Penwell Plan, The Hamptons at HickoryHickoryNC28601
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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 Penwell Plan, The Hamptons at Hickory, Hickory, NC, 28601 priced at $386,990 converts $2,682/mo rent into $324/mo cash flow after a $1,894/mo obligation. Total monthly income equals $2,682/mo, and annual cash flow totals $3,883/yr on $128,287 invested. Return on cash invested prints 22.94% in year one, and rental yield reads 8.32% against a $386,990 entry. Equity gained on principal adds $2,497/yr, while 5% annual appreciation compiles into $106,918 by year five. Five-year ROI reaches 118.96% and total cumulative return in cash sums $152,615. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,682/mo property income covering a $1,894/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: 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: N/A • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A