187 Main StreetSalemNH03079
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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 Salem at 187 Main Street, Salem, NH, 03079 priced at $549,900 converts $2,760/mo rent into after a $2,691/mo obligation. Total monthly income equals $2,760/mo. Return on cash invested prints 13.92% in year one, and rental yield reads 6.02% against a $549,900 entry. Equity gained on principal adds $3,548/yr, while 5% annual appreciation compiles into $151,927 by year five. Five-year ROI reaches 71.39% and total cumulative return in cash sums $129,158. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,760/mo property income covering a $2,691/mo payment, not borrower’s personal income.
Multi Family
Built in 1911
9,148 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03079, Salem, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,720 (100%) |
| Owner Occupied HU | 9,543 (69.6%) |
| Renter Occupied HU | 3,512 (25.6%) |
| Vacant Housing Units | 665 ( 4.8%) |
| Median Home Value | $555,186 |
| Average Home Value | $577,277 |
Housing Distribution
Address Breakdown
Residential
13,257
Single Family
10,248
Multi-Family
3,009
Businesses
1,816
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Listed by: Elizabeth Smith • Keller Williams Realty Evolution
Mls Name: PrimeMLS
Mls ID: #5073700