2414 22nd St 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
Investment property for sale in Hickory at 2414 22nd St NE, Hickory, NC, 28601 offers a 8.66% rental yield on a $297,000 purchase with $2,144/mo rent. Total monthly income registers $2,144/mo, and a $1,454/mo payment leaves $334/mo available for distribution. Annual cash flow reaches $4,003/yr on $98,456 to close, and return on cash invested stands at 23.97% in year one. Equity gained on principal adds $1,916/yr while 5% annual appreciation supports $82,056 over five years. Portfolio math shows five-year ROI at 124.53% and total cumulative return in cash at $122,610. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,144/mo property income against a $1,454/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
0.37 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: Dawn Reynolds • RE/MAX Lifestyle
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4283243