132 Deerlake DrAshevilleNC28803
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingReliable and efficiently structured, 132 Deerlake Dr, Asheville, NC, 28803 in Asheville is a conservative rental investment at $493,000. Rental yield 6.72%. A 1.24 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $136,207; $4,541/yr in principal paydown supplements. Total projected return: $170,960.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.7% | 5.8% |
| Monthly Cash Flow | $(776) | $420 |
City averages based on Asheville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,759 |
| Total Monthly Debt Service | $2,808 |
| DSCR Ratio | 0.98x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Townhouse
Built in 1986
0.06 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
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
Townhouse
Built in 1986
0.06 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: Gordon Farquhar • Howard Hanna Beverly-Hanks Asheville-Biltmore Park
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4344689