18 Mitchell Place,Laconia,NH,03246

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.