3 Richmond StreetNashuaNH03063
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 3 Richmond Street, Nashua, NH, 03063 in Nashua: $3,660/mo in rent, $443/mo in net income, 9.15% gross yield, 1.70 DSCR, all at $479,900. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $132,588 in appreciation and $4,420/yr in principal paydown projects total cumulative return of $211,611.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 5.8% |
| Monthly Cash Flow | $443 | $285 |
City averages based on Nashua market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,660 |
| Total Monthly Debt Service | $3,026 |
| DSCR Ratio | 1.21x |
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.
Single Family
Built in 1967
9,148 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03063, Nashua, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,278 (100%) |
| Owner Occupied HU | 4,588 (63.0%) |
| Renter Occupied HU | 2,570 (35.3%) |
| Vacant Housing Units | 120 ( 1.6%) |
| Median Home Value | $468,195 |
| Average Home Value | $505,530 |
Housing Distribution
Address Breakdown
Residential
7,221
Single Family
5,063
Multi-Family
2,158
Businesses
936
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
Single Family
Built in 1967
9,148 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03063, Nashua, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,278 (100%) |
| Owner Occupied HU | 4,588 (63.0%) |
| Renter Occupied HU | 2,570 (35.3%) |
| Vacant Housing Units | 120 ( 1.6%) |
| Median Home Value | $468,195 |
| Average Home Value | $505,530 |
Housing Distribution
Address Breakdown
Residential
7,221
Single Family
5,063
Multi-Family
2,158
Businesses
936
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joshua M Gillis • ERA Key Realty Services
Mls Name: PrimeMLS
Mls ID: #5065583