117 24th St NWHickoryNC28601
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 117 24th St NW, Hickory, NC, 28601 earns $362/mo cash flow from $1,450/mo rent with a $874/mo payment. Total monthly income totals $1,450/mo, and annual cash flow totals $4,342/yr on $59,173 capital. ROI tracks 27.25% on current figures, and rental yield reads 9.75% at a $178,500 purchase. Equity gained on principal adds $1,152/yr, and 5% annual appreciation supports $49,316 over five years. Five-year ROI reaches 142.08% and total cumulative return in cash sums $84,074. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,450/mo property income instead of your personal income.
Townhouse
Built in 2003
0.03 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angie Cannon • Cannon & Cannon Properties,LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4321877