298 School Rd EAshevilleNC28803
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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 298 School Rd E, Asheville, NC, 28803 priced at $340,000 converts $2,538/mo rent into $466/mo cash flow after a $1,664/mo obligation. Total monthly income equals $2,538/mo, and annual cash flow totals $5,592/yr on $112,710 invested. Return on cash invested prints 24.87% in year one, and rental yield reads 8.96% against a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation compiles into $93,936 by year five. Five-year ROI reaches 129.31% and total cumulative return in cash sums $145,746. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,538/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 1930
0.20 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: Sheridan Cupp • EXP Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4329443