52 Loomis AveAshevilleNC28803
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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 52 Loomis Ave, Asheville, NC, 28803 offers a 10.83% rental yield on a $442,900 purchase with $3,998/mo rent. Total monthly income registers $3,998/mo, and a $2,168/mo payment leaves $1,299/mo available for distribution. Annual cash flow reaches $15,582/yr on $146,821 to close, and return on cash invested stands at 30.52% in year one. Equity gained on principal adds $2,858/yr while 5% annual appreciation supports $122,365 over five years. Portfolio math shows five-year ROI at 159.64% and total cumulative return in cash at $234,393. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,998/mo property income against a $2,168/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
0.69 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: Cory Wall • EXP Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4316610