16 Hammond Road UNIT 1MilfordNH03055
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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
Investment property for sale in Milford at 16 Hammond Road UNIT 1, Milford, NH, 03055 uses $99,450 cash to close to unlock $2,214/yr annual cash flow and $185/mo monthly cash flow. Total monthly income runs $2,370/mo, and a $1,468/mo payment keeps the spread at $185/mo. Purchase price stands at $300,000, and rental yield measures 9.48% with $2,370/mo rent. Return on cash invested shows 22.14% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 116.25% and total cumulative return in cash records $115,608. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,370/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Condo
Built in 1965
1.40 Acres lot
$N/A/sqft
$175 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03055, Milford, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,847 (100%) |
| Owner Occupied HU | 4,210 (61.5%) |
| Renter Occupied HU | 2,486 (36.3%) |
| Vacant Housing Units | 151 ( 2.2%) |
| Median Home Value | $446,232 |
| Average Home Value | $473,977 |
Housing Distribution
Address Breakdown
Residential
6,787
Single Family
5,178
Multi-Family
1,609
Businesses
625
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Listed by: Martha Sotiropoulos • Lamacchia Realty, Inc.
Mls Name: PrimeMLS
Mls Provider:
Mls ID: #5037535
Disclaimer: Copyright 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2025-05-04 13:43:32 PDT. This display of listings may or may not be the entire Compilation from the PrimeMLS database, and PrimeMLS does not guarantee the accuracy of such information.