63 Bingham Rd LOT 18AshevilleNC28806
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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 63 Bingham Rd LOT 18, Asheville, NC, 28806 uses $36,134 cash to close to unlock $2,270/yr annual cash flow and $189/mo monthly cash flow. Total monthly income runs $854/mo, and a $534/mo payment keeps the spread at $189/mo. Purchase price stands at $109,000, and rental yield measures 9.4% with $854/mo rent. Return on cash invested shows 26.19% in year one, and 5% annual appreciation builds toward $30,115 over five years. Five-year ROI reaches 136.55% and total cumulative return in cash records $49,342. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $854/mo property income covering a $534/mo payment rather than investor’s personal income.
Manufactured
Built in 2021
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28806, Asheville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,280 (100%) |
| Owner Occupied HU | 11,502 (51.6%) |
| Renter Occupied HU | 8,788 (39.4%) |
| Vacant Housing Units | 1,990 ( 8.9%) |
| Median Home Value | $394,834 |
| Average Home Value | $433,150 |
Housing Distribution
Address Breakdown
Residential
21,442
Single Family
20,600
Multi-Family
842
Businesses
1,507
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Listed by: N/A • RHP Properties
Mls Name: RHP Properties
Mls ID: #N/A