152 L Capitol Hill Dr · Londonderry, NH 03053

$139,000

2 bd · 1.0 ba · 648 sqft · Condo · 1 Days on market

Built 1970 Good condition $456/mo HOA · 22% of rent ↓ 30% since listing

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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 +21.9/30.0
• 1% rule +9.9/10.0
• ARV discount +7.5/15.0
• DSCR +7.0/10.0
• Schools +4.7/10.0
• Livability +4.0/5.0
• Condition / age +3.8/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

What a Price! Whether you're starting out, starting over or looking for an investment property you can't beat the price! 2 bedroom, 1 bath garden style condominium. Woodland Village is tucked away just minutes from Londonderry's business strip with lots of restaurants, grocery stores, and an array of shops and businesses to suite your needs, and just minutes to Route 93. The association amenities include an in-ground swimming pool, basketball and tennis courts. 2 numbered parking places to the left of entry door, laundry in the building, a storage shed adjacent to the parking lot with dedicated storage for each unit. Londonderry quarterly water/sewer fee $96 One pet per unit subject to boa

Key facts

• Storage shed
• $456 HOA
• Community pool

Tags

• GARDEN STYLE CONDOMINIUM
• IN-GROUND SWIMMING POOL
• BASKETBALL AND TENNIS COURTS
• STORAGE SHED

Property features AI

Finance

• Other: Common land acreage for the development; Directions provided to building L, unit area near Ledgewood building
• HOA & community: Condo fees; Monthly association fee (listed); Association provides master insurance and landscaping; On-site amenities include in-ground pool, tennis court, basketball court, and coin laundry; Common acreage and snow removal

Exterior

• Parking: Assigned parking (space #152 referenced in directions)
• Utilities: Public water; Public sewer; Circuit breaker electric; High-speed internet available; Cable available
• Home design: Garden-style condo; Woodland Village condominium; Existing construction; Built in 1970
• Construction: Wood frame construction; Shingle roof
• Exterior features: Condo development; Common/shared paved driveway; Association and paved road frontage

Interior

• Kitchen: Dishwasher; Electric range; Refrigerator
• Bathrooms: 1 full bathroom
• Heating & cooling: Baseboard heating (electric); Wall AC units
• Interior features: 4 total rooms

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $139k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $218 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $139k).
• Cap rate 8.2% vs local median 2.4% in Londonderry — 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 80/100 on livability (#16 in NH, #1,834 nationally) — a professional / high-income tenant draw. Strengths: crime A+, employment A+, housing A+; Watch: cost of living D, amenities F, commute F.
• Londonderry School District (suburban): math 42% / reading 58% proficiency, ranked #27 of 98 in NH (top 28%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 8% free/reduced lunch — higher-income household profile.
• Zoned schools: Londonderry Middle School (math 32% / reading 56%, grade D, #38 of 96 statewide, top 40%, 890 students, 14% FRL); Londonderry Senior High School (math 48% / reading 74%, grade C+, #18 of 90 statewide, top 20%, 1,386 students, 9% FRL) — zoned schools at 11% FRL track the district average.
• Market conditions: 83 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $961 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: HOA is 22% of rent.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y — expect insurance premiums to compound above CPI over the hold.

Recommended offer $139,000

Questions for the listing agent

1. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.49% ✓
• Cap rate: 8.17%
• Cash-on-cash: 6.71%
• DSCR: 1.30
• GRM: 5.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -5.8%
• Equity multiple: 0.79×
• Total profit: $-8,355
• Equity at exit: $20,725

10-year hold

• IRR: 4.1%
• Equity multiple: 1.30×
• Total profit: $11,833
• Equity at exit: $12,018

Cash invested: $38,920 (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 03053

• Active inventory: 83
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $2,069 medium
• Mortgage (P&I): −$729
• Tax est. 1.5%: −$174 /mo · $2,085/yr
• Insurance: −$58
• HOA: −$456
• Vacancy / Maint / Mgmt: −$434
• Net cashflow: $218

Break-even live

Break-even rent $1,793

Max offer price $139,000

Occupancy floor 84%

Sensitivity live

Price	-10% $314	-5% $266	+0% $218	+5% $170	+10% $122
Rent	-10% $54	-5% $136	+0% $218	+5% $299	+10% $381
Rate	-1.0pp $288	-0.5pp $253	base $218	+0.5pp $182	+1.0pp $145

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: $34,750
• Closing costs: $4,170
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
114 Capitol Hill Dr Unit 1 Londonderry, NH	2.0	1.0	719	$2,100	$2.92	19d	1	0.08mi
114 Capitol Hill Dr Unit 1 Londonderry, NH	2.0	1.0	719	$2,100	$2.92	14d	1	0.08mi
75 South Rd Londonderry, NH	2.0	1.0	750	$1,645	$2.19	13d	1	1.06mi
1 Charleston Ave #7 Londonderry, NH	1.0	1.0	735	$1,800	$2.45	0d	1	1.08mi

HOA detail condo

• Monthly dues: $456 · $5,472/yr
• Likely covers: watersewerpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 3 events

1. 2026-05-30
   status $139,000 Pending 1 DOM
2. 2026-05-27
   listed $139,000 Active
3. 2025-07-03
   price $199,900

ⓘ 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 4/10 Moderate 7 d/yr ≥95°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,823
• − Mortgage interest: −$7,786
• − Property taxes: −$2,085
• − Insurance: −$695
• − Repairs & maintenance: −$1,986
• − Management: −$1,986
• − HOA: −$5,472
• − Depreciation: −$4,044
• Taxable income: $769
• Est. tax owed @ 24.0%: −$185
• After-tax cash flow: $2,426/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.

Condition & rehab AI · 3 photos

Good 75/100 Cosmetic rehab

This well-maintained and attractive condo is ready for a new owner. Minor cosmetic updates can further enhance its curb appeal and value.

Value-add opportunities

• Both Paint exterior siding — Fresh paint can enhance curb appeal and property value.
• Both Replace worn-out windows — New windows can improve energy efficiency and property value.
• Both Upgrade HVAC system — A modern HVAC system can improve comfort and energy efficiency, boosting both resale and rental value.

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior siding — Fresh paint can enhance curb appeal and property value. ↑
• Both Replace worn-out windows — New windows can improve energy efficiency and property value. ↑
• Both Upgrade HVAC system — A modern HVAC system can improve comfort and energy efficiency, boosting both resale and rental value. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Londonderry School District
• NCES district ID: 3304410
• Math proficiency: 42% ▼ -8.00%
• Reading proficiency: 58% ▼ -5.00%
• Median HH income: $91,272
• Composite: 46.67/100
• National rank: #2404
• State rank: #27 of 98 in NH

Livability — Londonderry

• Score: 80/100
• State rank: #16
• US rank: #1834

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Londonderry, NH
• Population (ZIP): 25,930

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 (92%)
• Race & ethnicity: White 92% Two or more races 4% Hispanic / Latino 4% Asian 1%
• Common ancestry: Lithuanian 7% Romanian 4% Slovak 4%
• Foreign-born: 4% · Canada, South Korea
• Languages at home: 95% English-only · Spanish 2% Other Indo-European 1% French/Haitian/Cajun 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: ▼ -308.17%
• Current HPI: 319.5718
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-30.5% since first listed

2 events — show timeline

• 2026-05-27 Listed $139,000 PrimeMLS
• 2025-07-03 Price Changed $199,900 PrimeMLS