1990 Talbot LnHickoryNC28602
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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 1990 Talbot Ln, Hickory, NC, 28602 offers $2,366/mo rent that, after a $1,850/mo payment, leaves $63/mo cash flow. Total monthly income is $2,366/mo, and annual cash flow is $750/yr on $125,274 cash. Return on cash invested measures 20.51% in year one, and rental yield stands at 7.51% at a $377,900 entry. Equity gained on principal adds $2,439/yr while 5% annual appreciation compounds into $104,407 by year five. Five-year ROI records 105.94% and total cumulative return in cash reaches $132,721. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,366/mo property income versus a $1,850/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2023
0.09 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: Helen Popan • Popan Properties
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4315961