56 Bangor StreetGorhamNH03581
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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 Gorham at 56 Bangor Street, Gorham, NH, 03581 generates $1,183/mo in rent and, after a $734/mo payment, leaves $178/mo in cash flow. Total monthly income is $1,183/mo, and annual cash flow is $2,135/yr on $49,692 invested. Return on cash invested sits at 24.21% in year one, and rental yield is 9.47% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 126.56% and total cumulative return in cash sums $62,891. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,183/mo property income rather than buyer’s personal income.
Single Family
Built in 1935
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03581, Gorham, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,723 (100%) |
| Owner Occupied HU | 1,084 (62.9%) |
| Renter Occupied HU | 396 (23.0%) |
| Vacant Housing Units | 243 (14.1%) |
| Median Home Value | $215,217 |
| Average Home Value | $235,574 |
Housing Distribution
Address Breakdown
Residential
1,468
Single Family
1,406
Multi-Family
62
Businesses
201
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Listed by: Janet Nickerson • A House To Home Realty
Mls Name: PrimeMLS
Mls ID: #5061561