2 Memory LaneHooksettNH03106
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Hooksett at 2 Memory Lane, Hooksett, NH, 03106 generates $3,338/mo in rent and, after a $2,102/mo payment, leaves $459/mo in cash flow. Total monthly income is $3,338/mo, and annual cash flow is $5,512/yr on $142,379 invested. Return on cash invested sits at 23.78% in year one, and rental yield is 9.33% on a $429,500 entry. Equity gained on principal adds $2,772/yr, while 5% annual appreciation builds toward $118,663 over five years. Five-year ROI reaches 124.29% and total cumulative return in cash sums $176,966. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,338/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03106, Hooksett, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,049 (100%) |
| Owner Occupied HU | 4,733 (78.2%) |
| Renter Occupied HU | 1,211 (20.0%) |
| Vacant Housing Units | 105 ( 1.7%) |
| Median Home Value | $452,504 |
| Average Home Value | $498,299 |
Housing Distribution
Address Breakdown
Residential
5,918
Single Family
4,682
Multi-Family
1,236
Businesses
692
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gregory McCarthy • Keller Williams Realty-Metropolitan
Mls Name: PrimeMLS
Mls ID: #5070995