2 Galloway Road #38MerrimackNH03054
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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
Investment property for sale in Merrimack at 2 Galloway Road #38, Merrimack, NH, 03054 offers a 11.36% rental yield on a $319,900 purchase with $3,029/mo rent. Total monthly income registers $3,029/mo, and a $1,566/mo payment leaves $885/mo available for distribution. Annual cash flow reaches $10,614/yr on $106,047 to close, and return on cash invested stands at 29.92% in year one. Equity gained on principal adds $2,064/yr while 5% annual appreciation supports $88,382 over five years. Portfolio math shows five-year ROI at 157.21% and total cumulative return in cash at $166,712. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,029/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03054, Merrimack, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,677 (100%) |
| Owner Occupied HU | 8,935 (76.5%) |
| Renter Occupied HU | 2,428 (20.8%) |
| Vacant Housing Units | 314 ( 2.7%) |
| Median Home Value | $492,407 |
| Average Home Value | $542,626 |
Housing Distribution
Address Breakdown
Residential
11,232
Single Family
10,546
Multi-Family
686
Businesses
942
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Listed by: Jody Landry • Keller Williams Gateway Realty
Mls Name: PrimeMLS
Mls ID: #5051901