2604 Vineyard BlvdAshevilleNC28805
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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 2604 Vineyard Blvd, Asheville, NC, 28805 uses $75,251 cash to close to unlock $2,263/yr annual cash flow and $189/mo monthly cash flow. Total monthly income runs $1,572/mo, and a $1,111/mo payment keeps the spread at $189/mo. Purchase price stands at $227,000, and rental yield measures 8.31% with $1,572/mo rent. Return on cash invested shows 22.92% in year one, and 5% annual appreciation builds toward $62,716 over five years. Five-year ROI reaches 118.87% and total cumulative return in cash records $89,449. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,572/mo property income covering a $1,111/mo payment rather than investor’s personal income.
Condo
Built in 1989
N/A 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
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Listed by: Marie Reed • Keller Williams Professionals Asheville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4328753