1510 1st Street Pl SEHickoryNC28602
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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 1510 1st Street Pl SE, Hickory, NC, 28602 offers a 7.95% rental yield on a $210,000 purchase with $1,392/mo rent. Total monthly income registers $1,392/mo, and a $1,028/mo payment leaves $112/mo available for distribution. Annual cash flow reaches $1,344/yr on $69,615 to close, and return on cash invested stands at 21.84% in year one. Equity gained on principal adds $1,355/yr while 5% annual appreciation supports $58,019 over five years. Portfolio math shows five-year ROI at 113.05% and total cumulative return in cash at $78,700. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,392/mo property income against a $1,028/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
2.70 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: Janee Krauth • Realty Executives of Hickory
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4327969