62 Ridge AvenueClaremontNH03743
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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 Claremont at 62 Ridge Avenue, Claremont, NH, 03743 uses $91,163 cash to close to unlock $6,680/yr annual cash flow and $557/mo monthly cash flow. Total monthly income runs $2,400/mo, and a $1,346/mo payment keeps the spread at $557/mo. Purchase price stands at $275,000, and rental yield measures 10.47% with $2,400/mo rent. Return on cash invested shows 27.24% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 142.82% and total cumulative return in cash records $130,199. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1964
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03743, Claremont, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,346 (100%) |
| Owner Occupied HU | 3,364 (53.0%) |
| Renter Occupied HU | 2,512 (39.6%) |
| Vacant Housing Units | 470 ( 7.4%) |
| Median Home Value | $180,298 |
| Average Home Value | $229,029 |
Housing Distribution
Address Breakdown
Residential
5,872
Single Family
5,074
Multi-Family
798
Businesses
556
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Listed by: Ross P Doody • Century 21 Highview Realty
Mls Name: PrimeMLS
Mls ID: #5055378