50 Salem AveAshevilleNC28804
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 50 Salem Ave, Asheville, NC, 28804 priced at $825,000 converts $3,632/mo rent into after a $4,038/mo obligation. Total monthly income equals $3,632/mo. Return on cash invested prints 13.89% in year one, and rental yield reads 5.28% against a $825,000 entry. Equity gained on principal adds $5,324/yr, while 5% annual appreciation compiles into $227,932 by year five. Five-year ROI reaches 70.39% and total cumulative return in cash sums $191,061. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,632/mo property income covering a $4,038/mo payment, not borrower’s personal income.
Single Family
Built in 1959
0.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28804, Asheville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,415 (100%) |
| Owner Occupied HU | 6,688 (58.6%) |
| Renter Occupied HU | 3,379 (29.6%) |
| Vacant Housing Units | 1,348 (11.8%) |
| Median Home Value | $608,627 |
| Average Home Value | $704,017 |
Housing Distribution
Address Breakdown
Residential
11,340
Single Family
10,728
Multi-Family
612
Businesses
633
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Peggy Pinter • Local Roots Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4292544