52 Erie StreetManchesterNH03102
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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 Manchester at 52 Erie Street, Manchester, NH, 03102 priced at $389,000 pairs $2,723/mo rent with $116/mo cash flow after a $1,904/mo payment. Total monthly income equals $2,723/mo, and annual cash flow comes to $1,387/yr on $128,954 invested. Return on cash invested is 20.98% in year one, and rental yield stands at 8.4% on a $389,000 basis. Equity gained on principal adds $2,510/yr, and 5% annual appreciation accumulates to $107,474 by year five. Five-year ROI measures 109.29% and total cumulative return in cash reaches $140,934. For financing, Ziffy Mortgage’s DSCR program evaluates $2,723/mo property income against a $1,904/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1840
4,792 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03102, Manchester, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,231 (100%) |
| Owner Occupied HU | 5,603 (36.8%) |
| Renter Occupied HU | 9,075 (59.6%) |
| Vacant Housing Units | 553 ( 3.6%) |
| Median Home Value | $364,554 |
| Average Home Value | $399,877 |
Housing Distribution
Address Breakdown
Residential
14,680
Single Family
9,889
Multi-Family
4,791
Businesses
521
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Listed by: Stephanie M Picanso • Rising Phoenix Realty
Mls Name: PrimeMLS
Mls ID: #5063642