55 Edgemont RdAshevilleNC28801
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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 55 Edgemont Rd, Asheville, NC, 28801 earns from $3,960/mo rent with a $9,275/mo payment. Total monthly income totals $3,960/mo. ROI tracks 5.54% on current figures, and rental yield reads 2.51% at a $1,895,000 purchase. Equity gained on principal adds $12,228/yr, and 5% annual appreciation supports $523,554 over five years. Five-year ROI reaches 25.55% and total cumulative return in cash sums $156,845. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,960/mo property income instead of your personal income.
Single Family
Built in 1917
0.28 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: Molly McNichols • Carolina Mountain Sales
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4305083