1090 7th Ave NW #14HickoryNC28601
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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
Investment property for sale in Hickory at 1090 7th Ave NW #14, Hickory, NC, 28601 offers a 9.36% rental yield on a $125,000 purchase with $975/mo rent. Total monthly income registers $975/mo, and a $612/mo payment leaves $213/mo available for distribution. Annual cash flow reaches $2,556/yr on $41,438 to close, and return on cash invested stands at 26.08% in year one. Equity gained on principal adds $807/yr while 5% annual appreciation supports $34,535 over five years. Portfolio math shows five-year ROI at 135.77% and total cumulative return in cash at $56,261. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $975/mo property income against a $612/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28601, Hickory, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,555 (100%) |
| Owner Occupied HU | 15,015 (58.8%) |
| Renter Occupied HU | 8,486 (33.2%) |
| Vacant Housing Units | 2,054 ( 8.0%) |
| Median Home Value | $303,595 |
| Average Home Value | $360,678 |
Housing Distribution
Address Breakdown
Residential
24,340
Single Family
22,229
Multi-Family
2,111
Businesses
1,506
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Listed by: John McClelland • Blue Oak Realty Group
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4329868