8 Fox Chase RdAshevilleNC28804
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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 8 Fox Chase Rd, Asheville, NC, 28804 priced at $510,000 pairs $3,108/mo rent with after a $2,496/mo payment. Total monthly income equals $3,108/mo. Return on cash invested is 20.06% in year one, and rental yield stands at 7.31% on a $510,000 basis. Equity gained on principal adds $3,291/yr, and 5% annual appreciation accumulates to $140,904 by year five. Five-year ROI measures 103.49% and total cumulative return in cash reaches $173,643. For financing, Ziffy Mortgage’s DSCR program evaluates $3,108/mo property income against a $2,496/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1962
0.54 Acres 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: David Stephens • NextHome Mountain Horizons
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4260806