16 Hominy Pot RoadNew LondonNH03257
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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 New London at 16 Hominy Pot Road, New London, NH, 03257 priced at $498,900 converts $1,440/mo rent into after a $2,442/mo obligation. Total monthly income equals $1,440/mo. Return on cash invested prints 6.09% in year one, and rental yield reads 3.46% against a $498,900 entry. Equity gained on principal adds $3,219/yr, while 5% annual appreciation compiles into $137,837 by year five. Five-year ROI reaches 29.42% and total cumulative return in cash sums $48,658. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,440/mo property income covering a $2,442/mo payment, not borrower’s personal income.
Single Family
Built in 1940
3.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03257, New London, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,498 (100%) |
| Owner Occupied HU | 1,648 (66.0%) |
| Renter Occupied HU | 305 (12.2%) |
| Vacant Housing Units | 545 (21.8%) |
| Median Home Value | $612,969 |
| Average Home Value | $701,499 |
Housing Distribution
Address Breakdown
Residential
1,311
Single Family
1,078
Multi-Family
233
Businesses
288
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Listed by: Karen Haskell • Coldwell Banker LIFESTYLES
Mls Name: PrimeMLS
Mls ID: #5049644