1975 8th Street Ln 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 1975 8th Street Ln SE, Hickory, NC, 28602 listed at $290,000 pairs $2,020/mo rent with a $1,419/mo payment to leave $253/mo cash flow. Total monthly income runs $2,020/mo, and annual cash flow reaches $3,036/yr on $96,135 cash to close. Return on cash invested measures 23.07% in year one, and rental yield registers 8.36% at a $290,000 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,122 by year five. Five-year ROI tracks 119.65% and total cumulative return in cash totals $115,024. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,020/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2001
0.17 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: Katherine Lawing • Lantern Realty & Development
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4277844