36 Spring StreetNewportNH03773
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Newport at 36 Spring Street, Newport, NH, 03773 offers $2,314/mo rent that, after a $2,937/mo payment. Total monthly income is $2,314/mo. Return on cash invested measures 9.68% in year one, and rental yield stands at 4.63% at a $600,000 entry. Equity gained on principal adds $3,872/yr while 5% annual appreciation compounds into $165,769 by year five. Five-year ROI records 48.61% and total cumulative return in cash reaches $95,964. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,314/mo property income versus a $2,937/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1945
0.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03773, Newport, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,933 (100%) |
| Owner Occupied HU | 2,387 (60.7%) |
| Renter Occupied HU | 1,084 (27.6%) |
| Vacant Housing Units | 462 (11.7%) |
| Median Home Value | $290,749 |
| Average Home Value | $338,144 |
Housing Distribution
Address Breakdown
Residential
3,311
Single Family
3,116
Multi-Family
195
Businesses
295
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Listed by: Nicholas R Shepherd • C.G. Shepherd Realty, LLC
Mls Name: PrimeMLS
Mls ID: #5073010