334 Mills Gap RdAshevilleNC28803
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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 334 Mills Gap Rd, Asheville, NC, 28803 uses $117,683 cash to close to unlock $6,552/yr annual cash flow and $546/mo monthly cash flow. Total monthly income runs $2,710/mo, and a $1,738/mo payment keeps the spread at $546/mo. Purchase price stands at $355,000, and rental yield measures 9.16% with $2,710/mo rent. Return on cash invested shows 25.48% in year one, and 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 132.57% and total cumulative return in cash records $156,012. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,710/mo property income covering a $1,738/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.33 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: Erik Tillman • Roots Property Advisors dba Redtree Property Advisors
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4322358