115 Clubwood CtAshevilleNC28803
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 115 Clubwood Ct, Asheville, NC, 28803 in Asheville deserves attention. This $405,000 property earns $3,626/mo in rent, a 10.74% gross yield, and nets $1,158/mo after the $1,821/mo payment. DSCR 1.99 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $111,894 compounds alongside $3,730/yr in yearly equity build, for a total cumulative return of $227,899.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 5.8% |
| Monthly Cash Flow | $1,158 | $420 |
City averages based on Asheville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,626 |
| Total Monthly Debt Service | $2,307 |
| DSCR Ratio | 1.57x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1982
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1982
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tom Lasley • GreyBeard Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4311262