2124 27th Avenue Dr NEHickoryNC28601
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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 2124 27th Avenue Dr NE, Hickory, NC, 28601 generates $1,604/mo in rent and, after a $979/mo payment, leaves $385/mo in cash flow. Total monthly income is $1,604/mo, and annual cash flow is $4,620/yr on $66,300 invested. Return on cash invested sits at 26.88% in year one, and rental yield is 9.62% on a $199,999 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 140.07% and total cumulative return in cash sums $92,864. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,604/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
0.36 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: Steven Mora • Realty Executives of Hickory
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4286370