3 Slate Run · North Hampton, NH 03862

$319,900

2 bd · 2.0 ba · 1,128 sqft · Manufactured public records · 48 Days on market

Built 2018 Est $232k · 38% over ↓ 12% since listing

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +22.4/30.0
• DSCR +7.2/10.0
• Schools +6.7/10.0
• 1% rule +5.5/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to easy Seacoast living in the highly sought after Granite Post Green community. Built in 2018, this meticulously maintained 2-bedroom, 2-bath home offers 1,100+ sq ft of thoughtfully designed living space, combining modern upgrades with a comfortable, low-maintenance lifestyle just minutes from the coast. Step inside to a bright, open-concept layout where the kitchen, dining, and living areas connect seamlessly. Ideal for both everyday living and entertaining. The kitchen is beautifully appointed with quartz countertops, stainless steel appliances, soft-close cabinetry, and a layout that keeps you at the center of it all. Privately situated toward the rear of the home, the primary suite offers a relaxing retreat with a walk-in closet and en-suite bath. A well-sized second bedroom provides flexibility for guests, while also featuring a large closet and optional Murphy bed for added versatility. A bonus room adds even more functionality. The room is perfect for a home office, sewing or craft room, or a small workout space giving you the flexibility to truly make the space your own. The layout is complemented by a dedicated laundry/utility area and efficient use of every square foot. Enjoy morning coffee on the welcoming front porch and unwind on the spacious rear deck overlooking a patio and beautifully maintained landscaping. A shed provides additional storage, completing the outdoor space. Additional highlights include central air, propane forced hot air heat, public water, and a well-cared-for interior that is truly move-in ready. Set within a well-maintained community with convenient access to beaches, shopping, golf, and major routes, this home offers the perfect blend of comfort, convenience, and seacoast lifestyle. Smile, you just found your new home!

Key facts

• Built 2018
• Listed 48 days

Property features AI

Exterior

• Parking: Paved driveway
• Utilities: Public water; Private septic with leach field; 100 Amp electrical service with circuit breakers; High-speed internet available; Cable available; Telephone available
• Home design: Manufactured/Mobile home; Entry on main level
• Construction: Built in 2018; Vinyl siding; Asphalt shingle roof
• Exterior features: Landscaped grounds; Leased lot; Near country club and golf course; Near walking paths; Close to shopping, public transportation, and hospital; Close to schools; Paved driveway; Paved, private, and privately maintained road frontage

Interior

• Kitchen: Dishwasher; Microwave; Gas range; Refrigerator
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air conditioning; Propane-fired forced air heating
• Interior features: 5 total rooms

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $320k.

Deal economics

• At list price, monthly cash flow is $535 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $320k).
• Recommended offer: $310k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• North Hampton School District (rural): math 66% / reading 82% proficiency, ranked #14 of 171 in NH (top 8%) — strong family-tenant draw, lease renewals of 3-5y typical; only 7% free/reduced lunch — higher-income household profile.
• Market conditions: 28 active listings in the ZIP; 1,276 units permitted in Rockingham County in 2024 (593 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 48 days — a 3% lower offer ($310k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Recommended offer $310,303 (3.0% below list)

Questions for the listing agent

1. It's been on market 48 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.05% ✓
• Cap rate: 8.30%
• Cash-on-cash: 7.17%
• DSCR: 1.32
• GRM: 8.0

CMA / ARV

• ARV (on-the-fly): $232,368
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7 Granite Dr	0.13mi	2/1.5	1,019 (-10%)	2mo	$177,000	$174	75
16 Granite Dr	0.13mi	2/2.0	1,220 (+8%)	12mo	$265,000	$217	70
4 Aspen Way	0.53mi	2/2.0	1,180 (+5%)	6mo	$360,000	$305	63
56 Oak Dr	0.33mi	3/2.0 (+1)	1,064 (-6%)	11mo	$219,000	$206	61
30 Greystone Way	0.55mi	2/2.0	1,188 (+5%)	7mo	$464,000	$391	59
39 Oak Dr	0.33mi	2/2.0	1,216 (+8%)	23mo	$199,000	$164	52
39 Hickory Ave	0.45mi	3/2.0 (+1)	1,064 (-6%)	19mo	$215,000	$202	48

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -5.3%
• Equity multiple: 0.80×
• Total profit: $-17,751
• Equity at exit: $47,698

10-year hold

• IRR: 4.3%
• Equity multiple: 1.32×
• Total profit: $28,396
• Equity at exit: $27,659

Cash invested: $89,572 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 56 Moderately Landlord-Leaning
• State New Hampshire: 56 Moderately Landlord-Leaning · D+1
• County: — inherits STATE
• City: — inherits STATE

Has just-cause statute; 30-day notice; landlord-leaning vs. neighbors.

Methodology + full state rankings →

ZIP-level market 03862

• Home prices YoY: -17.5%
• Active inventory: 28
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $3,344 medium
• Mortgage (P&I): −$1,678
• Tax from tax record: −$296 /mo · $3,549/yr
• Insurance: −$133
• HOA: −$0
• Vacancy / Maint / Mgmt: −$702
• Net cashflow: $535

Break-even live

Break-even rent $2,667

Max offer price $319,900

Occupancy floor 79%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $79,975
• Closing costs: $9,597
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-18
   status $319,900 Pending 48 DOM
2. 2026-06-17
   days on market $319,900 Active 48 DOM
3. 2026-06-16
   days on market $319,900 Active 47 DOM
4. 2026-06-15
   days on market $319,900 Active 46 DOM
5. 2026-06-13
   days on market $319,900 Active 44 DOM
6. 2026-06-13
   days on market $319,900 Active 43 DOM
7. 2026-06-09
   days on market $319,900 Active 40 DOM
8. 2026-06-08
   days on market $319,900 Active 39 DOM
9. 2026-06-07
   days on market $319,900 Active 38 DOM
10. 2026-06-04
    days on market $319,900 Active 35 DOM
11. 2026-06-03
    days on market $319,900 Active 34 DOM
12. 2026-06-02
    days on market $319,900 Active 33 DOM
13. 2026-06-01
    days on market $319,900 Active 32 DOM
14. 2026-05-31
    days on market $319,900 Active 31 DOM
15. 2026-04-07
    listed $319,900 Active

    Show marketing remark (1795 chars)

    Welcome to easy Seacoast living in the highly sought after Granite Post Green community. Built in 2018, this meticulously maintained 2-bedroom, 2-bath home offers 1,100+ sq ft of thoughtfully designed living space, combining modern upgrades with a comfortable, low-maintenance lifestyle just minutes from the coast. Step inside to a bright, open-concept layout where the kitchen, dining, and living areas connect seamlessly. Ideal for both everyday living and entertaining. The kitchen is beautifully appointed with quartz countertops, stainless steel appliances, soft-close cabinetry, and a layout that keeps you at the center of it all. Privately situated toward the rear of the home, the primary suite offers a relaxing retreat with a walk-in closet and en-suite bath. A well-sized second bedroom provides flexibility for guests, while also featuring a large closet and optional Murphy bed for added versatility. A bonus room adds even more functionality. The room is perfect for a home office, sewing or craft room, or a small workout space giving you the flexibility to truly make the space your own. The layout is complemented by a dedicated laundry/utility area and efficient use of every square foot. Enjoy morning coffee on the welcoming front porch and unwind on the spacious rear deck overlooking a patio and beautifully maintained landscaping. A shed provides additional storage, completing the outdoor space. Additional highlights include central air, propane forced hot air heat, public water, and a well-cared-for interior that is truly move-in ready. Set within a well-maintained community with convenient access to beaches, shopping, golf, and major routes, this home offers the perfect blend of comfort, convenience, and seacoast lifestyle. Smile, you just found your new home!

16. 2026-04-07
    listed $319,900 Active 1795-char remark

    Show marketing remark (1795 chars)

    Welcome to easy Seacoast living in the highly sought after Granite Post Green community. Built in 2018, this meticulously maintained 2-bedroom, 2-bath home offers 1,100+ sq ft of thoughtfully designed living space, combining modern upgrades with a comfortable, low-maintenance lifestyle just minutes from the coast. Step inside to a bright, open-concept layout where the kitchen, dining, and living areas connect seamlessly. Ideal for both everyday living and entertaining. The kitchen is beautifully appointed with quartz countertops, stainless steel appliances, soft-close cabinetry, and a layout that keeps you at the center of it all. Privately situated toward the rear of the home, the primary suite offers a relaxing retreat with a walk-in closet and en-suite bath. A well-sized second bedroom provides flexibility for guests, while also featuring a large closet and optional Murphy bed for added versatility. A bonus room adds even more functionality. The room is perfect for a home office, sewing or craft room, or a small workout space giving you the flexibility to truly make the space your own. The layout is complemented by a dedicated laundry/utility area and efficient use of every square foot. Enjoy morning coffee on the welcoming front porch and unwind on the spacious rear deck overlooking a patio and beautifully maintained landscaping. A shed provides additional storage, completing the outdoor space. Additional highlights include central air, propane forced hot air heat, public water, and a well-cared-for interior that is truly move-in ready. Set within a well-maintained community with convenient access to beaches, shopping, golf, and major routes, this home offers the perfect blend of comfort, convenience, and seacoast lifestyle. Smile, you just found your new home!

17. 2026-02-28
    price $325,000
18. 2026-02-28
    price $325,000
19. 2025-10-29
    price $364,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NH · Partial reset (capped growth)

• Current annual tax: $3,549 · $296/mo
• Projected year-2 tax: $5,261 · $438/mo
• Expected delta: +$1,712/yr (+$143/mo · 48.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $40,132
• − Mortgage interest: −$17,919
• − Property taxes: −$3,549
• − Insurance: −$1,600
• − Repairs & maintenance: −$3,211
• − Management: −$3,211
• − Depreciation: −$9,306
• Taxable income: $1,337
• Est. tax owed @ 24.0%: −$321
• After-tax cash flow: $6,104/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: North Hampton School District
• NCES district ID: 3305370
• Math proficiency: 66% ▲ 1.00%
• Reading proficiency: 82% ▲ 3.00%
• Median HH income: $83,171
• Composite: 66.85/100
• National rank: #883
• State rank: #14 of 171 in NH

Livability — North Hampton

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Population (ZIP): 4,563

Population outlook (Rockingham County) Hauer SSP2

• Today (2025): 316,118 people
• By 2030: 320,929 · +1.5%
• By 2040: 323,358 · +2.3%
• By 2050: 314,977 · -0.4%
• By 2075: 297,686 · -5.8%
• By 2100: 256,363 · -18.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Hispanic / Latino 4% Asian 4% Two or more races 3%
• Common ancestry: Lithuanian 8% Scotch-Irish 4% Slovak 4%
• Foreign-born: 5% · China, Canada
• Languages at home: 88% English-only · Spanish 6% Chinese 3% Other Indo-European 1%

Political lean MEDSL · Rockingham

• 2024 margin: Toss-up / Even · D 48.3% · R 50.8%
• 2008→2024 swing: -3.5pp toward R · 2008: 1.1pp · 2024: -2.4pp
• All cycles: 2024: R+2.4 2020: D+2.1 2016: R+5.8 2012: R+4.5 2008: D+1.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -81.37%
• Current HPI: 384.1561
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-12.3% since first listed

5 events — show timeline

• 2026-04-07 Listed $319,900 PrimeMLS
• 2026-04-07 Listed $319,900 PrimeMLS
• 2026-02-28 Price Changed $325,000 PrimeMLS
• 2026-02-28 Price Changed $325,000 PrimeMLS
• 2025-10-29 Price Changed $364,900 PrimeMLS

Property tax history

+25.3%/yr

Latest (2025): $3,549 · +5.1% YoY. Source: county tax records.