7 Granite AveSalemNH03079
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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 Salem at 7 Granite Ave, Salem, NH, 03079 priced at $492,300 converts $3,925/mo rent into $625/mo cash flow after a $2,410/mo obligation. Total monthly income equals $3,925/mo, and annual cash flow totals $7,497/yr on $163,197 invested. Return on cash invested prints 24.5% in year one, and rental yield reads 9.57% against a $492,300 entry. Equity gained on principal adds $3,177/yr, while 5% annual appreciation compiles into $136,013 by year five. Five-year ROI reaches 128.15% and total cumulative return in cash sums $209,138. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,925/mo property income covering a $2,410/mo payment, not borrower’s personal income.
Single Family
Built in 1972
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03079, Salem, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,720 (100%) |
| Owner Occupied HU | 9,543 (69.6%) |
| Renter Occupied HU | 3,512 (25.6%) |
| Vacant Housing Units | 665 ( 4.8%) |
| Median Home Value | $555,186 |
| Average Home Value | $577,277 |
Housing Distribution
Address Breakdown
Residential
13,257
Single Family
10,248
Multi-Family
3,009
Businesses
1,816
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