289 Salisbury HighwayAndoverNH03216
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
Investment Highlights
Rental property for sale in Andover at 289 Salisbury Highway, Andover, NH, 03216 offers $2,353/mo rent that, after a $1,659/mo payment, leaves $81/mo cash flow. Total monthly income is $2,353/mo, and annual cash flow is $972/yr on $112,379 cash. Return on cash invested measures 20.77% in year one, and rental yield stands at 8.33% at a $339,000 entry. Equity gained on principal adds $2,188/yr while 5% annual appreciation compounds into $93,659 by year five. Five-year ROI records 108.14% and total cumulative return in cash reaches $121,528. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,353/mo property income versus a $1,659/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1887
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03216, Andover, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,223 (100%) |
| Owner Occupied HU | 879 (71.9%) |
| Renter Occupied HU | 169 (13.8%) |
| Vacant Housing Units | 175 (14.3%) |
| Median Home Value | $470,904 |
| Average Home Value | $583,211 |
Housing Distribution
Address Breakdown
Residential
851
Single Family
851
Multi-Family
0
Businesses
65
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Nearby investment properties with comparable prices
Listed by: Rachel Dethomas • Coldwell Banker LIFESTYLES - Concord
Mls Name: PrimeMLS
Mls ID: #5074985