15 Spring StreetNewmarketNH03857
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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 Newmarket at 15 Spring Street, Newmarket, NH, 03857 generates $3,781/mo in rent, after a $3,088/mo payment. Total monthly income is $3,781/mo. Return on cash invested sits at 17.47% in year one, and rental yield is 7.19% on a $631,000 entry. Equity gained on principal adds $4,072/yr, while 5% annual appreciation builds toward $174,334 over five years. Five-year ROI reaches 90.4% and total cumulative return in cash sums $187,668. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,781/mo property income rather than buyer’s personal income.
Multi Family
Built in 1890
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03857, Newmarket, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,437 (100%) |
| Owner Occupied HU | 2,367 (53.3%) |
| Renter Occupied HU | 1,953 (44.0%) |
| Vacant Housing Units | 117 ( 2.6%) |
| Median Home Value | $487,062 |
| Average Home Value | $516,851 |
Housing Distribution
Address Breakdown
Residential
4,519
Single Family
3,338
Multi-Family
1,181
Businesses
236
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Listed by: Andrew Samonas • Samonas Realty, LLC
Mls Name: PrimeMLS
Mls ID: #5050236