2116 8th Street Dr 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 2116 8th Street Dr NW, Hickory, NC, 28601 uses $180,950 cash to close to unlock $9,024/yr annual cash flow and $752/mo monthly cash flow. Total monthly income runs $4,104/mo, and a $2,692/mo payment keeps the spread at $752/mo. Purchase price stands at $550,000, and rental yield measures 8.95% with $4,104/mo rent. Return on cash invested shows 25.05% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 130.22% and total cumulative return in cash records $235,642. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,104/mo property income covering a $2,692/mo payment rather than investor’s personal income.
Single Family
Built in 1983
0.72 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: Lago Weaver • Mark Spain Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4311833