344 Elm Street #16MilfordNH03055
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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 Milford at 344 Elm Street #16, Milford, NH, 03055 generates $2,584/mo in rent and, after a $1,419/mo payment, leaves $641/mo in cash flow. Total monthly income is $2,584/mo, and annual cash flow is $7,687/yr on $96,135 invested. Return on cash invested sits at 27.9% in year one, and rental yield is 10.69% on a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 146.4% and total cumulative return in cash sums $140,740. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,584/mo property income rather than buyer’s personal income.
Townhouse
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03055, Milford, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,847 (100%) |
| Owner Occupied HU | 4,210 (61.5%) |
| Renter Occupied HU | 2,486 (36.3%) |
| Vacant Housing Units | 151 ( 2.2%) |
| Median Home Value | $446,232 |
| Average Home Value | $473,977 |
Housing Distribution
Address Breakdown
Residential
6,787
Single Family
5,178
Multi-Family
1,609
Businesses
625
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Listed by: Michelle L Soucy • Keller Williams Gateway Realty
Mls Name: PrimeMLS
Mls ID: #5068232