19 Pine St · Rochester, NH 03867

$225,000

3 bd · 1.0 ba · 1,650 sqft · SingleFamily public records · 25 Days on market

Built 1901 2,178 sqft lot Est $419k · 46% under

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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 +23.7/30.0
• ARV discount +15.0/15.0
• DSCR +7.6/10.0
• 1% rule +6.2/10.0
• Livability +4.2/5.0
• Rent growth +3.6/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This property is eligible under the First Look Initiative. All Owner Occupant offers will be responded to after 7 days on the market and Investor offers will be responded to after 30 days. However, all offers can be submitted during the First Look period. It's time to bring this home back to life. With over 1600 SQ ft of living space over 2 stories. This home offers 3 bedrooms, 1 bathroom, living room, dining room, and a spacious kitchen. A viewing release must be signed and returned to our office before showing this property.

Key facts

• 2,178 sq ft lot
• Built 1901
• Listed 24 days

Property features AI

Finance

• Other: Lot number 158; Easement information unknown; Survey status unknown; Located downtown Rochester (directions: Downtown Rochester to N. Main St., left on Pine St.; house is on the right)
• Financial info: Property is foreclosed / bank-owned / REO

Exterior

• Utilities: Public water; Public sewer; Circuit breaker electrical service; No internet service listed
• Home design: New Englander architectural style; Existing single-family structure; Yellow exterior; Shingle roof
• Construction: Wood frame construction; Built in 1901
• Exterior features: Located in town; In-town lot

Interior

• Bathrooms: One three-quarter bathroom
• Heating & cooling: Forced air heating
• Interior features: Six total rooms; Unfinished walk-up basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $426 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $225k).
• Recommended offer: $222k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.6% vs local median 3.3% in Rochester — 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 84/100 on livability (#8 in NH, #698 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, cost of living A+; Watch: amenities C-.
• Rochester School District (suburban): math 27% / reading 35% proficiency, ranked #83 of 98 in NH (top 85%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+4.2%/yr); 109 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 951 units permitted in Strafford County in 2024 (551 in 5+ unit buildings).
• This rent runs 39% of the median local income ($79k/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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Strafford County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($222k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1901 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $221,625 (1.5% below list)

Questions for the listing agent

1. Built in 1901 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.12% ✓
• Cap rate: 8.57%
• Cash-on-cash: 8.12%
• DSCR: 1.36
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $419,100
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11 Lyons St	0.51mi	3/1.0	1,680 (+2%)	0mo	$453,000	$270	73
51 Chestnut St	0.19mi	2/2.0 (-1)	1,613 (-2%)	8mo	$311,000	$193	71
34 Leonard St	0.58mi	3/1.5	1,652 (+0%)	11mo	$420,000	$254	62
33 Linden St	0.74mi	3/2.0	1,648 (-0%)	1mo	$473,500	$287	61
81 Washington St	0.44mi	3/1.5	1,775 (+8%)	5mo	$390,000	$220	61
1 Farrington St	0.71mi	3/1.5	1,616 (-2%)	4mo	$370,000	$229	58
5 Saint James Ter	0.75mi	3/1.5	1,600 (-3%)	1mo	$530,000	$331	58
7 Amanda St	0.54mi	3/2.0	1,755 (+6%)	10mo	$490,000	$279	52
157 Wakefield St	0.74mi	4/2.0 (+1)	1,662 (+1%)	5mo	$300,000	$181	51
99 Washington St	0.52mi	2/1.5 (-1)	1,444 (-12%)	2mo	$380,000	$263	46
3 Fortier Dr	0.49mi	3/2.0	1,831 (+11%)	11mo	$379,000	$207	46
21 Lois St	0.45mi	4/1.5 (+1)	1,883 (+14%)	9mo	$215,000	$114	41

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 · 4.22% rent growth · sell at horizon

5-year hold

• IRR: -2.5%
• Equity multiple: 0.90×
• Total profit: $-6,120
• Equity at exit: $33,548

10-year hold

• IRR: 8.5%
• Equity multiple: 1.68×
• Total profit: $43,035
• Equity at exit: $19,454

Cash invested: $63,000 (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 03867

• Home prices YoY: -22.0%
• Rents YoY: 4.2%
• Active inventory: 109
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $2,527 high
• Mortgage (P&I): −$1,180
• Tax from tax record: −$297 /mo · $3,559/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$531
• Net cashflow: $426

Break-even live

Break-even rent $1,988

Max offer price $225,000

Occupancy floor 78%

Sensitivity live

Price	-10% $554	-5% $490	+0% $426	+5% $363	+10% $299
Rent	-10% $227	-5% $326	+0% $426	+5% $526	+10% $626
Rate	-1.0pp $540	-0.5pp $484	base $426	+0.5pp $368	+1.0pp $309

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10 Gagne St Rochester, NH	2.0	1.5	1500	$2,400	$1.60	0d	1	0.21mi
20 Fownes Mill Ct Rochester, NH	2.0	2.0	1200	$2,350	$1.96	44d	1	0.23mi
20 Fownes Mill Ct Rochester, NH	2.0	2.0	1200	$2,300	$1.92	25d	1	0.23mi
58 Washington St Rochester, NH	3.0	1.0	1120	$2,300	$2.05	6d	1	0.34mi
12 Beaver Way Unit 101 Rochester, NH	2.0	1.5	1375	$2,000	$1.45	25d	1	0.46mi
27 Knight St Unit 2 Rochester, NH	3.0	1.0	1400	$2,000	$1.43	44d	1	0.56mi
7 Springfield Est Rochester, NH	2.0	1.5	1200	$2,200	$1.83	0d	1	0.64mi
51 Eastern Ave Rochester, NH	3.0	2.0	1957	$3,295	$1.68	6d	1	0.72mi
32 Emerson Ave Rochester, NH	3.0	2.5	1525	$3,350	$2.20	0d	7	1.00mi
36 Hawthorne Way Unit F Rochester, NH	3.0	2.5	1525	$3,250	$2.13	44d	1	1.01mi
36 Hawthorne Way Unit D Rochester, NH	3.0	2.5	1525	$3,250	$2.13	5d	1	1.01mi
18 Hawthorne Way Unit F Rochester, NH	3.0	2.5	1525	$3,250	$2.13	44d	1	1.15mi
43 Monroe Dr Unit 3 Rochester, NH	3.0	2.5	1675	$2,936	$1.75	25d	1	1.18mi
63 Monroe Dr Unit 8 Rochester, NH	3.0	2.0	1525	$2,833	$1.86	25d	1	1.22mi
6 Truman Cir Rochester, NH	3.0	2.5	1675	$2,936	$1.75	0d	1	1.24mi
64 Monroe Dr Unit 5 Rochester, NH	3.0	2.5	1675	$2,936	$1.75	44d	1	1.25mi
9 Elm Ct Rochester, NH	2.0	1.0	1100	$2,000	$1.82	0d	1	1.45mi

Listing history 16 events

1. 2026-06-21
   days on market $225,000 Active 25 DOM
2. 2026-06-18
   days on market $225,000 Active 22 DOM
3. 2026-06-17
   days on market $225,000 Active 21 DOM
4. 2026-06-16
   days on market $225,000 Active 20 DOM
5. 2026-06-15
   days on market $225,000 Active 19 DOM
6. 2026-06-13
   days on market $225,000 Active 17 DOM
7. 2026-06-13
   days on market $225,000 Active 16 DOM
8. 2026-06-09
   days on market $225,000 Active 13 DOM
9. 2026-06-08
   days on market $225,000 Active 12 DOM
10. 2026-06-07
    days on market $225,000 Active 11 DOM
11. 2026-06-04
    days on market $225,000 Active 8 DOM
12. 2026-06-03
    days on market $225,000 Active 7 DOM
13. 2026-06-02
    days on market $225,000 Active 6 DOM
14. 2026-06-01
    days on market $225,000 Active 5 DOM
15. 2026-05-31
    days on market $225,000 Active 4 DOM
16. 2026-05-27
    listed $225,000 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: $3,559 · $297/mo
• Projected year-2 tax: $4,232 · $353/mo
• Expected delta: +$673/yr (+$56/mo · 18.9%)

ⓘ 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 4/10 Moderate 7 d/yr ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 18% 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: $30,328
• − Mortgage interest: −$12,603
• − Property taxes: −$3,559
• − Insurance: −$1,125
• − Repairs & maintenance: −$2,426
• − Management: −$2,426
• − Depreciation: −$6,545
• Taxable income: $1,642
• Est. tax owed @ 24.0%: −$394
• After-tax cash flow: $4,722/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: Rochester School District
• NCES district ID: 3305940
• Math proficiency: 27% ▼ -15.00%
• Reading proficiency: 35% ▼ -14.00%
• Median HH income: $51,080
• Composite: 27.11/100
• National rank: #7039
• State rank: #83 of 98 in NH

Livability — Rochester

• Score: 84/100
• State rank: #8
• US rank: #698

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rochester, NH
• County: Strafford County · 75,181 people
• City population: 22,732
• Metro: Boston-Cambridge-Newton, MA-NH
• Population (ZIP): 22,732
• Household income: $78,674
• Rent vs Own: 37.4% rent · 62.6% own
• Severe rent burden: 663.0

Population outlook (Strafford County) Hauer SSP2

• Today (2025): 132,503 people
• By 2030: 135,377 · +2.2%
• By 2040: 139,609 · +5.4%
• By 2050: 141,803 · +7.0%
• By 2075: 149,280 · +12.7%
• By 2100: 148,667 · +12.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 4% Hispanic / Latino 2% Asian 1%
• Common ancestry: Lithuanian 12% Romanian 2% Serbian 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 1% French/Haitian/Cajun 1%

Political lean MEDSL · Strafford

• 2024 margin: D (+12.1) · D 55.5% · R 43.5% · Other 1.0%
• 2008→2024 swing: -8.3pp toward R · 2008: 20.4pp · 2024: 12.1pp
• All cycles: 2024: D+12.1 2020: D+15.2 2016: D+8.6 2012: D+14.5 2008: D+20.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -107.34%
• Current HPI: 379.5755
• Rent YoY: ▲ 4.22%
• Metro: Boston-Cambridge-Newton, MA-NH
• State GDP YoY: —
• F500 in state: 0

Price history

1 event — show timeline

• 2026-05-27 Listed $225,000 PrimeMLS

Property tax history

+4.0%/yr

Latest (2025): $3,559 · +3.0% YoY. Source: county tax records.