89 Summerside AvenueManchesterNH03102
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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 Manchester at 89 Summerside Avenue, Manchester, NH, 03102 priced at $425,000 converts $2,356/mo rent into after a $2,080/mo obligation. Total monthly income equals $2,356/mo. Return on cash invested prints 15.71% in year one, and rental yield reads 6.65% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 81.03% and total cumulative return in cash sums $114,161. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,356/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 1910
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03102, Manchester, NH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,231 (100%) |
| Owner Occupied HU | 5,603 (36.8%) |
| Renter Occupied HU | 9,075 (59.6%) |
| Vacant Housing Units | 553 ( 3.6%) |
| Median Home Value | $364,554 |
| Average Home Value | $399,877 |
Housing Distribution
Address Breakdown
Residential
14,680
Single Family
9,889
Multi-Family
4,791
Businesses
521
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Listed by: Sarah M Cotnoir • The Gove Group Real Estate, LLC
Mls Name: PrimeMLS
Mls ID: #5075324