353 Lita LaneNewmarketNH03857
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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 Newmarket at 353 Lita Lane, Newmarket, NH, 03857 priced at $149,900 pairs $1,184/mo rent with $179/mo cash flow after a $734/mo payment. Total monthly income equals $1,184/mo, and annual cash flow comes to $2,147/yr on $49,692 invested. Return on cash invested is 24.23% in year one, and rental yield stands at 9.48% on a $149,900 basis. Equity gained on principal adds $967/yr, and 5% annual appreciation accumulates to $41,415 by year five. Five-year ROI measures 126.68% and total cumulative return in cash reaches $62,951. For financing, Ziffy Mortgage’s DSCR program evaluates $1,184/mo property income against a $734/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03857, Newmarket, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,437 (100%) |
| Owner Occupied HU | 2,367 (53.3%) |
| Renter Occupied HU | 1,953 (44.0%) |
| Vacant Housing Units | 117 ( 2.6%) |
| Median Home Value | $487,062 |
| Average Home Value | $516,851 |
Housing Distribution
Address Breakdown
Residential
4,519
Single Family
3,338
Multi-Family
1,181
Businesses
236
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Listed by: Allison Gallagher • Cameron Prestige, LLC
Mls Name: PrimeMLS
Mls ID: #5075668