243 Sweden St · Berlin, NH 03570

$64,900

3 bd · 1.0 ba · 1,050 sqft · SingleFamily public records · 80 Days on market

Built 1900 4,791 sqft lot $62/sqft · 65% below area

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Why this score? — see what drove the C- 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 +15.0/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0

Listing remarks MLS

Being Sold As-Is As-Seen, 3 bedroom 1 bath home located in the Norwegian Village. Offers newer architectural shingled roof and vinyl exterior. Lots of potential. Offers hardwood floors. 3 seasons porch for the sunrise and ATV accessible.

Key facts

• 3 seasons porch
• Atv accessible
• Hardwood floors

Tags

• ARCHITECTURAL SHINGLED ROOF
• VINYL EXTERIOR
• HARDWOOD FLOORS
• 3 SEASONS PORCH
• ATV ACCESSIBLE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $65k.

Deal economics

• At list price, monthly cash flow is $2k ($21k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $65k).
• Recommended offer: $61k (6.0% below list) — sets the bar for market timing.
• Cap rate 38.9% vs local median 7.1% in Berlin — 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 66/100 on livability (#67 in NH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, crime A-, housing A-; Watch: schools D, amenities F, commute F.
• Berlin School District (town): math 24% / reading 30% proficiency, ranked #91 of 98 in NH (top 93%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 100 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 95 units permitted in Coos County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $7k of equity ($449 loan paydown + $6k appreciation (10.0% local appreciation)).
• Coos County population projected at -19% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $18k cash investment doubles in ~1 year — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 80 days — a 6% lower offer ($61k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 9y ago; this cycle's ask has dropped $20k (24%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $61,006 (6.0% below list)

Questions for the listing agent

1. It's been on market 80 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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.
7. 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.
8. 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: 4.31% ✓
• Cap rate: 38.90%
• Cash-on-cash: 116.45%
• DSCR: 6.18
• GRM: 1.9

CMA / ARV

• ARV (median comp): $184,357
• List price: $64,900
• Delta: -64.80%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
263 Sweden St	0.03mi	3/1.0	1,013 (-4%)	9mo	$180,000	$178	85
191 Norway St	0.10mi	2/1.5 (-1)	1,020 (-3%)	10mo	$250,000	$245	76
402 Norway St	0.23mi	3/2.0	990 (-6%)	11mo	$177,500	$179	67
56 Pershing Ave	0.47mi	2/1.0 (-1)	1,008 (-4%)	5mo	$50,000	$50	62
6 Johnsons Rd	0.07mi	3/1.0	1,200 (+14%)	13mo	$150,000	$125	62
62 Verdun St	0.48mi	3/1.0	992 (-6%)	9mo	$65,000	$66	60
152 Howard St	0.64mi	3/1.5	1,107 (+5%)	9mo	$270,000	$244	51
16 Rheims St	0.54mi	3/2.0	1,129 (+8%)	12mo	$210,000	$186	49
4 Verdun St	0.49mi	3/1.0	1,184 (+13%)	14mo	$244,900	$207	44
380 Portland St	0.59mi	3/1.0	1,166 (+11%)	13mo	$210,000	$180	43
84 Summer St	0.68mi	2/2.0 (-1)	1,124 (+7%)	8mo	$110,000	$98	41
157 Ruby St	0.64mi	3/1.0	1,197 (+14%)	10mo	$178,000	$149	38

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: —
• Equity multiple: 9.13×
• Total profit: $147,706
• Equity at exit: $58,467

10-year hold

• IRR: —
• Equity multiple: 20.08×
• Total profit: $346,728
• Equity at exit: $126,086

Cash invested: $18,172 (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 03570

• Home prices YoY: 14.3%
• Active inventory: 100
• Price-to-rent: 1.9×

Monthly cashflow live

• Estimated rent: $2,800 medium
• Mortgage (P&I): −$340
• Tax est. 1.5%: −$81 /mo · $974/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$588
• Net cashflow: $1,763

Break-even live

Break-even rent $568

Max offer price $64,900

Occupancy floor 32%

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: $16,225
• Closing costs: $1,947
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1878 Riverside Dr Berlin, NH	2.0	1.0	1396	$2,800	$2.01	44d	1	0.89mi

Listing history 21 events

1. 2026-06-01
   status $64,900 Pending 80 DOM
2. 2026-06-01
   days on market $64,900 Active 80 DOM
3. 2026-05-31
   days on market $64,900 Active 79 DOM
4. 2026-05-06
   price $64,900 237-char remark

   Show marketing remark (237 chars)

   Being Sold As-Is As-Seen, 3 bedroom 1 bath home located in the Norwegian Village. Offers newer architectural shingled roof and vinyl exterior. Lots of potential. Offers hardwood floors. 3 seasons porch for the sunrise and ATV accessible.

5. 2026-04-10
   price $74,900 237-char remark

   Show marketing remark (237 chars)

   Being Sold As-Is As-Seen, 3 bedroom 1 bath home located in the Norwegian Village. Offers newer architectural shingled roof and vinyl exterior. Lots of potential. Offers hardwood floors. 3 seasons porch for the sunrise and ATV accessible.

6. 2026-03-13
   listed $84,900 Active 237-char remark

   Show marketing remark (237 chars)

   Being Sold As-Is As-Seen, 3 bedroom 1 bath home located in the Norwegian Village. Offers newer architectural shingled roof and vinyl exterior. Lots of potential. Offers hardwood floors. 3 seasons porch for the sunrise and ATV accessible.

7. 2025-09-10
   price $114,000
8. 2025-05-01
   price $119,000
9. 2025-01-21
   price $149,000
10. 2024-08-16
    soldstatus $80,000
11. 2021-12-10
    soldstatus $149,800
12. 2021-12-06
    soldstatus $149,777 Closed
13. 2021-11-18
    historical Active with Contract
14. 2021-09-22
    price $149,777
15. 2021-08-11
    price $158,777
16. 2021-08-04
    listed $162,900 Active
17. 2017-08-23
    soldstatus $24,000 Closed
18. 2017-08-22
    status Pending
19. 2017-06-29
    historical Active with Contract
20. 2017-06-02
    price $29,900
21. 2017-06-01
    listed $29,000 Active

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥88°F today · 17 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,600
• − Mortgage interest: −$3,635
• − Property taxes: −$974
• − Insurance: −$324
• − Repairs & maintenance: −$2,688
• − Management: −$2,688
• − Depreciation: −$1,888
• Taxable income: $21,403
• Est. tax owed @ 24.0%: −$5,137
• After-tax cash flow: $16,025/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: Berlin School District
• NCES district ID: 3301860
• Math proficiency: 24% ▼ -5.00%
• Reading proficiency: 30% ▼ -12.00%
• Median HH income: $37,494
• Composite: 22.5/100
• National rank: #8095
• State rank: #91 of 98 in NH

Livability — Berlin

• Score: 66/100
• State rank: #67
• US rank: #11665

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Berlin, NH
• City population: 9,473
• Population (ZIP): 9,473

Population outlook (Coos County) Hauer SSP2

• Today (2025): 30,912 people
• By 2030: 29,872 · -3.4%
• By 2040: 27,449 · -11.2%
• By 2050: 25,049 · -19.0%
• By 2075: 19,584 · -36.6%
• By 2100: 13,818 · -55.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Hispanic / Latino 5% Black 4% Two or more races 4%
• Common ancestry: Lithuanian 21% German 2% Romanian 2%
• Foreign-born: 3% · Canada, Jamaica
• Languages at home: 88% English-only · French/Haitian/Cajun 8% Spanish 4%

Political lean MEDSL · Coos

• 2024 margin: R (+13.8) · D 42.7% · R 56.5%
• 2008→2024 swing: -32.1pp toward R · 2008: 18.3pp · 2024: -13.8pp
• All cycles: 2024: R+13.8 2020: R+5.9 2016: R+9.1 2012: D+17.6 2008: D+18.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 55.16%
• Current HPI: 440.9127
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+123.8% since first listed

18 events — show timeline

• 2026-05-06 Price Changed $64,900 PrimeMLS
• 2026-04-10 Price Changed $74,900 PrimeMLS
• 2026-03-13 Listed $84,900 PrimeMLS
• 2025-09-10 Price Changed $114,000 PrimeMLS
• 2025-05-01 Price Changed $119,000 PrimeMLS
• 2025-01-21 Price Changed $149,000 PrimeMLS
• 2024-08-16 Sold (Public Records) $80,000 Public Records
• 2021-12-10 Sold (Public Records) $149,800 Public Records
• 2021-12-06 Sold (MLS) $149,777 PrimeMLS
• 2021-11-18 Contingent — PrimeMLS
• 2021-09-22 Price Changed $149,777 PrimeMLS
• 2021-08-11 Price Changed $158,777 PrimeMLS
• 2021-08-04 Listed $162,900 PrimeMLS
• 2017-08-23 Sold (MLS) $24,000 PrimeMLS
• 2017-08-22 Pending — PrimeMLS
• 2017-06-29 Contingent — PrimeMLS
• 2017-06-02 Price Changed $29,900 PrimeMLS
• 2017-06-01 Listed $29,000 PrimeMLS

Property tax history

+5.1%/yr

Latest (2025): $4,425 · +8.8% YoY. Source: county tax records.