113 Burton StAshevilleNC28806
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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 113 Burton St, Asheville, NC, 28806 offers a 10.65% rental yield on a $624,000 purchase with $5,536/mo rent. Total monthly income registers $5,536/mo, and a $3,054/mo payment leaves $1,733/mo available for distribution. Annual cash flow reaches $20,798/yr on $205,296 to close, and return on cash invested stands at 30.19% in year one. Equity gained on principal adds $4,027/yr while 5% annual appreciation supports $172,400 over five years. Portfolio math shows five-year ROI at 157.84% and total cumulative return in cash at $324,035. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,536/mo property income against a $3,054/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
0.13 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: Lee Smith • Redfin Corporation
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4283596