2036 1st Ave SWHickoryNC28602
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2036 1st Ave SW, Hickory, NC, 28602 offers a 10.56% rental yield on a $285,000 purchase with $2,507/mo rent. Total monthly income registers $2,507/mo, and a $1,395/mo payment leaves $770/mo available for distribution. Annual cash flow reaches $9,240/yr on $94,478 to close, and return on cash invested stands at 29.69% in year one. Equity gained on principal adds $1,839/yr while 5% annual appreciation supports $78,740 over five years. Portfolio math shows five-year ROI at 155.17% and total cumulative return in cash at $146,598. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,507/mo property income against a $1,395/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
0.42 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Twila Roten • Realty One Group Results
Mls Name: Triad MLS
Mls ID: #1200273