59 Pinewood RdAshevilleNC28805
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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
Rental property for sale in Asheville at 59 Pinewood Rd, Asheville, NC, 28805 offers $1,631/mo rent that, after a $1,050/mo payment, leaves $308/mo cash flow. Total monthly income is $1,631/mo, and annual cash flow is $3,697/yr on $71,107 cash. Return on cash invested measures 25.11% in year one, and rental yield stands at 9.12% at a $214,500 entry. Equity gained on principal adds $1,384/yr while 5% annual appreciation compounds into $59,262 by year five. Five-year ROI records 130.76% and total cumulative return in cash reaches $92,976. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,631/mo property income versus a $1,050/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1937
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28805, Asheville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,780 (100%) |
| Owner Occupied HU | 5,788 (53.7%) |
| Renter Occupied HU | 4,027 (37.4%) |
| Vacant Housing Units | 965 ( 9.0%) |
| Median Home Value | $447,936 |
| Average Home Value | $524,841 |
Housing Distribution
Address Breakdown
Residential
9,830
Single Family
8,176
Multi-Family
1,654
Businesses
544
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Nearby investment properties with comparable prices
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