62 Upper Moffitt 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
Rental property for sale in Asheville at 62 Upper Moffitt Rd, Asheville, NC, 28805 priced at $489,900 converts $3,058/mo rent into $72/mo cash flow after a $2,398/mo obligation. Total monthly income equals $3,058/mo, and annual cash flow totals $865/yr on $162,402 invested. Return on cash invested prints 20.44% in year one, and rental yield reads 7.49% against a $489,900 entry. Equity gained on principal adds $3,161/yr, while 5% annual appreciation compiles into $135,350 by year five. Five-year ROI reaches 105.59% and total cumulative return in cash sums $171,485. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,058/mo property income covering a $2,398/mo payment, not borrower’s personal income.
Single Family
Built in 2025
1.23 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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Listed by: Melissa Dixon • Patton Allen Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4319276