340 Spruce StreetManchesterNH03103
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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 Manchester at 340 Spruce Street, Manchester, NH, 03103 priced at $639,000 pairs $3,406/mo rent with after a $3,128/mo payment. Total monthly income equals $3,406/mo. Return on cash invested is 15.05% in year one, and rental yield stands at 6.4% on a $639,000 basis. Equity gained on principal adds $4,123/yr, and 5% annual appreciation accumulates to $176,544 by year five. Five-year ROI measures 77.44% and total cumulative return in cash reaches $162,808. For financing, Ziffy Mortgage’s DSCR program evaluates $3,406/mo property income against a $3,128/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1885
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03103, Manchester, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,484 (100%) |
| Owner Occupied HU | 7,310 (44.3%) |
| Renter Occupied HU | 8,584 (52.1%) |
| Vacant Housing Units | 590 ( 3.6%) |
| Median Home Value | $386,553 |
| Average Home Value | $413,156 |
Housing Distribution
Address Breakdown
Residential
15,186
Single Family
13,315
Multi-Family
1,871
Businesses
1,320
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Listed by: Ryan Whalen • East Key Realty
Mls Name: PrimeMLS
Mls ID: #5052971