35 Alexander DriveManchesterNH03109
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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 35 Alexander Drive, Manchester, NH, 03109 priced at $419,900 converts $3,263/mo rent into $449/mo cash flow after a $2,055/mo obligation. Total monthly income equals $3,263/mo, and annual cash flow totals $5,384/yr on $139,197 invested. Return on cash invested prints 23.78% in year one, and rental yield reads 9.33% against a $419,900 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation compiles into $116,011 by year five. Five-year ROI reaches 124.25% and total cumulative return in cash sums $172,956. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,263/mo property income covering a $2,055/mo payment, not borrower’s personal income.
Single Family
Built in 1965
9,148 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03109, Manchester, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,397 (100%) |
| Owner Occupied HU | 3,255 (74.0%) |
| Renter Occupied HU | 1,093 (24.9%) |
| Vacant Housing Units | 49 ( 1.1%) |
| Median Home Value | $412,408 |
| Average Home Value | $417,365 |
Housing Distribution
Address Breakdown
Residential
4,623
Single Family
3,798
Multi-Family
825
Businesses
352
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Listed by: Thomas Cafarella • Cameron Real Estate Group
Mls Name: PrimeMLS
Mls ID: #5057860