23 Fletcher RoadNewportNH03773
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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 Newport at 23 Fletcher Road, Newport, NH, 03773 offers a 8.63% rental yield on a $495,000 purchase with $3,559/mo rent. Total monthly income registers $3,559/mo, and a $2,423/mo payment leaves $241/mo available for distribution. Annual cash flow reaches $2,890/yr on $164,093 to close, and return on cash invested stands at 21.67% in year one. Equity gained on principal adds $3,194/yr while 5% annual appreciation supports $136,759 over five years. Portfolio math shows five-year ROI at 112.95% and total cumulative return in cash at $185,350. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,559/mo property income against a $2,423/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
2.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03773, Newport, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,933 (100%) |
| Owner Occupied HU | 2,387 (60.7%) |
| Renter Occupied HU | 1,084 (27.6%) |
| Vacant Housing Units | 462 (11.7%) |
| Median Home Value | $290,749 |
| Average Home Value | $338,144 |
Housing Distribution
Address Breakdown
Residential
3,311
Single Family
3,116
Multi-Family
195
Businesses
295
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Listed by: Leigh Stocker • Dolan Real Estate
Mls Name: PrimeMLS
Mls ID: #5056195