7 St. James Place #16NashuaNH03062
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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 Nashua at 7 St. James Place #16, Nashua, NH, 03062 offers $2,227/mo rent that, after a $1,114/mo payment, leaves $703/mo cash flow. Total monthly income is $2,227/mo, and annual cash flow is $8,431/yr on $75,416 cash. Return on cash invested measures 31.09% in year one, and rental yield stands at 11.75% at a $227,500 entry. Equity gained on principal adds $1,468/yr while 5% annual appreciation compounds into $62,854 by year five. Five-year ROI records 163.49% and total cumulative return in cash reaches $123,302. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,227/mo property income versus a $1,114/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03062, Nashua, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,354 (100%) |
| Owner Occupied HU | 8,454 (68.4%) |
| Renter Occupied HU | 3,732 (30.2%) |
| Vacant Housing Units | 168 ( 1.4%) |
| Median Home Value | $467,670 |
| Average Home Value | $491,020 |
Housing Distribution
Address Breakdown
Residential
12,104
Single Family
8,775
Multi-Family
3,329
Businesses
438
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Listed by: Maura Parnin • RE/MAX Innovative Properties
Mls Name: PrimeMLS
Mls ID: #5052979