220 Bee Ridge RdAshevilleNC28803
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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 220 Bee Ridge Rd, Asheville, NC, 28803 priced at $500,000 converts $2,969/mo rent into after a $2,447/mo obligation. Total monthly income equals $2,969/mo. Return on cash invested prints 19.34% in year one, and rental yield reads 7.13% against a $500,000 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,141 by year five. Five-year ROI reaches 99.68% and total cumulative return in cash sums $165,212. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,969/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 2017
1.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28803, Asheville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,900 (100%) |
| Owner Occupied HU | 8,350 (46.6%) |
| Renter Occupied HU | 7,852 (43.9%) |
| Vacant Housing Units | 1,698 ( 9.5%) |
| Median Home Value | $480,942 |
| Average Home Value | $633,652 |
Housing Distribution
Address Breakdown
Residential
18,093
Single Family
13,492
Multi-Family
4,601
Businesses
1,440
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Listed by: Athena Cermak • Keller Williams Professionals
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4281129