23 Vernon Street #3ManchesterNH03101
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Manchester rentals match the income profile of 23 Vernon Street #3, Manchester, NH, 03101. Listed at $425,000, gross rent is $3,558/mo and net cash flow is $709/mo, a 10.05% yield well above national averages. DSCR 1.86 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $117,420 by year five with $3,914/yr in annual principal reduction, projecting $207,779 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 8.0% |
| Monthly Cash Flow | $709 | $600 |
City averages based on Manchester market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,558 |
| Total Monthly Debt Service | $2,680 |
| DSCR Ratio | 1.33x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lana Novak • Realty One Group Next Level
Mls Name: PrimeMLS
Mls ID: #5061328