118 Cloverleaf LnAshevilleNC28803
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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 118 Cloverleaf Ln, Asheville, NC, 28803 uses $157,264 cash to close to unlock $3,093/yr annual cash flow and $258/mo monthly cash flow. Total monthly income runs $3,547/mo, and a $2,322/mo payment keeps the spread at $258/mo. Purchase price stands at $474,400, and rental yield measures 8.97% with $3,547/mo rent. Return on cash invested shows 21.88% in year one, and 5% annual appreciation builds toward $131,068 over five years. Five-year ROI reaches 114.36% and total cumulative return in cash records $179,854. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,547/mo property income covering a $2,322/mo payment rather than investor’s personal income.
Townhouse
Built in 1988
2,613 sqft lot
$N/A/sqft
$398 monthly 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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