87 Shorewood DrAshevilleNC28804
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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 87 Shorewood Dr, Asheville, NC, 28804 listed at $667,950 pairs $3,236/mo rent with a $3,269/mo payment. Total monthly income runs $3,236/mo. Return on cash invested measures 15.5% in year one, and rental yield registers 5.81% at a $667,950 basis. Equity gained on principal adds $4,310/yr, and annual property appreciation at 5% supports $184,542 by year five. Five-year ROI tracks 79.06% and total cumulative return in cash totals $173,733. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,236/mo property income relative to a $3,269/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1952
0.81 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: Alexandra Schrank • RE/MAX Executive
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4289172