1425 NE 3rd Street PlaceHickoryNC28601
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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 Hickory at 1425 NE 3rd Street Place, Hickory, NC, 28601 generates $1,558/mo in rent and, after a $945/mo payment, leaves $381/mo in cash flow. Total monthly income is $1,558/mo, and annual cash flow is $4,577/yr on $63,980 invested. Return on cash invested sits at 27.06% in year one, and rental yield is 9.69% on a $193,000 entry. Equity gained on principal adds $1,245/yr, while 5% annual appreciation builds toward $53,322 over five years. Five-year ROI reaches 141.13% and total cumulative return in cash sums $90,294. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,558/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
7,405 sqft 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: James Condrey • Realty One Group Results-Boone
Mls Name: High Country AOR
Mls Provider:
Mls ID: #255999
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.