60 N Merrimon AveAshevilleNC28804
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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 60 N Merrimon Ave, Asheville, NC, 28804 priced at $497,900 converts $2,400/mo rent into after a $2,437/mo obligation. Total monthly income equals $2,400/mo. Return on cash invested prints 13.22% in year one, and rental yield reads 5.78% against a $497,900 entry. Equity gained on principal adds $3,213/yr, while 5% annual appreciation compiles into $137,561 by year five. Five-year ROI reaches 67.63% and total cumulative return in cash sums $111,620. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $2,437/mo payment, not borrower’s personal income.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
$285 monthly 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
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Listed by: N/A • N/A
Mls Name: Amarx Construction
Mls Provider:
Mls ID: #N/A