545 Elm St #34 · Milford, NH 03055

$199,900

3 bd · 2.0 ba · 1,152 sqft · Manufactured public records · 1 Days on market

Built 1989 Est $240k · 17% 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 +26.9/30.0
• ARV discount +15.0/15.0
• DSCR +9.3/10.0
• 1% rule +7.0/10.0
• Schools +3.8/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Spacious 3-bedroom 2-bath mobile home offering an opportunity for affordable home ownership in Milford! This 1989 doublewide home features an open concept living room, dining area and kitchen with ample counter & cabinet space and each bedroom has a really nicely sized walk-in closet!. The primary bedroom and bathroom are on one end of the home, and two additional bedrooms and the full bath are on the other. Mudroom/laundry area with washer/dryer as well. PRIVATE deck off the back and a small shed and this truly is on one of the nicest lots in the park!. The little corner lot is level and low maintenance and it is all located in a small, quiet park close to all of Milford's shopping a

Key facts

• Private deck
• Walk-in closet
• Small shed

Tags

• OPEN CONCEPT LIVING ROOM
• WALK-IN CLOSET
• PRIVATE DECK
• SMALL SHED
• LEVEL LOT

Property features AI

Finance

• Other: Located in a mobile home park (Milhaven Park)
• HOA & community: Fees include trash and park rent

Exterior

• Parking: Dirt driveway
• Utilities: Public water; Public sewer; Eversource electric with circuit breakers; High-speed internet available; Cable available (Comcast); Phone service via Comcast
• Home design: Manufactured home (mobile); Vinyl siding; White exterior; Shingle (asphalt) roof; Located in a mobile home park (Milhaven Park); park approval granted; Unit/Lot #34; Built in 1989
• Construction: Manufactured construction; Vinyl siding; Asphalt shingle roof; Year built: 1989
• Exterior features: Corner lot; Level lot; Dirt driveway

Interior

• Kitchen: Kitchen (12 x 10); Dishwasher; Gas range with exhaust hood; Refrigerator
• Bedrooms: Master bedroom (level 1); Bedroom (12 x 10, level 1); Bedroom (11 x 11, level 1)
• Flooring: Carpet; Vinyl
• Bathrooms: One full bathroom; One three-quarter bathroom
• Heating & cooling: Hot air heating
• Interior features: Six total rooms; Carpet and vinyl flooring
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $200k.

Deal economics

• At list price, monthly cash flow is $125 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Cap rate 9.6% vs local median 2.5% in Milford — 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 70/100 on livability (#45 in NH) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment B; Watch: amenities F, commute F, health & safety D-.
• Milford School District (suburban): math 35% / reading 50% proficiency, ranked #57 of 98 in NH (top 58%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 16% free/reduced lunch — higher-income household profile.
• Market conditions: 42 active listings in the ZIP; solid renter incomes; 981 units permitted in Hillsborough County in 2024 (381 in 5+ unit buildings).

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.
• Hillsborough County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

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

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); major wind risk, 27% chance of damaging wind over 30y — expect insurance premiums to compound above CPI over the hold.

Recommended offer $199,900

Questions for the listing agent

1. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.20% ✓
• Cap rate: 9.60%
• Cash-on-cash: 11.82%
• DSCR: 1.53
• GRM: 7.0

CMA / ARV

• ARV (on-the-fly): $239,616
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
545 Elm St #4	0.00mi	3/2.0	1,104 (-4%)	0mo	$229,900	$208	93
545 Elm St #11	0.00mi	3/2.0	1,188 (+3%)	13mo	$215,000	$181	84

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -11.9%
• Equity multiple: 0.57×
• Total profit: $-24,162
• Equity at exit: $29,806

10-year hold

• IRR: -2.5%
• Equity multiple: 0.83×
• Total profit: $-9,685
• Equity at exit: $17,284

Cash invested: $55,972 (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 03055

• Active inventory: 42
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $2,395 medium
• Mortgage (P&I): −$1,048
• Tax from tax record: −$209 /mo · $2,505/yr
• Insurance: −$83
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$503
• Net cashflow: $125

Break-even live

Break-even rent $2,237

Max offer price $199,900

Occupancy floor 90%

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Listing history 2 events

1. 2026-06-18
   remarks 695-char remark
2. 2026-06-18
   listed $199,900 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: $2,505 · $209/mo
• Projected year-2 tax: $3,431 · $286/mo
• Expected delta: +$926/yr (+$77/mo · 37.0%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone AE · 21% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥95°F today · 17 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,736
• − Mortgage interest: −$11,198
• − Property taxes: −$2,505
• − Insurance: −$6,118
• − Repairs & maintenance: −$2,299
• − Management: −$2,299
• − Depreciation: −$5,815
• Taxable loss: −$1,497
• Est. tax savings @ 24.0%: +$359
• After-tax cash flow: $1,859/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: Milford School District
• NCES district ID: 3304830
• Math proficiency: 35% ▼ -18.00%
• Reading proficiency: 50% ▼ -6.00%
• Median HH income: $67,496
• Composite: 38.18/100
• National rank: #4262
• State rank: #57 of 98 in NH

Livability — Milford

• Score: 70/100
• State rank: #45
• US rank: #7432

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Hillsborough County · 309,362 people
• City population: 16,337
• Metro: Manchester-Nashua, NH
• Population (ZIP): 16,337
• Household income: $97,768
• Rent vs Own: 35.1% rent · 64.9% own
• Severe rent burden: 495.0

Population outlook (Hillsborough County) Hauer SSP2

• Today (2025): 412,771 people
• By 2030: 410,974 · -0.4%
• By 2040: 399,959 · -3.1%
• By 2050: 381,542 · -7.6%
• By 2075: 339,855 · -17.7%
• By 2100: 289,270 · -29.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Two or more races 8% Hispanic / Latino 2% Asian 2%
• Common ancestry: Lithuanian 11% Estonian 4% Slovak 3%
• Foreign-born: 7% · Canada, China
• Languages at home: 91% English-only · Other Indo-European 4% Spanish 1% Other Asian/Pacific 1%

Political lean MEDSL · Hillsborough

• 2024 margin: Toss-up / Even · D 50.9% · R 48.0% · Other 1.0%
• 2008→2024 swing: -0.9pp no change · 2008: 3.8pp · 2024: 2.9pp
• All cycles: 2024: D+2.9 2020: D+7.7 2016: R+0.2 2012: D+1.7 2008: D+3.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -111.91%
• Current HPI: 207.1058
• Rent YoY: —
• Metro: Manchester-Nashua, NH
• State GDP YoY: —
• F500 in state: 0

Price history

+0.0% since first listed

2 events — show timeline

• 2026-06-18 Listed $199,900 PrimeMLS
• 2025-11-05 Price Changed $199,900 PrimeMLS

Property tax history

+4.9%/yr

Latest (2025): $2,505 · +9.5% YoY. Source: county tax records.