Refractory high entropy alloys (RHEAs) are promising candidates for high-temperature structural materials due to their excellent high-temperature performance. However, the room-temperature brittleness of most alloys results in poor plastic formability, thereby limiting their engineering applications. In this study, Nb25Ti35V5Zr35 alloy with cold-rollability was developed, and its phase stability, tensile mechanical properties, elastic properties, strengthening mechanism, and deformation mechanism were investigated by combining experiments, CALPHAD, DFT and molecular statics (MS) methods. The results demonstrate that Nb25Ti35V5Zr35 alloy possesses good phase stability, with both the as-cast and annealed states maintaining a single-phase BCC structure without undergoing phase transformation. The tensile yield strength of the alloy reaches its peak at 1152 MPa in the cold-rolled condition, while its annealed state exhibits an optimal balance of strength and plasticity, with a yield strength of 836 MPa and an elongation of 22.45 %, respectively. Solid solution strengthening is the primary source of its high strength, with V and Zr playing key roles in this strengthening mechanism. Dislocation slip plays a dominant role in plastic deformation. Additionally, compared to traditional BCC alloys, the significance of edge dislocations in the deformation process is notably enhanced, with the {112} plane serving as the preferred slip plane for dislocations. DFT results indicate that the alloy exhibits significant anisotropy in both Young's modulus and shear modulus. This work contributes to understanding the material properties of the Nb25Ti35V5Zr35 alloy and provides a reference for the design of new ductile RHEAs.