22 Faholoa Ridge RdBlack MountainNC28711
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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 Black Mountain at 22 Faholoa Ridge Rd, Black Mountain, NC, 28711 with 5% annual appreciation on a $520,000 basis while $3,517/mo rent supports operations. Total monthly income totals $3,517/mo and a $2,545/mo payment preserves $348/mo for cash returns. Annual cash flow comes to $4,176/yr on $171,080 deployed, and return on cash invested reaches 22.5% in year one. Equity gained on principal adds $3,355/yr, and five-year appreciation sums $143,666 alongside rental yield of 8.12%. Five-year ROI measures 116.57% and total cumulative return in cash totals $199,427.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,517/mo property income versus a $2,545/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2008
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28711, Black Mountain, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,280 (100%) |
| Owner Occupied HU | 4,528 (54.7%) |
| Renter Occupied HU | 1,930 (23.3%) |
| Vacant Housing Units | 1,822 (22.0%) |
| Median Home Value | $443,269 |
| Average Home Value | $495,702 |
Housing Distribution
Address Breakdown
Residential
6,885
Single Family
6,549
Multi-Family
336
Businesses
637
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Listed by: Toni Ewing • Asheville Crafted Real Estate, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4316840