31 South Avenue #LDerryNH03038
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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 Derry at 31 South Avenue #L, Derry, NH, 03038 priced at $369,000 converts $2,891/mo rent into $418/mo cash flow after a $1,806/mo obligation. Total monthly income equals $2,891/mo, and annual cash flow totals $5,013/yr on $122,324 invested. Return on cash invested prints 24.01% in year one, and rental yield reads 9.4% against a $369,000 entry. Equity gained on principal adds $2,381/yr, while 5% annual appreciation compiles into $101,948 by year five. Five-year ROI reaches 125.48% and total cumulative return in cash sums $153,495. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,891/mo property income covering a $1,806/mo payment, not borrower’s personal income.
Condo
Built in 1988
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03038, Derry, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,587 (100%) |
| Owner Occupied HU | 9,531 (65.3%) |
| Renter Occupied HU | 4,609 (31.6%) |
| Vacant Housing Units | 447 ( 3.1%) |
| Median Home Value | $482,768 |
| Average Home Value | $548,921 |
Housing Distribution
Address Breakdown
Residential
13,786
Single Family
10,398
Multi-Family
3,388
Businesses
871
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Listed by: Pam Fraser • Coldwell Banker Classic Realty
Mls Name: PrimeMLS
Mls ID: #5069836