67 Lafayette St · Laconia, NH 03246

$199,000

2 bd · 1.0 ba · 1,008 sqft · SingleFamily public records · 1 Days on market

Built 1986 0.31 ac lot Est $311k · 36% under

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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).

• ARV discount +15.0/15.0
• Cash flow +12.3/30.0
• Rent growth +5.0/5.0
• 1% rule +4.3/10.0
• Livability +4.0/5.0
• DSCR +3.6/10.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Pride of ownership seen in this ranch home on quiet in-town location. New family room, metal roof, bath, windows, above ground pool. Beautiful yard. Must be seen!

Key facts

• Downtown amenities
• Manageable lot
• Shopping

Tags

• SHOPPING
• RESTAURANTS
• SCHOOLS
• DOWNTOWN AMENITIES
• FUNCTIONAL FLOOR PLAN
• MANAGEABLE LOT

Property features AI

Finance

• Other: Taxes TBD

Exterior

• Parking: Detached/attached garage with space for 1 vehicle
• Utilities: Public water; Public sewer; Circuit breaker electrical service; High-speed internet available; Cable available
• Home design: Ranch-style home; Existing construction; Facing direction not specified; Entry level not specified
• Construction: Built in 1986; Vinyl siding; Metal roof
• Exterior features: Level lot; Near shopping, hospital, and schools; Publicly maintained road frontage (97 ft); Paved driveway

Interior

• Bathrooms: One full bathroom
• Heating & cooling: Oil heat
• Interior features: Basement with interior access; Concrete basement and concrete floor; Four total rooms

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $199k.

Deal economics

• At list price, monthly cash flow is $-37 ($-441/yr) — negative.
• To cash-flow at today's rent, offer at most $193k (3.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $185k (7.1% below list).
• Recommended offer: $185k (7.1% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 1.8% in Laconia — 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 79/100 on livability (#20 in NH, #2,314 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: commute F.
• Laconia School District (town): math 24% / reading 31% proficiency, ranked #89 of 98 in NH (top 91%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Woodland Heights Elementary School (math 17% / reading 32%, grade F, #230 of 263 statewide, top 91%, 304 students, 65% FRL); Laconia Middle School (math 28% / reading 29%, grade F, #75 of 96 statewide, top 78%, 408 students, 47% FRL); Laconia High School (math 32% / reading 37%, grade F, #73 of 90 statewide, top 83%, 590 students, 39% FRL) — zoned schools at 50% FRL track the district average.
• Market conditions: Rents rising fast (+21.6%/yr); 188 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 301 units permitted in Belknap County in 2024 (32 in 5+ unit buildings).
• This rent runs 30% of the median local income ($73k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Belknap County population projected at -10% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 29y 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 $170k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $184,935 (7.1% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 0.93% ✗
• Cap rate: 6.07%
• Cash-on-cash: -0.79%
• DSCR: 0.96
• GRM: 9.0

CMA / ARV

• ARV (on-the-fly): $311,472
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
45 Lafayette St	0.06mi	3/1.0 (+1)	1,038 (+3%)	1mo	$375,000	$361	86
60 Fairview St	0.17mi	1/1.0 (-1)	960 (-5%)	2mo	$370,000	$385	78
64 Warren St	0.11mi	2/2.0	1,062 (+5%)	15mo	$375,000	$353	69
27 Spruce St	0.37mi	3/1.0 (+1)	1,080 (+7%)	1mo	$375,000	$347	65
56 Fairview St	0.17mi	3/1.5 (+1)	1,117 (+11%)	8mo	$315,000	$282	61
10 Carver St	0.54mi	3/1.0 (+1)	988 (-2%)	19mo	$290,000	$294	51
73 Webster St	0.62mi	3/1.0 (+1)	936 (-7%)	4mo	$289,000	$309	51
83 Webster St	0.64mi	3/1.5 (+1)	1,008 (0%)	15mo	$277,000	$275	50
33 S Main St	0.68mi	3/1.0 (+1)	960 (-5%)	7mo	$329,000	$343	50
74 Morrill St	0.67mi	1/1.0 (-1)	1,063 (+6%)	7mo	$250,000	$235	48
48 Joliet St	0.32mi	3/1.5 (+1)	1,150 (+14%)	10mo	$320,000	$278	46
19 Overland St	0.60mi	3/2.0 (+1)	1,159 (+15%)	11mo	$355,000	$306	29

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -11.6%
• Equity multiple: 0.56×
• Total profit: $-24,711
• Equity at exit: $29,672

10-year hold

• IRR: 4.1%
• Equity multiple: 1.37×
• Total profit: $20,369
• Equity at exit: $17,206

Cash invested: $55,720 (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 03246

• Home prices YoY: -19.8%
• Rents YoY: 21.6%
• Active inventory: 188
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,849 high
• Mortgage (P&I): −$1,044
• Tax from tax record: −$371 /mo · $4,455/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$388
• Net cashflow: $-37

Break-even live

Break-even rent $1,896

Max offer price $192,507

Occupancy floor 97%

Sensitivity live

Price	-10% $76	-5% $20	+0% $-37	+5% $-93	+10% $-149
Rent	-10% $-183	-5% $-110	+0% $-37	+5% $36	+10% $109
Rate	-1.0pp $63	-0.5pp $14	base $-37	+0.5pp $-88	+1.0pp $-141

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: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
43 Avery St Unit 2 Laconia, NH	2.0	1.0	1100	$2,000	$1.82	45d	1	0.33mi
24 Baldwin St Unit 3 Laconia, NH	2.0	1.0	780	$1,650	$2.12	45d	1	0.40mi
53 Messer St Unit C Laconia, NH	1.0	1.0	700	$1,750	$2.50	45d	1	0.68mi
386 Union Ave Unit 3 Laconia, NH	3.0	2.0	1288	$2,500	$1.94	45d	1	0.79mi
10 Dyer St Laconia, NH	2.0	1.0	700	$1,795	$2.56	45d	1	0.96mi
23 Chester Ct Laconia, NH	3.0	1.0	1013	$1,900	$1.88	45d	1	0.97mi

Listing history 3 events

1. 2026-06-16
   status $199,000 Pending 1 DOM
2. 2026-06-16
   remarks 699-char remark
3. 2026-06-16
   listed $199,000 Active 1 DOM

ⓘ 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: $4,455 · $371/mo
• Projected year-2 tax: $4,455 · $371/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥91°F today · 16 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 8% 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: $22,192
• − Mortgage interest: −$11,147
• − Property taxes: −$4,455
• − Insurance: −$995
• − Repairs & maintenance: −$1,775
• − Management: −$1,775
• − Depreciation: −$5,789
• Taxable loss: −$3,745
• Est. tax savings @ 24.0%: +$899
• After-tax cash flow: $458/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: Laconia School District
• NCES district ID: 3304140
• Math proficiency: 24% ▼ -8.00%
• Reading proficiency: 31% ▼ -7.00%
• Median HH income: $49,155
• Composite: 24.03/100
• National rank: #7770
• State rank: #89 of 98 in NH

Livability — Laconia

• Score: 79/100
• State rank: #20
• US rank: #2314

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Laconia, NH
• County: Belknap County · 17,103 people
• City population: 17,103
• Metro: Laconia, NH
• Population (ZIP): 17,103
• Household income: $73,241
• Rent vs Own: 35.7% rent · 64.3% own
• Severe rent burden: 722.0

Population outlook (Belknap County) Hauer SSP2

• Today (2025): 60,702 people
• By 2030: 60,353 · -0.6%
• By 2040: 58,264 · -4.0%
• By 2050: 54,533 · -10.2%
• By 2075: 45,622 · -24.8%
• By 2100: 33,772 · -44.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 4% Hispanic / Latino 3% Asian 1%
• Common ancestry: Lithuanian 17% Slovak 2% Romanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 2% French/Haitian/Cajun 2% Other Indo-European 1%

Political lean MEDSL · Belknap

• 2024 margin: R (+13.1) · D 43.1% · R 56.1%
• 2008→2024 swing: -14.2pp toward R · 2008: 1.2pp · 2024: -13.1pp
• All cycles: 2024: R+13.1 2020: R+10.4 2016: R+16.8 2012: R+5.0 2008: D+1.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -96.22%
• Current HPI: 389.8118
• Rent YoY: ▲ 21.59%
• Metro: Laconia, NH
• State GDP YoY: —
• F500 in state: 0

Price history

+149.1% since first listed

6 events — show timeline

• 2026-06-15 Listed $199,000 PrimeMLS
• 2009-11-09 Sold (MLS) $170,000 PrimeMLS
• 2009-06-25 Listed $174,900 PrimeMLS
• 1997-10-31 Sold (Public Records) $78,500 Public Records
• 1997-10-31 Sold (MLS) $78,500 PrimeMLS
• 1997-09-25 Listed $79,900 PrimeMLS

Property tax history

+2.1%/yr

Latest (2025): $4,455 · +3.9% YoY. Source: county tax records.