2 Herbert Street, Concord, NH, 03301 | $350/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2 Herbert Street, Concord, NH, 03301 | $350/mo Cash Flow | Ziffy

For Sale

Currently Rented

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 Concord at 2 Herbert Street, Concord, NH, 03301 priced at $389,700 converts $2,962/mo rent into $350/mo cash flow after a $1,907/mo obligation. Total monthly income equals $2,962/mo, and annual cash flow totals $4,203/yr on $129,186 invested. Return on cash invested prints 23.16% in year one, and rental yield reads 9.12% against a $389,700 entry. Equity gained on principal adds $2,515/yr, while 5% annual appreciation compiles into $107,667 by year five. Five-year ROI reaches 120.99% and total cumulative return in cash sums $156,298. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,962/mo property income covering a $1,907/mo payment, not borrower’s personal income.

Multi Family

Built in 1900

3,920 sqft lot

$N/A/sqft

No HOA

More details about the property

Turnkey Investment Opportunity in Prime Concord Location! Discover this well-maintained two-family home perfectly situated near shopping, dining, entertainment, bus station, grocery stores, and vibrant Downtown Concord. 1 minute to I93. Recent major updates including the roof, heating systems, and hot water heater provide peace of mind and long-term value. Utilities are separately metered. Solar panels are leased through SunRun. The front two-bedroom two-story unit is vacant and ready for immediate occupancy while the rear first-floor one-bedroom unit is currently leased month to month to a reliable, well-qualified tenant. Enjoy the flexibility to owner-occupy and offset your mortgage or rent both units for steady income. Back yard is level and semi-private. Whether youre an experienced investor looking to expand your portfolio or a first-time buyer seeking an affordable entry into real estate investing, this property checks all the boxes. Dont miss this versatile and move-in-ready opportunity. Due to tenant occupancy, delayed showings begin at open houses Saturday 10/11 and Sunday 10/12 11-12:30.

Neighborhood Data

Neighborhood data shown for ZIP Code: 03301, Concord, NH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,779 (100%)
Owner Occupied HU	7,126 (48.2%)
Renter Occupied HU	6,953 (47.0%)
Vacant Housing Units	700 ( 4.7%)
Median Home Value	$392,897
Average Home Value	$415,559