39 Rocky Ridge RdAshevilleNC28806
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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 39 Rocky Ridge Rd, Asheville, NC, 28806 generates $1,934/mo in rent and, after a $1,077/mo payment, leaves $593/mo in cash flow. Total monthly income is $1,934/mo, and annual cash flow is $7,116/yr on $72,930 invested. Return on cash invested sits at 29.67% in year one, and rental yield is 10.55% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 155.03% and total cumulative return in cash sums $113,063. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,934/mo property income rather than buyer’s personal income.
Single Family
Built in 1945
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28806, Asheville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,280 (100%) |
| Owner Occupied HU | 11,502 (51.6%) |
| Renter Occupied HU | 8,788 (39.4%) |
| Vacant Housing Units | 1,990 ( 8.9%) |
| Median Home Value | $394,834 |
| Average Home Value | $433,150 |
Housing Distribution
Address Breakdown
Residential
21,442
Single Family
20,600
Multi-Family
842
Businesses
1,507
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Listed by: Jeff Candler • Mountain Oak Properties LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4314215