38 River StreetNewportNH03773
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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
Investment property for sale in Newport at 38 River Street, Newport, NH, 03773 with 5% annual appreciation on a $200,000 basis while $1,800/mo rent supports operations. Total monthly income totals $1,800/mo and a $979/mo payment preserves $459/mo for cash returns. Annual cash flow comes to $5,512/yr on $66,300 deployed, and return on cash invested reaches 28.22% in year one. Equity gained on principal adds $1,291/yr, and five-year appreciation sums $55,256 alongside rental yield of 10.8%. Five-year ROI measures 148.16% and total cumulative return in cash totals $98,228.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,800/mo property income versus a $979/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1911
0.29 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: Corey D Caza • Realty One Group Next Level- Concord
Mls Name: PrimeMLS
Mls ID: #5065421