530 5th St NWHickoryNC28601
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 $4,699/mo, and a $3,911/mo payment. Purchase price stands at $799,000, and rental yield measures 7.06% with $4,699/mo rent. Return on cash invested shows 19.28% in year one, and 5% annual appreciation builds toward $220,749 over five years. Five-year ROI reaches 99.32% and total cumulative return in cash records $261,090. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,699/mo property income covering a $3,911/mo payment rather than investor’s personal income.
Single Family
Built in 1989
0.62 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christie Oakley • Prime Properties Group, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4289321