The Lily (End Unit) Plan, The Springs of North AshevilleAshevilleNC28804
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
Rental property for sale in Asheville at The Lily (End Unit) Plan, The Springs of North Asheville, Asheville, NC, 28804 priced at $487,900 converts $2,400/mo rent into after a $2,388/mo obligation. Total monthly income equals $2,400/mo. Return on cash invested prints 15.04% in year one, and rental yield reads 5.9% against a $487,900 entry. Equity gained on principal adds $3,148/yr, while 5% annual appreciation compiles into $134,798 by year five. Five-year ROI reaches 76.83% and total cumulative return in cash sums $124,261. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $2,388/mo payment, not borrower’s personal income.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
$83 monthly 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: N/A • Madison-Simmons Homes & Communities
Mls Name: Madison-Simmons Homes & Communities
Mls ID: #N/A