1100 Black Walnut DrHickoryNC28602
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
Investment property for sale in Hickory at 1100 Black Walnut Dr, Hickory, NC, 28602 at $329,000 posts ROI 25.18% with $479/mo cash flow from $2,484/mo rent. Total monthly income equals $2,484/mo, and annual cash flow records $5,750/yr on $109,064 to close. Return on cash invested measures 25.18% and rental yield reads 9.06% at the current $329,000. Equity gained on principal adds $2,123/yr, and 5% annual appreciation supports $90,897 by year five. Five-year ROI prints 131.02% and total cumulative return in cash totals $142,893.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,484/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2007
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28602, Hickory, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,156 (100%) |
| Owner Occupied HU | 8,012 (60.9%) |
| Renter Occupied HU | 3,979 (30.2%) |
| Vacant Housing Units | 1,165 ( 8.9%) |
| Median Home Value | $226,054 |
| Average Home Value | $256,746 |
Housing Distribution
Address Breakdown
Residential
12,634
Single Family
11,779
Multi-Family
855
Businesses
1,733
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Listed by: Laura Bowman-Messick • Berkshire Hathaway Homeservices Landmark Prop
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4192633
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