16 Sherwood Forest DriveCanterburyNH03224
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Canterbury at 16 Sherwood Forest Drive, Canterbury, NH, 03224 priced at $225,000 converts $1,599/mo rent into $91/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,599/mo, and annual cash flow totals $1,093/yr on $74,588 invested. Return on cash invested prints 21.37% in year one, and rental yield reads 8.53% against a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 111.44% and total cumulative return in cash sums $83,121. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,599/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1960
10,019 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03224, Canterbury, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,079 (100%) |
| Owner Occupied HU | 896 (83.0%) |
| Renter Occupied HU | 88 ( 8.2%) |
| Vacant Housing Units | 95 ( 8.8%) |
| Median Home Value | $480,428 |
| Average Home Value | $539,289 |
Housing Distribution
Address Breakdown
Residential
943
Single Family
943
Multi-Family
0
Businesses
50
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Listed by: Erik Holey • RE/MAX 360/Lynn
Mls Name: PrimeMLS
Mls ID: #5066766