204 Shelby StHickoryNC28601
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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 204 Shelby St, Hickory, NC, 28601 priced at $190,000 pairs $1,772/mo rent with $614/mo cash flow after a $930/mo payment. Total monthly income equals $1,772/mo, and annual cash flow comes to $7,368/yr on $62,985 invested. Return on cash invested is 31.61% in year one, and rental yield stands at 11.19% on a $190,000 basis. Equity gained on principal adds $1,226/yr, and 5% annual appreciation accumulates to $52,494 by year five. Five-year ROI measures 165.43% and total cumulative return in cash reaches $104,196. For financing, Ziffy Mortgage’s DSCR program evaluates $1,772/mo property income against a $930/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1918
0.61 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: Amber Eaton • Call It Closed International Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4318419