27 Ormond AveAshevilleNC28806
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 27 Ormond Ave, Asheville, NC, 28806 in Asheville at $365,000 earns $2,262/mo in rent and nets $38/mo after the $1,641/mo payment, a 7.44% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $100,843 over five years. Ziffy Mortgage underwrites this on a 1.38 DSCR without U.S. credit history. With $3,362/yr in principal paydown, total projected return reaches $140,676.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 5.8% |
| Monthly Cash Flow | $38 | $420 |
City averages based on Asheville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,262 |
| Total Monthly Debt Service | $2,079 |
| DSCR Ratio | 1.09x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1928
0.13 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1928
0.13 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chase Rickman • Yancey Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4309730