18 Mitchell Place, Laconia, NH, 03246 | 4.55% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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18 Mitchell Place, Laconia, NH, 03246 | 4.55% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Laconia at 18 Mitchell Place, Laconia, NH, 03246 priced at $479,900 converts $1,820/mo rent into after a $2,349/mo obligation. Total monthly income equals $1,820/mo. Return on cash invested prints 9.37% in year one, and rental yield reads 4.55% against a $479,900 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation compiles into $132,588 by year five. Five-year ROI reaches 47.04% and total cumulative return in cash sums $74,829. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,820/mo property income covering a $2,349/mo payment, not borrower’s personal income.

Multi Family

Built in 1910

4,356 sqft lot

$N/A/sqft

No HOA

More details about the property

This recently renovated duplex is located on a quiet dead-end street just a short walk from downtown. Built in 1910, the property retains much of its original character, including period doors, casings, and moldings. Each unit offers 3 bedrooms, 1 full bathroom, hardwood floors, an open concept main level, a covered three-season porch, a small deck, and off-street parking with its own driveway. Each unit also has a dedicated basement with a gas furnace, hot water heater, laundry, and ample storage. One side is currently tenant-occupied and requires advance notice to view; the other is owner-occupied and available to show with flexibility.