499 Andover RoadNew LondonNH03257
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 New London at 499 Andover Road, New London, NH, 03257 offers $1,440/mo rent that, after a $6,926/mo payment. Total monthly income is $1,440/mo. Return on cash invested measures -0.69% in year one, and rental yield stands at 1.22% at a $1,415,000 entry. Equity gained on principal adds $9,131/yr while 5% annual appreciation compounds into $390,938 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,440/mo property income versus a $6,926/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1836
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03257, New London, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,498 (100%) |
| Owner Occupied HU | 1,648 (66.0%) |
| Renter Occupied HU | 305 (12.2%) |
| Vacant Housing Units | 545 (21.8%) |
| Median Home Value | $612,969 |
| Average Home Value | $701,499 |
Housing Distribution
Address Breakdown
Residential
1,311
Single Family
1,078
Multi-Family
233
Businesses
288
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica & Anthony Dolan • Dolan Real Estate
Mls Name: PrimeMLS
Mls ID: #5042719