Darwin Plan, Zion SpringsHickoryNC28602
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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 Darwin Plan, Zion Springs, Hickory, NC, 28602 priced at $312,990 converts $2,638/mo rent into $730/mo cash flow after a $1,532/mo obligation. Total monthly income equals $2,638/mo, and annual cash flow totals $8,765/yr on $103,756 invested. Return on cash invested prints 28.36% in year one, and rental yield reads 10.11% against a $312,990 entry. Equity gained on principal adds $2,020/yr, while 5% annual appreciation compiles into $86,473 by year five. Five-year ROI reaches 148.04% and total cumulative return in cash sums $153,598. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,638/mo property income covering a $1,532/mo payment, not borrower’s personal income.
Single Family
Built in 2026
N/A 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: N/A • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A