993 Old Marshall HwyAshevilleNC28804
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 993 Old Marshall Hwy, Asheville, NC, 28804 with 5% annual appreciation on a $329,900 basis while $2,616/mo rent supports operations. Total monthly income totals $2,616/mo and a $1,615/mo payment preserves $605/mo for cash returns. Annual cash flow comes to $7,261/yr on $109,362 deployed, and return on cash invested reaches 26.55% in year one. Equity gained on principal adds $2,129/yr, and five-year appreciation sums $91,145 alongside rental yield of 9.52%. Five-year ROI measures 138.36% and total cumulative return in cash totals $151,311.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,616/mo property income versus a $1,615/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2003
0.95 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Becky Hollifield • Hollifield & Company Properties Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4333120