34 Shore DriveSalemNH03079
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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 Salem at 34 Shore Drive, Salem, NH, 03079 priced at $468,000 pairs $4,075/mo rent with $938/mo cash flow after a $2,291/mo payment. Total monthly income equals $4,075/mo, and annual cash flow comes to $11,252/yr on $155,142 invested. Return on cash invested is 27.16% in year one, and rental yield stands at 10.45% on a $468,000 basis. Equity gained on principal adds $3,020/yr, and 5% annual appreciation accumulates to $129,300 by year five. Five-year ROI measures 142.41% and total cumulative return in cash reaches $220,937. For financing, Ziffy Mortgage’s DSCR program evaluates $4,075/mo property income against a $2,291/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03079, Salem, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,720 (100%) |
| Owner Occupied HU | 9,543 (69.6%) |
| Renter Occupied HU | 3,512 (25.6%) |
| Vacant Housing Units | 665 ( 4.8%) |
| Median Home Value | $555,186 |
| Average Home Value | $577,277 |
Housing Distribution
Address Breakdown
Residential
13,257
Single Family
10,248
Multi-Family
3,009
Businesses
1,816
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Listed by: Andrew Hillman • Hillman Real Estate
Mls Name: PrimeMLS
Mls ID: #5067312