18 Springbrook St · Hinsdale, NH 03451

$125,000

4 bd · 2.0 ba · 1,064 sqft · Manufactured public records · 38 Days on market

Built 1997 Est $103k · 21% over $610/mo HOA · 44% of rent

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Why this score? — see what drove the F 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).

• Appreciation +10.0/10.0
• 1% rule +6.1/10.0
• Cash flow +4.6/30.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• DSCR +0.0/10.0
• ARV discount +0.0/15.0

Listing remarks MLS

Great price! A little cosmetics will go a long way to spruce this one up! 4 bedrooms and 2 baths is an unusual event in the parks, so best grab it while you can! Big yard, with lots of planting just waiting for recovery. .. open concept living/dining/kitchen. .. .. applianced. .. .Truly affordable. Buyers must be park approved. Please be sure buyers are prequalified with lender who lends in parks or are cash. Pet restrictions apply. Sellers will credit buyers at closing $2,000.00 for closing costs if buyer can close by Thanksgiving 2025.

Key facts

• Updated baths
• New kitchen
• New siding

Tags

• ARCHITECTURAL SHINGLES
• NEW SIDING
• NEW WINDOWS
• NEW FLOORING
• UPDATED BATHS
• NEW KITCHEN

Property features AI

Other

• Documents & disclosures: Deed available; Property disclosure available

Finance

• Other: Mobile located in Thicket Hill Village (park approved)
• HOA & community: Monthly park fee of $610 (includes park rent); One-time park fees listed (examples: $610, $595) — cover park fees

Exterior

• Parking: Paved driveway
• Utilities: Public water; Community or private sewer; Circuit breaker electrical service; High-speed internet available; Cable internet available; Telephone service available
• Home design: Single wide mobile home; Entry level: main level; Shingle - architectural roof
• Construction: Built in 1997; Steel frame construction; Vinyl siding
• Exterior features: Paved driveway; Park rent included in HOA/park fees; Lot identified as 7B

Interior

• Kitchen: Kitchen (12x12); Dishwasher; Electric range; Refrigerator
• Bedrooms: Master bedroom (main level); Bedroom (main level) — 9x8; Bedroom (main level) — 9x12; Bedroom (main level) — 9x9
• Flooring: Carpet; Laminate; Vinyl
• Bathrooms: One full bathroom (main level) — 5x9; One 3/4 bathroom (main level) — 7x8
• Heating & cooling: Kerosene and oil heating; Hot air distribution
• Interior features: Six total rooms; Deed restricted; Landscaped; Level lot
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $125k.

Deal economics

• At list price, monthly cash flow is $-319 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $69k (45.0% below list).
• Meets the 1% rule at list price ($1k rent vs $125k).
• Recommended offer: $69k (45.0% below list) — sets the bar for cash-flow.
• Cap rate 3.2% vs local median 1.9% in Hinsdale — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 64/100 on livability (#81 in NH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, health & safety D, crime F.
• Hinsdale School District (rural): math 22% / reading 34% proficiency, ranked #88 of 98 in NH (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Hinsdale Elementary School (math 22% / reading 32%, grade F, #219 of 263 statewide, top 86%, 248 students, 39% FRL) — zoned schools at 39% FRL track the district average.
• Market conditions: 26 active listings in the ZIP; 166 units permitted in Cheshire County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $13k of equity ($864 loan paydown + $12k appreciation (10.0% local appreciation)).
• Cheshire County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• By year 3, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 3y ago 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.
• Current owner paid $23k; list at $125k implies a 443% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 44% of rent.

Recommended offer $68,717 (45.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 45% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. 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?
8. 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.
9. 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.
10. 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: 1.11% ✓
• Cap rate: 3.23%
• Cash-on-cash: -10.92%
• DSCR: 0.51
• GRM: 7.5

CMA / ARV

• ARV (on-the-fly): $103,208
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
26 Cedar St	0.07mi	3/2.0 (-1)	1,064 (0%)	11mo	$102,900	$97	83
49 Robbins St	0.18mi	3/2.0 (-1)	1,027 (-4%)	7mo	$158,000	$154	74
25 Robbins St	0.11mi	3/2.0 (-1)	1,064 (0%)	21mo	$124,900	$117	72
22 Springbrook St	0.02mi	3/2.0 (-1)	1,216 (+14%)	2mo	$84,000	$69	69
7 Robbins St	0.10mi	3/1.5 (-1)	924 (-13%)	1mo	$75,000	$81	65
16 Robbins St	0.08mi	3/1.0 (-1)	938 (-12%)	20mo	$61,000	$65	51

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 16.7%
• Equity multiple: 2.38×
• Total profit: $48,148
• Equity at exit: $112,610

10-year hold

• IRR: 16.0%
• Equity multiple: 5.53×
• Total profit: $158,466
• Equity at exit: $242,848

Cash invested: $35,000 (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 03451

• Home prices YoY: 7.2%
• Active inventory: 26
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,393 medium
• Mortgage (P&I): −$656
• Tax from tax record: −$101 /mo · $1,215/yr
• Insurance: −$52
• HOA: −$610
• Vacancy / Maint / Mgmt: −$292
• Net cashflow: $-319

Break-even live

Break-even rent $1,796

Max offer price $68,717

Occupancy floor —

Sensitivity live

Price	-10% $-248	-5% $-283	+0% $-319	+5% $-354	+10% $-389
Rent	-10% $-429	-5% $-374	+0% $-319	+5% $-264	+10% $-209
Rate	-1.0pp $-256	-0.5pp $-287	base $-319	+0.5pp $-351	+1.0pp $-384

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $610 · $7,320/yr

Listing history 23 events

1. 2026-04-27
   status Pending
2. 2026-03-20
   listed $125,000 Active
3. 2026-02-02
   soldstatus $23,000 Closed 546-char remark

   Show marketing remark (546 chars)

   Great price! A little cosmetics will go a long way to spruce this one up! 4 bedrooms and 2 baths is an unusual event in the parks, so best grab it while you can! Big yard, with lots of planting just waiting for recovery. .. open concept living/dining/kitchen. .. .. applianced. .. .Truly affordable. Buyers must be park approved. Please be sure buyers are prequalified with lender who lends in parks or are cash. Pet restrictions apply. Sellers will credit buyers at closing $2,000.00 for closing costs if buyer can close by Thanksgiving 2025.

4. 2026-01-09
   status Pending 546-char remark

   Show marketing remark (546 chars)

   Great price! A little cosmetics will go a long way to spruce this one up! 4 bedrooms and 2 baths is an unusual event in the parks, so best grab it while you can! Big yard, with lots of planting just waiting for recovery. .. open concept living/dining/kitchen. .. .. applianced. .. .Truly affordable. Buyers must be park approved. Please be sure buyers are prequalified with lender who lends in parks or are cash. Pet restrictions apply. Sellers will credit buyers at closing $2,000.00 for closing costs if buyer can close by Thanksgiving 2025.

5. 2025-12-08
   status Active 546-char remark

   Show marketing remark (546 chars)

   Great price! A little cosmetics will go a long way to spruce this one up! 4 bedrooms and 2 baths is an unusual event in the parks, so best grab it while you can! Big yard, with lots of planting just waiting for recovery. .. open concept living/dining/kitchen. .. .. applianced. .. .Truly affordable. Buyers must be park approved. Please be sure buyers are prequalified with lender who lends in parks or are cash. Pet restrictions apply. Sellers will credit buyers at closing $2,000.00 for closing costs if buyer can close by Thanksgiving 2025.

6. 2025-12-06
   historical 546-char remark

   Show marketing remark (546 chars)

   Great price! A little cosmetics will go a long way to spruce this one up! 4 bedrooms and 2 baths is an unusual event in the parks, so best grab it while you can! Big yard, with lots of planting just waiting for recovery. .. open concept living/dining/kitchen. .. .. applianced. .. .Truly affordable. Buyers must be park approved. Please be sure buyers are prequalified with lender who lends in parks or are cash. Pet restrictions apply. Sellers will credit buyers at closing $2,000.00 for closing costs if buyer can close by Thanksgiving 2025.

7. 2025-11-19
   status Active 546-char remark

   Show marketing remark (546 chars)

   Great price! A little cosmetics will go a long way to spruce this one up! 4 bedrooms and 2 baths is an unusual event in the parks, so best grab it while you can! Big yard, with lots of planting just waiting for recovery. .. open concept living/dining/kitchen. .. .. applianced. .. .Truly affordable. Buyers must be park approved. Please be sure buyers are prequalified with lender who lends in parks or are cash. Pet restrictions apply. Sellers will credit buyers at closing $2,000.00 for closing costs if buyer can close by Thanksgiving 2025.

8. 2025-11-12
   historical 546-char remark

   Show marketing remark (546 chars)

   Great price! A little cosmetics will go a long way to spruce this one up! 4 bedrooms and 2 baths is an unusual event in the parks, so best grab it while you can! Big yard, with lots of planting just waiting for recovery. .. open concept living/dining/kitchen. .. .. applianced. .. .Truly affordable. Buyers must be park approved. Please be sure buyers are prequalified with lender who lends in parks or are cash. Pet restrictions apply. Sellers will credit buyers at closing $2,000.00 for closing costs if buyer can close by Thanksgiving 2025.

9. 2025-11-07
   status Pending 546-char remark

   Show marketing remark (546 chars)

   Great price! A little cosmetics will go a long way to spruce this one up! 4 bedrooms and 2 baths is an unusual event in the parks, so best grab it while you can! Big yard, with lots of planting just waiting for recovery. .. open concept living/dining/kitchen. .. .. applianced. .. .Truly affordable. Buyers must be park approved. Please be sure buyers are prequalified with lender who lends in parks or are cash. Pet restrictions apply. Sellers will credit buyers at closing $2,000.00 for closing costs if buyer can close by Thanksgiving 2025.

10. 2025-10-23
    price $40,000 546-char remark

    Show marketing remark (546 chars)

    Great price! A little cosmetics will go a long way to spruce this one up! 4 bedrooms and 2 baths is an unusual event in the parks, so best grab it while you can! Big yard, with lots of planting just waiting for recovery. .. open concept living/dining/kitchen. .. .. applianced. .. .Truly affordable. Buyers must be park approved. Please be sure buyers are prequalified with lender who lends in parks or are cash. Pet restrictions apply. Sellers will credit buyers at closing $2,000.00 for closing costs if buyer can close by Thanksgiving 2025.

11. 2025-10-23
    status Active 546-char remark

    Show marketing remark (546 chars)

    Great price! A little cosmetics will go a long way to spruce this one up! 4 bedrooms and 2 baths is an unusual event in the parks, so best grab it while you can! Big yard, with lots of planting just waiting for recovery. .. open concept living/dining/kitchen. .. .. applianced. .. .Truly affordable. Buyers must be park approved. Please be sure buyers are prequalified with lender who lends in parks or are cash. Pet restrictions apply. Sellers will credit buyers at closing $2,000.00 for closing costs if buyer can close by Thanksgiving 2025.

12. 2025-10-22
    status Pending 546-char remark

    Show marketing remark (546 chars)

    Great price! A little cosmetics will go a long way to spruce this one up! 4 bedrooms and 2 baths is an unusual event in the parks, so best grab it while you can! Big yard, with lots of planting just waiting for recovery. .. open concept living/dining/kitchen. .. .. applianced. .. .Truly affordable. Buyers must be park approved. Please be sure buyers are prequalified with lender who lends in parks or are cash. Pet restrictions apply. Sellers will credit buyers at closing $2,000.00 for closing costs if buyer can close by Thanksgiving 2025.

13. 2025-10-21
    status Active 546-char remark

    Show marketing remark (546 chars)

    Great price! A little cosmetics will go a long way to spruce this one up! 4 bedrooms and 2 baths is an unusual event in the parks, so best grab it while you can! Big yard, with lots of planting just waiting for recovery. .. open concept living/dining/kitchen. .. .. applianced. .. .Truly affordable. Buyers must be park approved. Please be sure buyers are prequalified with lender who lends in parks or are cash. Pet restrictions apply. Sellers will credit buyers at closing $2,000.00 for closing costs if buyer can close by Thanksgiving 2025.

14. 2025-10-08
    status Pending 546-char remark

    Show marketing remark (546 chars)

    Great price! A little cosmetics will go a long way to spruce this one up! 4 bedrooms and 2 baths is an unusual event in the parks, so best grab it while you can! Big yard, with lots of planting just waiting for recovery. .. open concept living/dining/kitchen. .. .. applianced. .. .Truly affordable. Buyers must be park approved. Please be sure buyers are prequalified with lender who lends in parks or are cash. Pet restrictions apply. Sellers will credit buyers at closing $2,000.00 for closing costs if buyer can close by Thanksgiving 2025.

15. 2025-08-25
    listed $50,000 Active 546-char remark

    Show marketing remark (546 chars)

    Great price! A little cosmetics will go a long way to spruce this one up! 4 bedrooms and 2 baths is an unusual event in the parks, so best grab it while you can! Big yard, with lots of planting just waiting for recovery. .. open concept living/dining/kitchen. .. .. applianced. .. .Truly affordable. Buyers must be park approved. Please be sure buyers are prequalified with lender who lends in parks or are cash. Pet restrictions apply. Sellers will credit buyers at closing $2,000.00 for closing costs if buyer can close by Thanksgiving 2025.

16. 2024-11-16
    price $85,000
17. 2024-10-19
    price $95,000
18. 2023-08-21
    soldstatus $67,000 Closed
19. 2023-07-19
    status Pending
20. 2023-05-22
    status Active
21. 2023-05-16
    status Pending
22. 2023-05-01
    price $70,000
23. 2023-03-21
    listed $75,000 Active

ⓘ 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: $1,215 · $101/mo
• Projected year-2 tax: $1,970 · $164/mo
• Expected delta: +$755/yr (+$63/mo · 62.1%)

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

Taxation est. · year 1

• Rental income: $16,713
• − Mortgage interest: −$7,002
• − Property taxes: −$1,215
• − Insurance: −$625
• − Repairs & maintenance: −$1,337
• − Management: −$1,337
• − HOA: −$7,320
• − Depreciation: −$3,636
• Taxable loss: −$5,760
• Est. tax savings @ 24.0%: +$1,382
• After-tax cash flow: $-2,441/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: Hinsdale School District
• NCES district ID: 3303780
• Math proficiency: 22% ▼ -15.00%
• Reading proficiency: 34% ▼ -8.00%
• Median HH income: $49,341
• Composite: 24.44/100
• National rank: #7672
• State rank: #88 of 98 in NH

Livability — Hinsdale

• Score: 64/100
• State rank: #81
• US rank: #14640

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment C- Housing A+ Health & safety D User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 3,987

Population outlook (Cheshire County) Hauer SSP2

• Today (2025): 74,613 people
• By 2030: 72,495 · -2.8%
• By 2040: 66,778 · -10.5%
• By 2050: 60,963 · -18.3%
• By 2075: 49,511 · -33.6%
• By 2100: 39,687 · -46.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Two or more races 4%
• Common ancestry: Lithuanian 10% Subsaharan African 4% Scotch-Irish 3%
• Foreign-born: 0%

Political lean MEDSL · Cheshire

• 2024 margin: Lean D (+9.8) · D 54.4% · R 44.6% · Other 1.1%
• 2008→2024 swing: -17.8pp toward R · 2008: 27.6pp · 2024: 9.8pp
• All cycles: 2024: D+9.8 2020: D+17.2 2016: D+12.6 2012: D+24.8 2008: D+27.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 24.91%
• Current HPI: 371.6177
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+66.7% since first listed

23 events — show timeline

• 2026-04-27 Pending — PrimeMLS
• 2026-03-20 Listed $125,000 PrimeMLS
• 2026-02-02 Sold (MLS) $23,000 PrimeMLS
• 2026-01-09 Pending — PrimeMLS
• 2025-12-08 Relisted — PrimeMLS
• 2025-12-06 Delisted — PrimeMLS
• 2025-11-19 Relisted — PrimeMLS
• 2025-11-12 Delisted — PrimeMLS
• 2025-11-07 Pending — PrimeMLS
• 2025-10-23 Price Changed $40,000 PrimeMLS
• 2025-10-23 Relisted — PrimeMLS
• 2025-10-22 Pending — PrimeMLS
• 2025-10-21 Relisted — PrimeMLS
• 2025-10-08 Pending — PrimeMLS
• 2025-08-25 Listed $50,000 PrimeMLS
• 2024-11-16 Price Changed $85,000 PrimeMLS
• 2024-10-19 Price Changed $95,000 PrimeMLS
• 2023-08-21 Sold (MLS) $67,000 PrimeMLS
• 2023-07-19 Pending — PrimeMLS
• 2023-05-22 Relisted — PrimeMLS
• 2023-05-16 Pending — PrimeMLS
• 2023-05-01 Price Changed $70,000 PrimeMLS
• 2023-03-21 Listed $75,000 PrimeMLS

Property tax history

+6.9%/yr

Latest (2025): $1,215 · +5.7% YoY. Source: county tax records.