631 Lake Avenue, Manchester, NH, 03103 | 6.11% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $3,816/mo, and a $3,671/mo payment. Purchase price stands at $750,000, and rental yield measures 6.11% with $3,816/mo rent. Return on cash invested shows 14.17% in year one, and 5% annual appreciation builds toward $207,211 over five years. Five-year ROI reaches 72.71% and total cumulative return in cash records $179,418. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,816/mo property income covering a $3,671/mo payment rather than investor’s personal income.

Multi Family

Built in 1880

0.36 Acres 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