204 Mechanic Street #12LebanonNH03766
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 Lebanon at 204 Mechanic Street #12, Lebanon, NH, 03766 generates $2,190/mo in rent and, after a $1,223/mo payment, leaves $515/mo in cash flow. Total monthly income is $2,190/mo, and annual cash flow is $6,181/yr on $82,842 invested. Return on cash invested sits at 27.37% in year one, and rental yield is 10.52% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 143.58% and total cumulative return in cash sums $118,946. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,190/mo property income rather than buyer’s personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03766, Lebanon, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,356 (100%) |
| Owner Occupied HU | 2,293 (42.8%) |
| Renter Occupied HU | 2,748 (51.3%) |
| Vacant Housing Units | 315 ( 5.9%) |
| Median Home Value | $457,636 |
| Average Home Value | $565,107 |
Housing Distribution
Address Breakdown
Residential
5,358
Single Family
3,804
Multi-Family
1,554
Businesses
639
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kerrie E Roy • C.G. Shepherd Realty, LLC
Mls Name: PrimeMLS
Mls ID: #5065995