103 Cimarron DrAshevilleNC28803
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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 Asheville at 103 Cimarron Dr, Asheville, NC, 28803 offers $1,794/mo rent that, after a $1,527/mo payment. Total monthly income is $1,794/mo. Return on cash invested measures 18.66% in year one, and rental yield stands at 6.9% at a $312,000 entry. Equity gained on principal adds $2,013/yr while 5% annual appreciation compounds into $86,200 by year five. Five-year ROI records 96.05% and total cumulative return in cash reaches $99,347. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,794/mo property income versus a $1,527/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1985
0.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28803, Asheville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,900 (100%) |
| Owner Occupied HU | 8,350 (46.6%) |
| Renter Occupied HU | 7,852 (43.9%) |
| Vacant Housing Units | 1,698 ( 9.5%) |
| Median Home Value | $480,942 |
| Average Home Value | $633,652 |
Housing Distribution
Address Breakdown
Residential
18,093
Single Family
13,492
Multi-Family
4,601
Businesses
1,440
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Listed by: Steven Owens • Keller Williams Biltmore Village
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4318605