261 Forest Hill DrAshevilleNC28803
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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 261 Forest Hill Dr, Asheville, NC, 28803 generates $3,264/mo in rent, after a $3,377/mo payment. Total monthly income is $3,264/mo. Return on cash invested sits at 15.09% in year one, and rental yield is 5.68% on a $690,000 entry. Equity gained on principal adds $4,452/yr, while 5% annual appreciation builds toward $190,634 over five years. Five-year ROI reaches 76.81% and total cumulative return in cash sums $174,368. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,264/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
0.14 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: Claire Stanhope • Town and Mountain Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4269408