633 Canal StreetManchesterNH03101
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Manchester rental at 633 Canal Street, Manchester, NH, 03101 sits in the solid-income band: 9.56% gross yield, $2,968/mo rent, $471/mo net after the $1,675/mo debt service, DSCR 1.77. Entry price of $372,400 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $102,887 and $3,430/yr in principal reduction bring total cumulative return to $172,398.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 8.0% |
| Monthly Cash Flow | $471 | $600 |
City averages based on Manchester market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,968 |
| Total Monthly Debt Service | $2,348 |
| DSCR Ratio | 1.26x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1913
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03101, Manchester, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,915 (100%) |
| Owner Occupied HU | 200 ( 6.9%) |
| Renter Occupied HU | 2,418 (83.0%) |
| Vacant Housing Units | 297 (10.2%) |
| Median Home Value | $375,000 |
| Average Home Value | $405,525 |
Housing Distribution
Address Breakdown
Residential
2,559
Single Family
879
Multi-Family
1,680
Businesses
1,045
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
Condo
Built in 1913
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03101, Manchester, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,915 (100%) |
| Owner Occupied HU | 200 ( 6.9%) |
| Renter Occupied HU | 2,418 (83.0%) |
| Vacant Housing Units | 297 (10.2%) |
| Median Home Value | $375,000 |
| Average Home Value | $405,525 |
Housing Distribution
Address Breakdown
Residential
2,559
Single Family
879
Multi-Family
1,680
Businesses
1,045
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Meghan Maraghy • Foundation Brokerage Group
Mls Name: PrimeMLS
Mls ID: #5067544