404 Hickory Chapel RdHigh PointNC27260
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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 High Point at 404 Hickory Chapel Rd, High Point, NC, 27260 uses $38,421 cash to close to unlock $2,531/yr annual cash flow and $211/mo monthly cash flow. Total monthly income runs $917/mo, and a $567/mo payment keeps the spread at $211/mo. Purchase price stands at $115,900, and rental yield measures 9.49% with $917/mo rent. Return on cash invested shows 26.5% in year one, and 5% annual appreciation builds toward $32,021 over five years. Five-year ROI reaches 138.03% and total cumulative return in cash records $53,032. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $917/mo property income covering a $567/mo payment rather than investor’s personal income.
Single Family
Built in 1937
0.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27260, High Point, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,115 (100%) |
| Owner Occupied HU | 3,930 (35.4%) |
| Renter Occupied HU | 6,075 (54.7%) |
| Vacant Housing Units | 1,110 ( 10.0%) |
| Median Home Value | $128,102 |
| Average Home Value | $189,263 |
Housing Distribution
Address Breakdown
Residential
10,063
Single Family
8,498
Multi-Family
1,565
Businesses
1,082
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Listed by: Carol Lowe • HGC Property Management
Mls Name: Triad MLS
Mls ID: #1189893