5042 Ridgeland DrHickoryNC28602
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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 $3,883/mo, and a $3,670/mo payment. Purchase price stands at $749,900, and rental yield measures 6.21% with $3,883/mo rent. Return on cash invested shows 16.72% in year one, and 5% annual appreciation builds toward $207,184 over five years. Five-year ROI reaches 85.59% and total cumulative return in cash records $211,174. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,883/mo property income covering a $3,670/mo payment rather than investor’s personal income.
Single Family
Built in 1988
1.20 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: Sandy King-Eller • RE/MAX A-Team
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4290958