4 Morrison StreetSomersworthNH03878
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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 Somersworth at 4 Morrison Street, Somersworth, NH, 03878 priced at $399,000 converts $2,130/mo rent into after a $1,953/mo obligation. Total monthly income equals $2,130/mo. Return on cash invested prints 14.97% in year one, and rental yield reads 6.41% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 77.04% and total cumulative return in cash sums $101,906. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,130/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Single Family
Built in 1954
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03878, Somersworth, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,581 (100%) |
| Owner Occupied HU | 3,103 (55.6%) |
| Renter Occupied HU | 2,243 (40.2%) |
| Vacant Housing Units | 235 ( 4.2%) |
| Median Home Value | $342,170 |
| Average Home Value | $333,167 |
Housing Distribution
Address Breakdown
Residential
5,516
Single Family
4,614
Multi-Family
902
Businesses
419
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Listed by: Kevin Richard • RE/MAX Realty One
Mls Name: PrimeMLS
Mls ID: #5073348