15 Lees Creek Rd UNIT KAshevilleNC28806
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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 15 Lees Creek Rd UNIT K, Asheville, NC, 28806 uses $82,875 cash to close to unlock $1,632/yr annual cash flow and $136/mo monthly cash flow. Total monthly income runs $1,660/mo, and a $1,224/mo payment keeps the spread at $136/mo. Purchase price stands at $250,000, and rental yield measures 7.97% with $1,660/mo rent. Return on cash invested shows 21.88% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 113.26% and total cumulative return in cash records $93,862. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,660/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Townhouse
Built in 2008
0.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28806, Asheville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,280 (100%) |
| Owner Occupied HU | 11,502 (51.6%) |
| Renter Occupied HU | 8,788 (39.4%) |
| Vacant Housing Units | 1,990 ( 8.9%) |
| Median Home Value | $394,834 |
| Average Home Value | $433,150 |
Housing Distribution
Address Breakdown
Residential
21,442
Single Family
20,600
Multi-Family
842
Businesses
1,507
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Listed by: Scott Elliott • Keller Williams Elite Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4330522