111 Bowling Park Rd #111AshevilleNC28803
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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
Investment property for sale in Asheville at 111 Bowling Park Rd #111, Asheville, NC, 28803 earns $505/mo cash flow from $2,608/mo rent with a $1,689/mo payment. Total monthly income totals $2,608/mo, and annual cash flow totals $6,060/yr on $114,368 capital. ROI tracks 25.21% on current figures, and rental yield reads 9.07% at a $345,000 purchase. Equity gained on principal adds $2,226/yr, and 5% annual appreciation supports $95,317 over five years. Five-year ROI reaches 131.13% and total cumulative return in cash sums $149,968. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,608/mo property income instead of your personal income.
Condo
Built in 2006
N/A 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: Phillip Gamble • Sundog Realty, Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4280920