2 Maple Ridge Drive #24MerrimackNH03054
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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 Maple Ridge Drive #24, Merrimack, NH, 03054 uses $87,814 cash to close to unlock $1,200/yr annual cash flow and $100/mo monthly cash flow. Total monthly income runs $1,876/mo, and a $1,297/mo payment keeps the spread at $100/mo. Purchase price stands at $264,900, and rental yield measures 8.5% with $1,876/mo rent. Return on cash invested shows 21.28% in year one, and 5% annual appreciation builds toward $73,187 over five years. Five-year ROI reaches 110.85% and total cumulative return in cash records $97,340. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,876/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Condo
Built in 1989
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: Melanie Norcross • Keller Williams Gateway Realty/Salem
Mls Name: PrimeMLS
Mls ID: #5059334