41 Grove StreetFarmingtonNH03835
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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 Farmington at 41 Grove Street, Farmington, NH, 03835 priced at $835,000 converts $1,739/mo rent into after a $4,087/mo obligation. Total monthly income equals $1,739/mo. Return on cash invested prints 3.21% in year one, and rental yield reads 2.5% against a $835,000 entry. Equity gained on principal adds $5,388/yr, while 5% annual appreciation compiles into $230,695 by year five. Five-year ROI reaches 13.94% and total cumulative return in cash sums $38,308. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,739/mo property income covering a $4,087/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03835, Farmington, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,041 (100%) |
| Owner Occupied HU | 2,103 (69.2%) |
| Renter Occupied HU | 722 (23.7%) |
| Vacant Housing Units | 216 ( 7.1%) |
| Median Home Value | $374,745 |
| Average Home Value | $416,284 |
Housing Distribution
Address Breakdown
Residential
2,756
Single Family
2,424
Multi-Family
332
Businesses
149
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Listed by: William Peck • Horvath & Tremblay LLC
Mls Name: PrimeMLS
Mls ID: #5065630