185 Macon Ave APT A7AshevilleNC28804
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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 185 Macon Ave APT A7, Asheville, NC, 28804 earns from $2,681/mo rent with a $4,748/mo payment. Total monthly income totals $2,681/mo. ROI tracks 7.91% on current figures, and rental yield reads 3.32% at a $970,000 purchase. Equity gained on principal adds $6,259/yr, and 5% annual appreciation supports $267,993 over five years. Five-year ROI reaches 38.34% and total cumulative return in cash sums $122,345. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,681/mo property income instead of your personal income.
Condo
Built in 1925
N/A 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: Neely Neu • Unique: A Real Estate Collective
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4335707