43 Pinewood Ave · Bethlehem, NH 03574

$139,900

3 bd · 1.5 ba · 1,117 sqft · SingleFamily public records · 26 Days on market

Built 1980 9,147 sqft lot

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Why this score? — see what drove the B+ 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 +29.1/30.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +8.8/10.0
• ARV discount +7.5/15.0
• Schools +6.1/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Start off right in this 3-bedroom cape in the quaint town of Bethlehem. Adorable home situated on an in-town lot has much to offer anyone. Newly redone kitchen and flooring just adds to this country charmer. Close to downtown and its right in the heart of the White Mountains. What more could you ask for?

Key facts

• 9,147 sq ft lot
• Built 1980
• Listed 26 days

Property features AI

Finance

• Financial info: Property is foreclosed / bank-owned / REO

Exterior

• Parking: Paved driveway
• Utilities: Public water; Public sewer; Circuit breaker electrical panel; Cable available; Internet availability unknown
• Home design: Cape-style home; Existing construction; Built in 1980
• Construction: Wood exterior; Asphalt shingle roof
• Exterior features: City lot; Paved driveway; Paved road frontage (75' road frontage)

Interior

• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Baseboard heat
• Interior features: 6 total rooms; Full unfinished walkout basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $483 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $138k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 70/100 on livability (#46 in NH) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D, amenities F, commute F.
• Profile School District (rural): math 65% / reading 75% proficiency, ranked #32 of 171 in NH (top 19%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Market conditions: 36 active listings in the ZIP; 487 units permitted in Grafton County in 2024 (127 in 5+ unit buildings).

Forward outlook

• In year one you build about $15k of equity ($967 loan paydown + $14k appreciation (10.0% local appreciation)).
• Grafton County population projected at -13% 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 $39k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($138k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 26y 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.

Recommended offer $137,801 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 1.38% ✓
• Cap rate: 10.44%
• Cash-on-cash: 14.81%
• DSCR: 1.66
• GRM: 6.0

CMA / ARV

• ARV (on-the-fly): $281,484
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
87 Jefferson St	0.09mi	2/1.0 (-1)	992 (-11%)	9mo	$250,000	$252	63
1996 Main St	0.09mi	2/1.5 (-1)	960 (-14%)	11mo	$175,000	$182	58
69 Meadow St	0.36mi	3/2.0	1,040 (-7%)	19mo	$279,000	$268	54
239 Maple St	0.58mi	3/1.0	1,260 (+13%)	20mo	$230,000	$183	33

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: 35.2%
• Equity multiple: 3.73×
• Total profit: $107,053
• Equity at exit: $126,033

10-year hold

• IRR: 30.4%
• Equity multiple: 8.43×
• Total profit: $291,199
• Equity at exit: $271,795

Cash invested: $39,172 (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 03574

• Home prices YoY: 5.4%
• Active inventory: 36
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,934 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$252 /mo · $3,029/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$406
• Net cashflow: $483

Break-even live

Break-even rent $1,322

Max offer price $139,900

Occupancy floor 70%

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-18
   status $139,900 Pending 26 DOM
2. 2026-06-17
   days on market $139,900 Active 26 DOM
3. 2026-06-16
   days on market $139,900 Active 25 DOM
4. 2026-06-15
   days on market $139,900 Active 24 DOM
5. 2026-06-13
   days on market $139,900 Active 22 DOM
6. 2026-06-12
   days on market $139,900 Active 21 DOM
7. 2026-06-09
   days on market $139,900 Active 18 DOM
8. 2026-06-08
   days on market $139,900 Active 17 DOM
9. 2026-06-07
   days on market $139,900 Active 16 DOM
10. 2026-06-07
    days on market $139,900 Active 15 DOM
11. 2026-06-04
    days on market $139,900 Active 12 DOM
12. 2026-06-02
    days on market $139,900 Active 11 DOM
13. 2026-06-01
    days on market $139,900 Active 10 DOM
14. 2026-05-31
    days on market $139,900 Active 9 DOM
15. 2026-05-22
    listed $139,900 Active
16. 2008-07-03
    soldstatus $136,500
17. 2008-07-01
    soldstatus $136,500 305-char remark

    Show marketing remark (305 chars)

    Start off right in this 3-bedroom cape in the quaint town of Bethlehem. Adorable home situated on an in-town lot has much to offer anyone. Newly redone kitchen and flooring just adds to this country charmer. Close to downtown and its right in the heart of the White Mountains. What more could you ask for?

18. 2008-01-10
    listed $148,900 305-char remark

    Show marketing remark (305 chars)

    Start off right in this 3-bedroom cape in the quaint town of Bethlehem. Adorable home situated on an in-town lot has much to offer anyone. Newly redone kitchen and flooring just adds to this country charmer. Close to downtown and its right in the heart of the White Mountains. What more could you ask for?

19. 2005-08-19
    soldstatus $100,000 211-char remark

    Show marketing remark (211 chars)

    Cozy home in established neighborhood w/ i walking distance to village amenities. First floor bdrm and bath, second flr offers a loft bdrm, 1/2 bath 2nd bdrm. Walkout bsmt part. fin. - perfect for fam/game room.

20. 2005-08-19
    soldstatus $100,000

    Show marketing remark (211 chars)

    Cozy home in established neighborhood w/ i walking distance to village amenities. First floor bdrm and bath, second flr offers a loft bdrm, 1/2 bath 2nd bdrm. Walkout bsmt part. fin. - perfect for fam/game room.

21. 2005-06-15
    listed $118,000 211-char remark

    Show marketing remark (211 chars)

    Cozy home in established neighborhood w/ i walking distance to village amenities. First floor bdrm and bath, second flr offers a loft bdrm, 1/2 bath 2nd bdrm. Walkout bsmt part. fin. - perfect for fam/game room.

22. 2000-08-09
    soldstatus $65,000
23. 2000-05-15
    listed $68,900

ⓘ 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: $3,029 · $252/mo
• Projected year-2 tax: $3,039 · $253/mo
• Expected delta: +$10/yr (+$1/mo · 0.3%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 1/10 Low 7 d/yr ≥88°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% 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: $23,205
• − Mortgage interest: −$7,837
• − Property taxes: −$3,029
• − Insurance: −$700
• − Repairs & maintenance: −$1,856
• − Management: −$1,856
• − Depreciation: −$4,070
• Taxable income: $3,858
• Est. tax owed @ 24.0%: −$926
• After-tax cash flow: $4,874/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: Profile School District
• NCES district ID: 3305830
• Math proficiency: 65% ▲ 10.00%
• Reading proficiency: 75% ▲ 15.00%
• Median HH income: $49,612
• Composite: 60.51/100
• National rank: #1687
• State rank: #32 of 171 in NH

Livability — Bethlehem

• Score: 70/100
• State rank: #46
• US rank: #7594

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bethlehem, NH
• Population (ZIP): 2,545

Population outlook (Grafton County) Hauer SSP2

• Today (2025): 88,798 people
• By 2030: 87,131 · -1.9%
• By 2040: 82,000 · -7.7%
• By 2050: 77,064 · -13.2%
• By 2075: 68,769 · -22.6%
• By 2100: 61,631 · -30.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (97%)
• Race & ethnicity: White 97% Hispanic / Latino 2%
• Common ancestry: Lithuanian 9% Serbian 7% Romanian 4%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · French/Haitian/Cajun 3%

Political lean MEDSL · Grafton

• 2024 margin: D (+19.9) · D 59.4% · R 39.4% · Other 1.2%
• 2008→2024 swing: -7.8pp toward R · 2008: 27.7pp · 2024: 19.9pp
• All cycles: 2024: D+19.9 2020: D+24.6 2016: D+19.0 2012: D+23.8 2008: D+27.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 19.51%
• Current HPI: 381.5419
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+103.0% since first listed

9 events — show timeline

• 2026-05-22 Listed $139,900 PrimeMLS
• 2008-07-03 Sold (Public Records) $136,500 Public Records
• 2008-07-01 Sold (MLS) $136,500 PrimeMLS
• 2008-01-10 Listed $148,900 PrimeMLS
• 2005-08-19 Sold (Public Records) $100,000 Public Records
• 2005-08-19 Sold (MLS) $100,000 PrimeMLS
• 2005-06-15 Listed $118,000 PrimeMLS
• 2000-08-09 Sold (MLS) $65,000 PrimeMLS
• 2000-05-15 Listed $68,900 PrimeMLS

Property tax history

+1.5%/yr

Latest (2025): $3,029 · -5.8% YoY. Source: county tax records.