185 33rd St NWHickoryNC28601
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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 185 33rd St NW, Hickory, NC, 28601 listed at $239,900 pairs $1,579/mo rent with a $1,174/mo payment to leave $117/mo cash flow. Total monthly income runs $1,579/mo, and annual cash flow reaches $1,405/yr on $79,527 cash to close. Return on cash invested measures 21.68% in year one, and rental yield registers 7.9% at a $239,900 basis. Equity gained on principal adds $1,548/yr, and annual property appreciation at 5% supports $66,280 by year five. Five-year ROI tracks 112.24% and total cumulative return in cash totals $89,263. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,579/mo property income relative to a $1,174/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1964
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
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Listed by: Lindsay Philyaw • RE/MAX Legendary
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4330879