301 Locke RoadRyeNH03870
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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
Rental property for sale in Rye at 301 Locke Road, Rye, NH, 03870 offers $4,880/mo rent that, after a $3,916/mo payment. Total monthly income is $4,880/mo. Return on cash invested measures 17.86% in year one, and rental yield stands at 7.32% at a $800,000 entry. Equity gained on principal adds $5,162/yr while 5% annual appreciation compounds into $221,025 by year five. Five-year ROI records 92.51% and total cumulative return in cash reaches $243,488. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,880/mo property income versus a $3,916/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1800
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03870, Rye, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,881 (100%) |
| Owner Occupied HU | 1,946 (67.5%) |
| Renter Occupied HU | 412 (14.3%) |
| Vacant Housing Units | 523 (18.2%) |
| Median Home Value | $986,577 |
| Average Home Value | $1,155,040 |
Housing Distribution
Address Breakdown
Residential
2,275
Single Family
2,275
Multi-Family
0
Businesses
173
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Listed by: Jennifer Madden • Madden Group
Mls Name: PrimeMLS
Mls ID: #5059090