117 3rd StAshevilleNC28803
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
Investment Highlights
Investment property for sale in Asheville at 117 3rd St, Asheville, NC, 28803 earns from $3,217/mo rent with a $2,985/mo payment. Total monthly income totals $3,217/mo. ROI tracks 17.07% on current figures, and rental yield reads 6.33% at a $609,900 purchase. Equity gained on principal adds $3,936/yr, and 5% annual appreciation supports $168,504 over five years. Five-year ROI reaches 87.49% and total cumulative return in cash sums $175,548. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,217/mo property income instead of your personal income.
Single Family
Built in 2025
0.32 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kevin Kerr • Obsidian Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4293672