445 Chunns Cove RdAshevilleNC28805
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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 445 Chunns Cove Rd, Asheville, NC, 28805 offers a 7.8% rental yield on a $474,200 purchase with $3,084/mo rent. Total monthly income registers $3,084/mo, and a $2,321/mo payment leaves $194/mo available for distribution. Annual cash flow reaches $2,328/yr on $157,197 to close, and return on cash invested stands at 21.39% in year one. Equity gained on principal adds $3,060/yr while 5% annual appreciation supports $131,013 over five years. Portfolio math shows five-year ROI at 110.65% and total cumulative return in cash at $173,936. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,084/mo property income against a $2,321/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28805, Asheville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,780 (100%) |
| Owner Occupied HU | 5,788 (53.7%) |
| Renter Occupied HU | 4,027 (37.4%) |
| Vacant Housing Units | 965 ( 9.0%) |
| Median Home Value | $447,936 |
| Average Home Value | $524,841 |
Housing Distribution
Address Breakdown
Residential
9,830
Single Family
8,176
Multi-Family
1,654
Businesses
544
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Nearby investment properties with comparable prices
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