1405 16th Ave NEHickoryNC28601
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 1405 16th Ave NE, Hickory, NC, 28601 earns $328/mo cash flow from $1,510/mo rent with a $949/mo payment. Total monthly income totals $1,510/mo, and annual cash flow totals $3,940/yr on $64,278 capital. ROI tracks 26.04% on current figures, and rental yield reads 9.35% at a $193,900 purchase. Equity gained on principal adds $1,251/yr, and 5% annual appreciation supports $53,571 over five years. Five-year ROI reaches 135.65% and total cumulative return in cash sums $87,193. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,510/mo property income instead of your personal income.
Single Family
Built in 1951
0.30 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: Grant Mosteller • Marc 1 Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4197781
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)