129 Laurel StreetManchesterNH03103
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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 129 Laurel Street, Manchester, NH, 03103 priced at $309,900 converts $2,999/mo rent into $922/mo cash flow after a $1,517/mo obligation. Total monthly income equals $2,999/mo, and annual cash flow totals $11,059/yr on $102,732 invested. Return on cash invested prints 30.67% in year one, and rental yield reads 11.61% against a $309,900 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,620 by year five. Five-year ROI reaches 161.25% and total cumulative return in cash sums $165,660. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,999/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Townhouse
Built in 1970
2,614 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03103, Manchester, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,484 (100%) |
| Owner Occupied HU | 7,310 (44.3%) |
| Renter Occupied HU | 8,584 (52.1%) |
| Vacant Housing Units | 590 ( 3.6%) |
| Median Home Value | $386,553 |
| Average Home Value | $413,156 |
Housing Distribution
Address Breakdown
Residential
15,186
Single Family
13,315
Multi-Family
1,871
Businesses
1,320
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Listed by: Nermina Kevric • HomeSmart Success Realty LLC
Mls Name: PrimeMLS
Mls ID: #5060726