28 Park AveAshevilleNC28803
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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 28 Park Ave, Asheville, NC, 28803 priced at $600,000 pairs $3,670/mo rent with $13/mo cash flow after a $2,937/mo payment. Total monthly income equals $3,670/mo, and annual cash flow comes to $156/yr on $197,400 invested. Return on cash invested is 20.14% in year one, and rental yield stands at 7.34% on a $600,000 basis. Equity gained on principal adds $3,872/yr, and 5% annual appreciation accumulates to $165,769 by year five. Five-year ROI measures 103.9% and total cumulative return in cash reaches $205,104. For financing, Ziffy Mortgage’s DSCR program evaluates $3,670/mo property income against a $2,937/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1984
0.23 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: Julie Tallman • EXP Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4287113