8 Gardner AvenueSalemNH03079
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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 8 Gardner Avenue, Salem, NH, 03079 offers $1,787/mo rent that, after a $1,248/mo payment, leaves $78/mo cash flow. Total monthly income is $1,787/mo, and annual cash flow is $934/yr on $84,533 cash. Return on cash invested measures 21.01% in year one, and rental yield stands at 8.41% at a $255,000 entry. Equity gained on principal adds $1,645/yr while 5% annual appreciation compounds into $70,452 by year five. Five-year ROI records 109.44% and total cumulative return in cash reaches $92,516. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,787/mo property income versus a $1,248/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1967
10,019 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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Listed by: Jacqueline Buia • Aluxety
Mls Name: PrimeMLS
Mls ID: #5074671