1 Kimball AvenueSalemNH03079
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Salem at 1 Kimball Avenue, Salem, NH, 03079 priced at $599,900 converts $4,660/mo rent into $639/mo cash flow after a $2,936/mo obligation. Total monthly income equals $4,660/mo, and annual cash flow totals $7,670/yr on $197,367 invested. Return on cash invested prints 23.95% in year one, and rental yield reads 9.32% against a $599,900 entry. Equity gained on principal adds $3,871/yr, while 5% annual appreciation compiles into $165,741 by year five. Five-year ROI reaches 125.15% and total cumulative return in cash sums $247,012. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,660/mo property income covering a $2,936/mo payment, not borrower’s personal income.
Single Family
Built in 1935
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03079, Salem, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,720 (100%) |
| Owner Occupied HU | 9,543 (69.6%) |
| Renter Occupied HU | 3,512 (25.6%) |
| Vacant Housing Units | 665 ( 4.8%) |
| Median Home Value | $555,186 |
| Average Home Value | $577,277 |
Housing Distribution
Address Breakdown
Residential
13,257
Single Family
10,248
Multi-Family
3,009
Businesses
1,816
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chuck Anderson • Jill & Co. Realty Group - Real Broker NH, LLC
Mls Name: PrimeMLS
Mls ID: #5071218