252 7th St SEHickoryNC28602
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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 252 7th St SE, Hickory, NC, 28602 uses $74,588 cash to close to unlock $1,824/yr annual cash flow and $152/mo monthly cash flow. Total monthly income runs $1,523/mo, and a $1,101/mo payment keeps the spread at $152/mo. Purchase price stands at $225,000, and rental yield measures 8.12% with $1,523/mo rent. Return on cash invested shows 22.35% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 115.82% and total cumulative return in cash records $86,385. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,523/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1925
0.22 Acres 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: Eric Trejo • Nestlewood Realty, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4290549