114 South RoadCanaanNH03741
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 Canaan at 114 South Road, Canaan, NH, 03741 priced at $317,000 converts $2,290/mo rent into $165/mo cash flow after a $1,552/mo obligation. Total monthly income equals $2,290/mo, and annual cash flow totals $1,977/yr on $105,086 invested. Return on cash invested prints 21.79% in year one, and rental yield reads 8.67% against a $317,000 entry. Equity gained on principal adds $2,046/yr, while 5% annual appreciation compiles into $87,581 by year five. Five-year ROI reaches 113.61% and total cumulative return in cash sums $119,385. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,290/mo property income covering a $1,552/mo payment, not borrower’s personal income.
Single Family
Built in 1840
1.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03741, Canaan, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,146 (100%) |
| Owner Occupied HU | 1,431 (66.7%) |
| Renter Occupied HU | 363 (16.9%) |
| Vacant Housing Units | 352 (16.4%) |
| Median Home Value | $369,366 |
| Average Home Value | $402,998 |
Housing Distribution
Address Breakdown
Residential
1,693
Single Family
1,693
Multi-Family
0
Businesses
68
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Listed by: Doreen Wyman • Granite Northland Associates
Mls Name: PrimeMLS
Mls ID: #5052942