552 Spruce StreetManchesterNH03103
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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
Investment property for sale in Manchester at 552 Spruce Street, Manchester, NH, 03103 with 5% annual appreciation on a $625,000 basis while $2,874/mo rent supports operations. 38% in year one. Equity gained on principal adds $4,033/yr, and five-year appreciation sums $172,676 alongside rental yield of 5.52%. Five-year ROI measures 63.14% and total cumulative return in cash totals $129,829. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,874/mo property income versus a $3,059/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1900
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03103, Manchester, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,484 (100%) |
| Owner Occupied HU | 7,310 (44.3%) |
| Renter Occupied HU | 8,584 (52.1%) |
| Vacant Housing Units | 590 ( 3.6%) |
| Median Home Value | $386,553 |
| Average Home Value | $413,156 |
Housing Distribution
Address Breakdown
Residential
15,186
Single Family
13,315
Multi-Family
1,871
Businesses
1,320
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Listed by: Michelle Sticklor • StartPoint Realty
Mls Name: PrimeMLS
Mls ID: #5069612