Hickory, NC — Rental Investment Analysis

🔴WEAKappreciation play only

Cap Rate

3.5%

Below average

Monthly Cash Flow

-$584

After all expenses

Price-to-Rent

15.7

Overpriced for rent

DSCR

0.55

Fails

📊 Key Metrics

Median Home Price
$244,869
Average Rent (3BR)
$1,300/mo
Price-to-Rent Ratio
15.7(high)
1% Rule
0.53%(fails — need 1%+)
Cash-on-Cash Return
-12.5%
Vacancy Rate
8.0%

📈 Market Strength

Assumptions Used

20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance

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🏘️ Best Zip Codes in Hickory for Investors

28090
Cap Rate: 4.8%Cash Flow: -$230/mo$178,885
28602
Cap Rate: 3.6%Cash Flow: -$588/mo$253,922
28612
Cap Rate: 3.4%Cash Flow: -$581/mo$235,817

All Zip Codes in Hickory

ZipCap RateCash FlowHome PriceRent (3BR)DSCR
280904.8%-$230$178,885$1,190/mo0.76
286023.6%-$588$253,922$1,370/mo0.57
286123.4%-$581$235,817$1,230/mo0.54
286012.8%-$914$305,914$1,400/mo0.44