140 Old Leicester RdAshevilleNC28804
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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 140 Old Leicester Rd, Asheville, NC, 28804 offers a 14.17% rental yield on a $140,100 purchase with $1,654/mo rent. Total monthly income registers $1,654/mo, and a $686/mo payment leaves $780/mo available for distribution. Annual cash flow reaches $9,358/yr on $46,443 to close, and return on cash invested stands at 40.06% in year one. Equity gained on principal adds $904/yr while 5% annual appreciation supports $38,707 over five years. Portfolio math shows five-year ROI at 210.98% and total cumulative return in cash at $97,986. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,654/mo property income against a $686/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Apartment
Built in 1920
1.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28804, Asheville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,415 (100%) |
| Owner Occupied HU | 6,688 (58.6%) |
| Renter Occupied HU | 3,379 (29.6%) |
| Vacant Housing Units | 1,348 (11.8%) |
| Median Home Value | $608,627 |
| Average Home Value | $704,017 |
Housing Distribution
Address Breakdown
Residential
11,340
Single Family
10,728
Multi-Family
612
Businesses
633
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