288 Macon Ave #108ASHEVILLENC28804
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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 288 Macon Ave #108, ASHEVILLE, NC, 28804 offers a 2.54% rental yield on a $1,625,000 purchase with $3,440/mo rent. 24% in year one. Equity gained on principal adds $10,486/yr while 5% annual appreciation supports $448,958 over five years. Portfolio math shows five-year ROI at 14.1% and total cumulative return in cash at $74,236. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,440/mo property income against a $7,954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2008
N/A lot
$N/A/sqft
$1,051 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28804, Asheville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,415 (100%) |
| Owner Occupied HU | 6,688 (58.6%) |
| Renter Occupied HU | 3,379 (29.6%) |
| Vacant Housing Units | 1,348 (11.8%) |
| Median Home Value | $608,627 |
| Average Home Value | $704,017 |
Housing Distribution
Address Breakdown
Residential
11,340
Single Family
10,728
Multi-Family
612
Businesses
633
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Listed by: Tracy Veteto • COMPASS
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4242890
Disclaimer: Based on information submitted to the MLS GRID as of 2025-05-01 08:27:52 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#87)