59 Linden AveAshevilleNC28801
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 59 Linden Ave, Asheville, NC, 28801 in Asheville worth study. Rental yield 5.78%. The 5.78% gross yield is below cash-flow benchmarks at $560,000, but 5% annual appreciation, adding $154,718 over five years, frames this as a capital growth position. Rent of $2,695/mo partially offsets the $2,518/mo payment. Ziffy Mortgage finances appreciation-play properties (1.07 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $165,913.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.8% | 5.8% |
| Monthly Cash Flow | $(718) | $420 |
City averages based on Asheville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,695 |
| Total Monthly Debt Service | $3,190 |
| DSCR Ratio | 0.84x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1933
0.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28801, Asheville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,369 (100%) |
| Owner Occupied HU | 2,578 (27.5%) |
| Renter Occupied HU | 5,188 (55.4%) |
| Vacant Housing Units | 1,603 (17.1%) |
| Median Home Value | $577,830 |
| Average Home Value | $700,325 |
Housing Distribution
Address Breakdown
Residential
8,331
Single Family
6,376
Multi-Family
1,955
Businesses
2,061
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
Single Family
Built in 1933
0.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28801, Asheville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,369 (100%) |
| Owner Occupied HU | 2,578 (27.5%) |
| Renter Occupied HU | 5,188 (55.4%) |
| Vacant Housing Units | 1,603 (17.1%) |
| Median Home Value | $577,830 |
| Average Home Value | $700,325 |
Housing Distribution
Address Breakdown
Residential
8,331
Single Family
6,376
Multi-Family
1,955
Businesses
2,061
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Grady Bradshaw • Preferred Properties
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4278728