835A Wynnshire DrHickoryNC28601
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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
Rental property for sale in Hickory at 835A Wynnshire Dr, Hickory, NC, 28601 priced at $481,900 converts $1,500/mo rent into after a $2,359/mo obligation. Total monthly income equals $1,500/mo. Return on cash invested prints 9.11% in year one, and rental yield reads 3.74% against a $481,900 entry. Equity gained on principal adds $3,110/yr, while 5% annual appreciation compiles into $133,140 by year five. Five-year ROI reaches 44.82% and total cumulative return in cash sums $71,593. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,500/mo property income covering a $2,359/mo payment, not borrower’s personal income.
Townhouse
Built in 2023
0.07 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
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Listed by: Garrett Osborne • Osborne Real Estate Group LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4328699