184 Cherry Springs Ln #1-BAshevilleNC28804
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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 184 Cherry Springs Ln #1-B, Asheville, NC, 28804 uses $115,992 cash to close to unlock $3,205/yr annual cash flow and $267/mo monthly cash flow. Total monthly income runs $2,400/mo, and a $1,713/mo payment keeps the spread at $267/mo. Purchase price stands at $349,900, and rental yield measures 8.23% with $2,400/mo rent. Return on cash invested shows 22.67% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 117.57% and total cumulative return in cash records $136,374. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Townhouse
Built in 2024
0.05 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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Listed by: Brooke Allen • Patton Allen Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4326896