255 Melbourne StreetPortsmouthNH03801
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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 Portsmouth at 255 Melbourne Street, Portsmouth, NH, 03801 offers a 9.15% rental yield on a $589,900 purchase with $4,500/mo rent. Total monthly income registers $4,500/mo, and a $2,887/mo payment leaves $546/mo available for distribution. Annual cash flow reaches $6,555/yr on $194,077 to close, and return on cash invested stands at 23.44% in year one. Equity gained on principal adds $3,807/yr while 5% annual appreciation supports $162,978 over five years. Portfolio math shows five-year ROI at 122.43% and total cumulative return in cash at $237,609. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,500/mo property income against a $2,887/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1942
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03801, Portsmouth, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,280 (100%) |
| Owner Occupied HU | 5,954 (48.5%) |
| Renter Occupied HU | 5,632 (45.9%) |
| Vacant Housing Units | 694 ( 5.7%) |
| Median Home Value | $709,364 |
| Average Home Value | $778,695 |
Housing Distribution
Address Breakdown
Residential
11,798
Single Family
8,732
Multi-Family
3,066
Businesses
2,488
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Listed by: Buddy Dowd • KW Coastal and Lakes & Mountains Realty
Mls Name: PrimeMLS
Mls ID: #5069509