85 Lebanon Street, Hanover, NH, 03755 | 6.84% Rental Yield

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85 Lebanon Street, Hanover, NH, 03755 | 6.84% Rental Yield | Ziffy

For Sale

Currently Rented

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Hanover at 85 Lebanon Street, Hanover, NH, 03755 offers a 6.84% rental yield on a $699,500 purchase with $3,986/mo rent. 39% in year one. Equity gained on principal adds $4,514/yr while 5% annual appreciation supports $193,259 over five years. Portfolio math shows five-year ROI at 84.66% and total cumulative return in cash at $194,835. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,986/mo property income against a $3,424/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1945

10,019 sqft lot

$N/A/sqft

No HOA

More details about the property

Just a short walk from Dartmouth College, this classic New England home offers comfort, convenience, and the option of long-term rental income. Currently leased through June 2026, its an excellent investment opportunity or future personal residence in a highly sought-after location. Featuring 3 bedrooms and 1.5 bathrooms, the home combines traditional character with practical updates. The kitchen opens to a bright dining area overlooking the peaceful, protected woods behind the propertyperfect for enjoying the changing seasons in privacy. A spacious deck extends from the side of the house, ideal for outdoor dining or relaxing in nature. The homes convenient layout includes a cozy living space, plenty of natural light, and laundry in the basement. Located within walking distance of campus, local shops, and restaurants, this property offers the best of Hanover livingwith everything you need close by. Listing agent has an ownership interest in the property.

Neighborhood Data

Neighborhood data shown for ZIP Code: 03755, Hanover, NH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,061 (100%)
Owner Occupied HU	1,739 (56.8%)
Renter Occupied HU	1,064 (34.8%)
Vacant Housing Units	258 ( 8.4%)
Median Home Value	$767,920
Average Home Value	$882,371