Entry price of $104,900 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $28,982 and $966/yr in principal reduction bring total cumulative return to $61,938.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 6.2% |
| Monthly Cash Flow | $347 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $954 |
| Total Monthly Debt Service | $565 |
| DSCR Ratio | 1.69x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2007
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24701, Bluefield, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,115 (100%) |
| Owner Occupied HU | 5,568 (55.0%) |
| Renter Occupied HU | 2,734 (27.0%) |
| Vacant Housing Units | 1,813 (17.9%) |
| Median Home Value | $111,471 |
| Average Home Value | $151,349 |
Housing Distribution
Address Breakdown
Residential
9,094
Single Family
8,668
Multi-Family
426
Businesses
776
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
Townhouse
Built in 2007
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24701, Bluefield, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,115 (100%) |
| Owner Occupied HU | 5,568 (55.0%) |
| Renter Occupied HU | 2,734 (27.0%) |
| Vacant Housing Units | 1,813 (17.9%) |
| Median Home Value | $111,471 |
| Average Home Value | $151,349 |
Housing Distribution
Address Breakdown
Residential
9,094
Single Family
8,668
Multi-Family
426
Businesses
776
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: ANITA DILLON, BROKER • DILLON REALTY & ASSOCIATES
Mls Name: Mercer-Tazewell County BOR
Mls ID: #55662