4 Spencer RoadHanoverNH03755
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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 Hanover at 4 Spencer Road, Hanover, NH, 03755 generates $8,287/mo in rent, after a $9,275/mo payment. Total monthly income is $8,287/mo. Return on cash invested sits at 11.74% in year one, and rental yield is 5.25% on a $1,895,000 entry. Equity gained on principal adds $12,228/yr, while 5% annual appreciation builds toward $523,554 over five years. Five-year ROI reaches 59.64% and total cumulative return in cash sums $366,161. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $8,287/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
0.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03755, Hanover, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,061 (100%) |
| Owner Occupied HU | 1,739 (56.8%) |
| Renter Occupied HU | 1,064 (34.8%) |
| Vacant Housing Units | 258 ( 8.4%) |
| Median Home Value | $767,920 |
| Average Home Value | $882,371 |
Housing Distribution
Address Breakdown
Residential
2,957
Single Family
2,199
Multi-Family
758
Businesses
1,051
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Listed by: Jane Darrach • Martha E. Diebold/Hanover
Mls Name: PrimeMLS
Mls ID: #5058621