2219 6th Ave NWHickoryNC28601
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 2219 6th Ave NW, Hickory, NC, 28601 listed at $147,900 pairs $1,403/mo rent with a $724/mo payment to leave $502/mo cash flow. Total monthly income runs $1,403/mo, and annual cash flow reaches $6,018/yr on $49,029 cash to close. Return on cash invested measures 32.18% in year one, and rental yield registers 11.38% at a $147,900 basis. Equity gained on principal adds $954/yr, and annual property appreciation at 5% supports $40,862 by year five. Five-year ROI tracks 168.6% and total cumulative return in cash totals $82,663. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,403/mo property income relative to a $724/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
0.26 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Karla Williams • Coldwell Banker Newton RE
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4322590