824 17th Avenue Dr SEHickoryNC28602
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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 824 17th Avenue Dr SE, Hickory, NC, 28602 earns $611/mo cash flow from $2,744/mo rent with a $1,713/mo payment. Total monthly income totals $2,744/mo, and annual cash flow totals $7,333/yr on $115,992 capital. ROI tracks 26.23% on current figures, and rental yield reads 9.41% at a $349,900 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,671 over five years. Five-year ROI reaches 136.65% and total cumulative return in cash sums $158,502. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,744/mo property income instead of your personal income.
Single Family
Built in 1995
0.35 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: Drew Hayes • EXP Realty LLC Mooresville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4279103