37 Thorndike StreetConcordNH03301
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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 Concord at 37 Thorndike Street, Concord, NH, 03301 priced at $492,000 pairs $3,616/mo rent with $318/mo cash flow after a $2,408/mo payment. Total monthly income equals $3,616/mo, and annual cash flow comes to $3,820/yr on $163,098 invested. Return on cash invested is 22.25% in year one, and rental yield stands at 8.82% on a $492,000 basis. Equity gained on principal adds $3,175/yr, and 5% annual appreciation accumulates to $135,931 by year five. Five-year ROI measures 116.09% and total cumulative return in cash reaches $189,340. For financing, Ziffy Mortgage’s DSCR program evaluates $3,616/mo property income against a $2,408/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1830
6,970 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03301, Concord, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,779 (100%) |
| Owner Occupied HU | 7,126 (48.2%) |
| Renter Occupied HU | 6,953 (47.0%) |
| Vacant Housing Units | 700 ( 4.7%) |
| Median Home Value | $392,897 |
| Average Home Value | $415,559 |
Housing Distribution
Address Breakdown
Residential
13,751
Single Family
11,157
Multi-Family
2,594
Businesses
2,101
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Listed by: Joseph Palmisano • BHG Masiello Concord
Mls Name: PrimeMLS
Mls ID: #5066443