23 Pine StreetGorhamNH03581
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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 Gorham at 23 Pine Street, Gorham, NH, 03581 offers a 8.44% rental yield on a $239,000 purchase with $1,680/mo rent. Total monthly income registers $1,680/mo, and a $1,170/mo payment leaves $78/mo available for distribution. Annual cash flow reaches $934/yr on $79,229 to close, and return on cash invested stands at 21.09% in year one. Equity gained on principal adds $1,542/yr while 5% annual appreciation supports $66,031 over five years. Portfolio math shows five-year ROI at 109.85% and total cumulative return in cash at $87,036. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,680/mo property income against a $1,170/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03581, Gorham, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,723 (100%) |
| Owner Occupied HU | 1,084 (62.9%) |
| Renter Occupied HU | 396 (23.0%) |
| Vacant Housing Units | 243 (14.1%) |
| Median Home Value | $215,217 |
| Average Home Value | $235,574 |
Housing Distribution
Address Breakdown
Residential
1,468
Single Family
1,406
Multi-Family
62
Businesses
201
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Listed by: Linda Larrivee • RE/MAX Northern Edge
Mls Name: PrimeMLS
Mls ID: #5062354