50 Grove StreetSomersworthNH03878
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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 Somersworth at 50 Grove Street, Somersworth, NH, 03878 offers $3,588/mo rent that, after a $2,296/mo payment, leaves $444/mo cash flow. Total monthly income is $3,588/mo, and annual cash flow is $5,327/yr on $155,474 cash. Return on cash invested measures 23.34% in year one, and rental yield stands at 9.18% at a $469,000 entry. Equity gained on principal adds $3,026/yr while 5% annual appreciation compounds into $129,576 by year five. Five-year ROI records 121.89% and total cumulative return in cash reaches $189,499. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,588/mo property income versus a $2,296/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1880
6,098 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: Purple Acorn • KW Coastal and Lakes & Mountains Realty
Mls Name: PrimeMLS
Mls ID: #5050551