8 Leanne DriveConcordNH03303
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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 Concord at 8 Leanne Drive, Concord, NH, 03303 priced at $209,900 converts $1,445/mo rent into $38/mo cash flow after a $1,027/mo obligation. Total monthly income equals $1,445/mo, and annual cash flow totals $461/yr on $69,582 invested. Return on cash invested prints 20.57% in year one, and rental yield reads 8.26% against a $209,900 entry. Equity gained on principal adds $1,354/yr, while 5% annual appreciation compiles into $57,992 by year five. Five-year ROI reaches 107.11% and total cumulative return in cash sums $74,528. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,445/mo property income covering a $1,027/mo payment, not borrower’s personal income.
Manufactured
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03303, Concord, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,272 (100%) |
| Owner Occupied HU | 4,755 (65.4%) |
| Renter Occupied HU | 2,200 (30.3%) |
| Vacant Housing Units | 317 ( 4.4%) |
| Median Home Value | $405,062 |
| Average Home Value | $425,354 |
Housing Distribution
Address Breakdown
Residential
6,798
Single Family
5,173
Multi-Family
1,625
Businesses
269
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Listed by: Jeanne Phillips • BHHS Verani Concord
Mls Name: PrimeMLS
Mls ID: #5051175