32 Cable Road #6RyeNH03870
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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 32 Cable Road #6, Rye, NH, 03870 priced at $1,095,000 converts $2,640/mo rent into after a $5,359/mo obligation. Total monthly income equals $2,640/mo. Return on cash invested prints 4.48% in year one, and rental yield reads 2.89% against a $1,095,000 entry. Equity gained on principal adds $7,066/yr, while 5% annual appreciation compiles into $302,528 by year five. Five-year ROI reaches 20.67% and total cumulative return in cash sums $73,318. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,640/mo property income covering a $5,359/mo payment, not borrower’s personal income.
Condo
Built in 2013
1.92 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: Daniel Philbrick • Philbrick's of Rye
Mls Name: PrimeMLS
Mls ID: #5055347