23 Vernon Street #3ManchesterNH03101
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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 Manchester at 23 Vernon Street #3, Manchester, NH, 03101 uses $140,888 cash to close to unlock $8,513/yr annual cash flow and $709/mo monthly cash flow. Total monthly income runs $3,558/mo, and a $2,080/mo payment keeps the spread at $709/mo. Purchase price stands at $425,000, and rental yield measures 10.05% with $3,558/mo rent. Return on cash invested shows 25.95% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 135.93% and total cumulative return in cash records $191,513. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,558/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Townhouse
Built in 2009
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03101, Manchester, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,915 (100%) |
| Owner Occupied HU | 200 ( 6.9%) |
| Renter Occupied HU | 2,418 (83.0%) |
| Vacant Housing Units | 297 (10.2%) |
| Median Home Value | $375,000 |
| Average Home Value | $405,525 |
Housing Distribution
Address Breakdown
Residential
2,559
Single Family
879
Multi-Family
1,680
Businesses
1,045
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Listed by: Lana Novak • Realty One Group Next Level
Mls Name: PrimeMLS
Mls ID: #5061328