5136 Olde School 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
Investment property for sale in Hickory at 5136 Olde School Dr, Hickory, NC, 28602 listed at $352,900 pairs $2,364/mo rent with a $1,727/mo payment to leave $214/mo cash flow. Total monthly income runs $2,364/mo, and annual cash flow reaches $2,562/yr on $116,986 cash to close. Return on cash invested measures 22.1% in year one, and rental yield registers 8.04% at a $352,900 basis. Equity gained on principal adds $2,277/yr, and annual property appreciation at 5% supports $97,500 by year five. Five-year ROI tracks 114.48% and total cumulative return in cash totals $133,920. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,364/mo property income relative to a $1,727/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1991
0.60 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: Debby Bullock-Benfield • Weichert, Realtors - Team Metro
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4305045