62 Seneca St · Rochester, NH 03867

$154,900

3 bd · 1.5 ba · 1,404 sqft · Manufactured public records · 19 Days on market

Built 2002 Est $174k · 11% under $950/mo HOA · 40% of rent

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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 +12.5/15.0
• 1% rule +10.0/10.0
• Cash flow +7.3/30.0
• Livability +4.2/5.0
• Rent growth +3.6/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• DSCR +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located in the heart of the Lilac City in a desirable 55+ Community. This home includes 3 bedrooms with an oversized primary bedroom en-suite with a 3/4 bath. The large walk-in closet supplies great storage. The home has an open feel with a spacious kitchen that includes ample cabinet and counter space and a separate breakfast nook. Plenty of room for entertaining in the open concept formal dining/living area which includes a wood pellet stove fireplace insert. Wrap it all up with a 3 season room that's facing the private backyard which includes a shed with power. Park includes a very active clubhouse with monthly, weekly and daily activities, in-ground pool, fitness room, gathering area and full kitchen! Close to shopping, restaurants, public transportation and all the Rt 11 has to offer. Take a look at this beautiful home today!

Key facts

• Breakfast nook
• Primary en-suite
• Walk-in closet

Tags

• BREAKFAST NOOK
• PRIMARY EN-SUITE
• WALK-IN CLOSET
• DINING LIVING AREA
• FIREPLACE
• PELLET STOVE INSERT

Property features AI

Finance

• Other: Located in Cocheco River Estates mobile park (park approval: yes); Mobile make/model: Titan, New England Manor; Mobile serial number on file
• HOA & community: Monthly association fee (includes landscaping, plowing, sewer, trash, water, and other services); One-time fee applicable; Association amenities include in-ground pool, recreation facility, RV parking, snow removal, trash removal, and landscaping; Road frontage maintained by association; paved

Exterior

• Parking: Paved driveway
• Utilities: Public water; Public sewer; Eversource electric with circuit breakers; Satellite internet available; Cable available; Telephone available
• Home design: Manufactured/mobile home (Manuf/Mobile); White exterior
• Construction: Vinyl siding; Asphalt shingle roof; Built in 2002
• Exterior features: Level lot; Paved driveway

Interior

• Kitchen: Kitchen with refrigerator; Electric stove; Dishwasher
• Bedrooms: Primary bedroom with private bath (first level); Two additional bedrooms (first level)
• Flooring: Carpet; Vinyl
• Bathrooms: One full bathroom (first level); One three-quarter bathroom
• Heating & cooling: Oil-fired forced air heat; Central air conditioning
• Interior features: Seven total rooms; Breakfast nook; Living/dining area; Level lot

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath manufactured listed at $155k.

Deal economics

• At list price, monthly cash flow is $-203 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $119k (23.2% below list).
• Meets the 1% rule at list price ($2k rent vs $155k).
• Recommended offer: $119k (23.2% below list) — sets the bar for cash-flow.
• Cap rate 4.7% 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.
• Zoned schools: Chamberlain Street School (math 24% / reading 27%, grade F, #227 of 263 statewide, top 86%, 298 students, 45% FRL); Rochester Middle School (math 18% / reading 27%, grade F, #85 of 96 statewide, top 89%, 847 students, 37% FRL); Spaulding High School (math 30% / reading 49%, grade F, #63 of 90 statewide, top 74%, 1,301 students, 32% FRL) — zoned schools at 38% FRL track the district average.
• Market conditions: Rents rising fast (+4.2%/yr); 109 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 951 units permitted in Strafford County in 2024 (551 in 5+ unit buildings).
• This rent runs 36% 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 $1k of loan paydown is wiped out by about $5k 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 19 days — a 2% lower offer ($153k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 16y 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.

Risks & watch-outs

• Watch-outs: HOA is 40% of rent.

Recommended offer $118,958 (23.2% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.54% ✓
• Cap rate: 4.72%
• Cash-on-cash: -5.63%
• DSCR: 0.75
• GRM: 5.4

CMA / ARV

• ARV (on-the-fly): $174,096
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
74 Seneca St	0.01mi	3/2.0	1,378 (-2%)	2mo	$144,000	$104	93
78 Seneca St	0.21mi	3/2.0	1,431 (+2%)	9mo	$200,000	$140	78
23 Monadnock Dr	0.17mi	3/2.0	1,386 (-1%)	14mo	$225,000	$162	76
19 Shiloh Dr	0.07mi	3/2.0	1,296 (-8%)	8mo	$150,000	$116	75
15 Monadnock Dr	0.16mi	3/2.0	1,440 (+3%)	14mo	$222,000	$154	74
49 Shiloh Dr	0.15mi	3/2.0	1,296 (-8%)	6mo	$155,000	$120	73
35 Seneca St	0.05mi	3/2.0	1,296 (-8%)	16mo	$180,000	$139	69
27 Tamarack Ln	0.18mi	2/2.0 (-1)	1,365 (-3%)	17mo	$169,900	$124	66
5 Monadnock Dr	0.14mi	2/2.0 (-1)	1,211 (-14%)	1mo	$108,000	$89	62
32 Monadnock Dr	0.19mi	2/2.0 (-1)	1,248 (-11%)	6mo	$120,000	$96	61
22 Cherokee Way	0.25mi	2/2.0 (-1)	1,211 (-14%)	0mo	$115,000	$95	58
44 Monadnock Dr	0.21mi	2/2.0 (-1)	1,211 (-14%)	17mo	$168,000	$139	46

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: -22.5%
• Equity multiple: 0.21×
• Total profit: $-34,446
• Equity at exit: $23,096

10-year hold

• IRR: -10.7%
• Equity multiple: 0.27×
• Total profit: $-31,579
• Equity at exit: $13,393

Cash invested: $43,372 (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: 5.4×

Monthly cashflow live

• Estimated rent: $2,378 medium
• Mortgage (P&I): −$812
• Tax from tax record: −$256 /mo · $3,066/yr
• Insurance: −$65
• HOA: −$950
• Vacancy / Maint / Mgmt: −$499
• Net cashflow: $-203

Break-even live

Break-even rent $2,636

Max offer price $118,958

Occupancy floor —

Sensitivity live

Price	-10% $-116	-5% $-160	+0% $-203	+5% $-247	+10% $-291
Rent	-10% $-391	-5% $-297	+0% $-203	+5% $-110	+10% $-16
Rate	-1.0pp $-125	-0.5pp $-164	base $-203	+0.5pp $-244	+1.0pp $-284

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: $38,725
• Closing costs: $4,647
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
36 Farmington Rd Rochester, NH	1.0–2.0	1.0	875	$2,300	$2.63	0d	1	0.19mi
9 Elm Ct Rochester, NH	2.0	1.0	1100	$2,000	$1.82	0d	1	1.10mi

HOA detail

• Monthly dues: $950 · $11,400/yr
• Likely covers: pool

Listing history 13 events

1. 2026-06-21
   days on market $154,900 Active 19 DOM
2. 2026-06-18
   days on market $154,900 Active 16 DOM
3. 2026-06-17
   days on market $154,900 Active 15 DOM
4. 2026-06-16
   days on market $154,900 Active 14 DOM
5. 2026-06-15
   days on market $154,900 Active 13 DOM
6. 2026-06-13
   days on market $154,900 Active 11 DOM
7. 2026-06-13
   days on market $154,900 Active 10 DOM
8. 2026-06-09
   days on market $154,900 Active 7 DOM
9. 2026-06-08
   days on market $154,900 Active 6 DOM
10. 2026-06-07
    days on market $154,900 Active 5 DOM
11. 2026-06-04
    days on market $154,900 Active 2 DOM
12. 2026-06-02
    remarks 479-char remark
13. 2026-06-02
    listed $154,900 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: $3,066 · $256/mo
• Projected year-2 tax: $3,221 · $268/mo
• Expected delta: +$155/yr (+$13/mo · 5.1%)

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

Taxation est. · year 1

• Rental income: $28,540
• − Mortgage interest: −$8,677
• − Property taxes: −$3,066
• − Insurance: −$774
• − Repairs & maintenance: −$2,283
• − Management: −$2,283
• − HOA: −$11,400
• − Depreciation: −$4,506
• Taxable loss: −$4,450
• Est. tax savings @ 24.0%: +$1,068
• After-tax cash flow: $-1,374/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

+51.9% since first listed

14 events — show timeline

• 2026-06-01 Listed $154,900 PrimeMLS
• 2022-01-07 Sold (MLS) $140,000 PrimeMLS
• 2022-01-06 Sold (Public Records) $140,000 Public Records
• 2021-11-19 Pending — PrimeMLS
• 2021-10-25 Relisted — PrimeMLS
• 2021-10-25 Contingent — PrimeMLS
• 2021-10-13 Listed $140,000 PrimeMLS
• 2015-08-17 Sold (MLS) $67,000 PrimeMLS
• 2015-08-16 Delisted — PrimeMLS
• 2015-06-27 Contingent — PrimeMLS
• 2015-05-28 Listed $72,400 PrimeMLS
• 2010-05-28 Sold (MLS) $77,000 PrimeMLS
• 2010-03-28 Listed $85,000 PrimeMLS
• 2002-10-01 Sold (Public Records) $102,000 Public Records

Property tax history

+3.5%/yr

Latest (2025): $3,066 · +3.0% YoY. Source: county tax records.