8 Sweet Gum DrAshevilleNC28805
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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 Sweet Gum Dr, Asheville, NC, 28805 priced at $475,000 converts $3,082/mo rent into $187/mo cash flow after a $2,325/mo obligation. Total monthly income equals $3,082/mo, and annual cash flow totals $2,244/yr on $157,463 invested. Return on cash invested prints 21.33% in year one, and rental yield reads 7.79% against a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation compiles into $131,234 by year five. Five-year ROI reaches 110.35% and total cumulative return in cash sums $173,767. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,082/mo property income covering a $2,325/mo payment, not borrower’s personal income.
Single Family
Built in 1999
0.17 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: Elizabeth Putnam • Mosaic Community Lifestyle Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4316589