53 Richards WayFarmingtonNH03835
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 Farmington at 53 Richards Way, Farmington, NH, 03835 offers $3,346/mo rent that, after a $3,044/mo payment. Total monthly income is $3,346/mo. Return on cash invested measures 15.24% in year one, and rental yield stands at 6.46% at a $621,999 entry. Equity gained on principal adds $4,014/yr while 5% annual appreciation compounds into $171,847 by year five. Five-year ROI records 78.44% and total cumulative return in cash reaches $160,519. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,346/mo property income versus a $3,044/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
1.57 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: The Zoeller Group • KW Coastal and Lakes & Mountains Realty/Rochester
Mls Name: PrimeMLS
Mls ID: #5048440