Troy Flack Keller Williams
States: North Carolina
Counties: Buncombe, Henderson, Madison and Haywood
Cities and Towns: Asheville, Weaverville, Black Mountain, Candler, Arden, Fairview, Fletcher, Mills River, Horse Shoe, Hendersonville, Swannanoa
Licensed Since: 2007 | NC License # 253240
About Troy Flack
I have been in the local real estate industry for close to 30 years, including 20 years as a state certified appraiser. My background is extensive from working with builders on spec homes, locating suitable project developments, single family valuation and sales, condos, townhomes, etc. I have personally completed flip projects and owned rental properties. I am skilled at providing before and after values. Additionally, I have a large network of trusted professionals to assist with the process.
Asheville, NC is consistently rated as one of the best small towns in America with the highest breweries per capita and an incredible food and beverage scene that rivals most large cities in America. We also have a huge array of outdoor activities from whitewater rafting, golf, hiking, running, biking and more! The greater Asheville area has become a destination for homeowners, retirees and investors due to the heavy demand for housing and rental stock (short term or long term).
Investment Price Points
Entry level price points would be from $200,000 - $300,000 for B or C neighborhoods and positive cash flows with at least 20 percent down. Mid level price points would be from $300,000 - $450,000 for A neighborhoods and yield positive cash flows with at least 20 percent down. Cap rates for multifamily are currently in the 6-8 percent range on average with limited inventory available across all price points currently.
Free Report: Demographic and Housing Data on the Asheville Market
Would you like free demographic and housing data on the Asheville market? The report includes information on schools, income, employment, crime, average sale prices, fair market rents and more. You can get reports on the whole market or zero in on a specific zip code.
This report has all the info you need to help you decide if the Asheville market is right for you! Click here to get your free report.