32 Mechanic StreetFarmingtonNH03835
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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
Investment property for sale in Farmington at 32 Mechanic Street, Farmington, NH, 03835 with 5% annual appreciation on a $455,000 basis while $2,280/mo rent supports operations. 78% in year one. Equity gained on principal adds $2,936/yr, and five-year appreciation sums $125,708 alongside rental yield of 6.01%. Five-year ROI measures 70.69% and total cumulative return in cash totals $106,624. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,280/mo property income versus a $2,227/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2022
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03835, Farmington, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,041 (100%) |
| Owner Occupied HU | 2,103 (69.2%) |
| Renter Occupied HU | 722 (23.7%) |
| Vacant Housing Units | 216 ( 7.1%) |
| Median Home Value | $374,745 |
| Average Home Value | $416,284 |
Housing Distribution
Address Breakdown
Residential
2,756
Single Family
2,424
Multi-Family
332
Businesses
149
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Listed by: Timothy Casey • KW Coastal and Lakes & Mountains Realty
Mls Name: PrimeMLS
Mls ID: #5071428