38 Austin AveAshevilleNC28801
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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 38 Austin Ave, Asheville, NC, 28801 priced at $798,000 converts $3,089/mo rent into after a $3,906/mo obligation. Total monthly income equals $3,089/mo. Return on cash invested prints 11.95% in year one, and rental yield reads 4.65% against a $798,000 entry. Equity gained on principal adds $5,149/yr, while 5% annual appreciation compiles into $220,473 by year five. Five-year ROI reaches 60.01% and total cumulative return in cash sums $157,540. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,089/mo property income covering a $3,906/mo payment, not borrower’s personal income.
Single Family
Built in 1915
0.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28801, Asheville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,369 (100%) |
| Owner Occupied HU | 2,578 (27.5%) |
| Renter Occupied HU | 5,188 (55.4%) |
| Vacant Housing Units | 1,603 (17.1%) |
| Median Home Value | $577,830 |
| Average Home Value | $700,325 |
Housing Distribution
Address Breakdown
Residential
8,331
Single Family
6,376
Multi-Family
1,955
Businesses
2,061
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Listed by: Justin Mitchell • Mosaic Community Lifestyle Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4293035