121 Peabody AvenueManchesterNH03109
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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 Manchester at 121 Peabody Avenue, Manchester, NH, 03109 priced at $479,900 converts $3,598/mo rent into $381/mo cash flow after a $2,349/mo obligation. Total monthly income equals $3,598/mo, and annual cash flow totals $4,574/yr on $159,087 invested. Return on cash invested prints 22.78% in year one, and rental yield reads 9% against a $479,900 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation compiles into $132,588 by year five. Five-year ROI reaches 118.95% and total cumulative return in cash sums $189,237. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,598/mo property income covering a $2,349/mo payment, not borrower’s personal income.
Single Family
Built in 2008
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03109, Manchester, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,397 (100%) |
| Owner Occupied HU | 3,255 (74.0%) |
| Renter Occupied HU | 1,093 (24.9%) |
| Vacant Housing Units | 49 ( 1.1%) |
| Median Home Value | $412,408 |
| Average Home Value | $417,365 |
Housing Distribution
Address Breakdown
Residential
4,623
Single Family
3,798
Multi-Family
825
Businesses
352
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Listed by: Kyle Waszeciak • Realty One Group Next Level
Mls Name: PrimeMLS
Mls ID: #5068534