647 Town Mountain Rd APT 212AshevilleNC28804
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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 647 Town Mountain Rd APT 212, Asheville, NC, 28804 generates $1,705/mo in rent and, after a $979/mo payment, leaves $486/mo in cash flow. Total monthly income is $1,705/mo, and annual cash flow is $5,832/yr on $66,300 invested. Return on cash invested sits at 28.71% in year one, and rental yield is 10.23% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 149.88% and total cumulative return in cash sums $99,368. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,705/mo property income rather than buyer’s personal income.
Condo
Built in 1965
N/A lot
$N/A/sqft
No 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: Laurie Reese • Reese Real Estate Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4283358