16 Spears Ave APT 39AshevilleNC28801
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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 16 Spears Ave APT 39, Asheville, NC, 28801 listed at $389,000 pairs $2,489/mo rent with a $1,904/mo payment to leave $118/mo cash flow. Total monthly income runs $2,489/mo, and annual cash flow reaches $1,418/yr on $128,954 cash to close. Return on cash invested measures 21.01% in year one, and rental yield registers 7.68% at a $389,000 basis. Equity gained on principal adds $2,510/yr, and annual property appreciation at 5% supports $107,474 by year five. Five-year ROI tracks 108.64% and total cumulative return in cash totals $140,094. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,489/mo property income relative to a $1,904/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1983
0.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28801, Asheville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,369 (100%) |
| Owner Occupied HU | 2,578 (27.5%) |
| Renter Occupied HU | 5,188 (55.4%) |
| Vacant Housing Units | 1,603 (17.1%) |
| Median Home Value | $577,830 |
| Average Home Value | $700,325 |
Housing Distribution
Address Breakdown
Residential
8,331
Single Family
6,376
Multi-Family
1,955
Businesses
2,061
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Listed by: Caley Bowman • Mosaic Community Lifestyle Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4300729