2874 15th Avenue Pl 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
Total monthly income runs $1,802/mo, and a $1,493/mo payment. Purchase price stands at $305,000, and rental yield measures 7.09% with $1,802/mo rent. Return on cash invested shows 17.45% in year one, and 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 90.17% and total cumulative return in cash records $91,174. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,802/mo property income covering a $1,493/mo payment rather than investor’s personal income.
Townhouse
Built in 2022
2,178 sqft lot
$N/A/sqft
$150 monthly 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: N/A • Dayspring of Catawba County LLC
Mls Name: Dayspring of Catawba County LLC
Mls ID: #N/A