109 Richmond AveAshevilleNC28806
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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 109 Richmond Ave, Asheville, NC, 28806 offers $5,520/mo rent that, after a $4,082/mo payment, leaves $437/mo cash flow. Total monthly income is $5,520/mo, and annual cash flow is $5,246/yr on $274,386 cash. Return on cash invested measures 21.97% in year one, and rental yield stands at 7.94% at a $834,000 entry. Equity gained on principal adds $5,382/yr while 5% annual appreciation compounds into $230,419 by year five. Five-year ROI records 113.75% and total cumulative return in cash reaches $312,122. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,520/mo property income versus a $4,082/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28806, Asheville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,280 (100%) |
| Owner Occupied HU | 11,502 (51.6%) |
| Renter Occupied HU | 8,788 (39.4%) |
| Vacant Housing Units | 1,990 ( 8.9%) |
| Median Home Value | $394,834 |
| Average Home Value | $433,150 |
Housing Distribution
Address Breakdown
Residential
21,442
Single Family
20,600
Multi-Family
842
Businesses
1,507
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Listed by: Dusty Allison • Premier Sothebys International Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4298455