228 14th Ave SE APT BHickoryNC28602
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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 228 14th Ave SE APT B, Hickory, NC, 28602 uses $72,764 cash to close to unlock $5,047/yr annual cash flow and $421/mo monthly cash flow. Total monthly income runs $1,758/mo, and a $1,074/mo payment keeps the spread at $421/mo. Purchase price stands at $219,500, and rental yield measures 9.61% with $1,758/mo rent. Return on cash invested shows 26.85% in year one, and 5% annual appreciation builds toward $60,644 over five years. Five-year ROI reaches 139.93% and total cumulative return in cash records $101,818. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,758/mo property income covering a $1,074/mo payment rather than investor’s personal income.
Condo
Built in 1979
N/A 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
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Listed by: Jessica Barlow • Fonta Flora Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4288044