20 Cardinal Ridge DrAshevilleNC28805
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 20 Cardinal Ridge Dr, Asheville, NC, 28805 at $299,000 posts ROI 22.33% with $200/mo cash flow from $2,022/mo rent. Total monthly income equals $2,022/mo, and annual cash flow records $2,402/yr on $99,119 to close. Return on cash invested measures 22.33% and rental yield reads 8.12% at the current $299,000. Equity gained on principal adds $1,929/yr, and 5% annual appreciation supports $82,608 by year five. Five-year ROI prints 115.75% and total cumulative return in cash totals $114,730.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,022/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1959
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28805, Asheville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,780 (100%) |
| Owner Occupied HU | 5,788 (53.7%) |
| Renter Occupied HU | 4,027 (37.4%) |
| Vacant Housing Units | 965 ( 9.0%) |
| Median Home Value | $447,936 |
| Average Home Value | $524,841 |
Housing Distribution
Address Breakdown
Residential
9,830
Single Family
8,176
Multi-Family
1,654
Businesses
544
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Luda Cooper • Premier Sothebys International Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4331377