303 37th St SWHickoryNC28602
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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 303 37th St SW, Hickory, NC, 28602 earns from $1,452/mo rent with a $3,671/mo payment. Total monthly income totals $1,452/mo. ROI tracks 4.89% on current figures, and rental yield reads 2.32% at a $750,000 purchase. Equity gained on principal adds $4,840/yr, and 5% annual appreciation supports $207,211 over five years. Five-year ROI reaches 22.14% and total cumulative return in cash sums $54,642. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,452/mo property income instead of your personal income.
Multi Family
Built in 1998
2.48 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: Michelle Edwards Mitchell • Keller Williams Elite Realty
Mls Name: Doorify MLS
Mls ID: #10120943