345 41st Avenue Pl NWHickoryNC28601
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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 345 41st Avenue Pl NW, Hickory, NC, 28601 listed at $749,900 pairs $5,086/mo rent with a $3,670/mo payment to leave $516/mo cash flow. Total monthly income runs $5,086/mo, and annual cash flow reaches $6,193/yr on $246,717 cash to close. Return on cash invested measures 22.57% in year one, and rental yield registers 8.14% at a $749,900 basis. Equity gained on principal adds $4,839/yr, and annual property appreciation at 5% supports $207,184 by year five. Five-year ROI tracks 116.97% and total cumulative return in cash totals $288,574. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,086/mo property income relative to a $3,670/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1991
0.42 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: Kathryn Herman • Coldwell Banker Boyd & Hassell
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4310342