204 Cedar Hill RdAshevilleNC28806
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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
Rental property for sale in Asheville at 204 Cedar Hill Rd, Asheville, NC, 28806 generates $2,519/mo in rent and, after a $1,542/mo payment, leaves $599/mo in cash flow. Total monthly income is $2,519/mo, and annual cash flow is $7,188/yr on $104,423 invested. Return on cash invested sits at 26.79% in year one, and rental yield is 9.6% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 139.62% and total cumulative return in cash sums $145,793. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,519/mo property income rather than buyer’s personal income.
Single Family
Built in 1983
0.29 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: Colleen Hannah • Coldwell Banker Advantage
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4290969