606 Rockingham St · Berlin, NH 03570

$120,000

3 bd · 1.0 ba · 1,001 sqft · SingleFamily public records · 310 Days on market

Built 1918 4,791 sqft lot $120/sqft · 16% below area Est $143k · 16% under ↓ 7% since listing

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Why this score? — see what drove the A- 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 +28.8/30.0
• ARV discount +14.7/15.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +8.5/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0

Listing remarks MLS

Cozy three-bedroom home on a corner lot, conveniently located close to trails, parks, and downtown. The outside features a covered porch, oversized driveway for all of your vehicles and recreational toys, and a yard that receives plenty of sunshine for a garden or entertainment. Enjoy an inviting dining area and laundry hookups on the main level. Bring your creativity and put your personal touch on this welcoming home that has been lovingly cared for by the same family for 40 years. This would make an excellent first home or investment property. * All financing options will be considered.

Key facts

• Covered porch
• Oversized driveway
• Corner lot

Tags

• CORNER LOT
• COVERED PORCH
• OVERSIZED DRIVEWAY
• LAUNDRY HOOKUPS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $337 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Recommended offer: $106k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.3% vs local median 7.1% in Berlin — 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 66/100 on livability (#67 in NH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, crime A-, housing A-; Watch: schools D, amenities F, commute F.
• Berlin School District (town): math 24% / reading 30% proficiency, ranked #91 of 98 in NH (top 93%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 100 active listings in the ZIP; 95 units permitted in Coos County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $13k of equity ($830 loan paydown + $12k appreciation (10.0% local appreciation)).
• Coos County population projected at -19% 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 $34k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 310 days — a 12% lower offer ($106k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1918 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $105,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 310 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1918 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 1.35% ✓
• Cap rate: 10.33%
• Cash-on-cash: 14.42%
• DSCR: 1.64
• GRM: 6.2

CMA / ARV

• ARV (median comp): $142,816
• List price: $120,000
• Delta: -15.98%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
85 Grafton St	0.16mi	3/1.0	968 (-3%)	3mo	$30,000	$31	84
407 Coos St	0.32mi	3/1.5	1,064 (+6%)	2mo	$195,000	$183	70
324 Coos St	0.19mi	3/1.0	1,088 (+9%)	10mo	$179,890	$165	68
579 Burgess St	0.12mi	4/1.0 (+1)	1,081 (+8%)	16mo	$120,000	$111	63
630 Howland St	0.44mi	3/1.5	1,123 (+12%)	13mo	$215,000	$191	47
448 Burgess St	0.24mi	2/2.0 (-1)	1,123 (+12%)	19mo	$124,000	$110	44
84 Summer St	0.57mi	2/2.0 (-1)	1,124 (+12%)	8mo	$110,000	$98	37

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: 33.2%
• Equity multiple: 3.59×
• Total profit: $86,928
• Equity at exit: $108,106

10-year hold

• IRR: 28.6%
• Equity multiple: 8.12×
• Total profit: $239,291
• Equity at exit: $233,134

Cash invested: $33,600 (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 03570

• Home prices YoY: 14.3%
• Active inventory: 100
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,624 medium
• Mortgage (P&I): −$629
• Tax from tax record: −$200 /mo · $2,399/yr
• Insurance: −$50
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$341
• Net cashflow: $337

Break-even live

Break-even rent $1,197

Max offer price $120,000

Occupancy floor 74%

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-18
   days on market $120,000 Active 310 DOM
2. 2026-06-17
   days on market $120,000 Active 309 DOM
3. 2026-06-16
   days on market $120,000 Active 308 DOM
4. 2026-06-15
   days on market $120,000 Active 307 DOM
5. 2026-06-13
   days on market $120,000 Active 305 DOM
6. 2026-06-12
   pricedays on market $120,000 Active 304 DOM
7. 2026-06-09
   days on market $140,000 Active 301 DOM
8. 2026-06-08
   days on market $140,000 Active 300 DOM
9. 2026-06-07
   days on market $140,000 Active 299 DOM
10. 2026-06-07
    days on market $140,000 Active 298 DOM
11. 2026-06-04
    days on market $140,000 Active 295 DOM
12. 2026-06-02
    days on market $140,000 Active 294 DOM
13. 2026-06-01
    days on market $140,000 Active 293 DOM
14. 2026-05-31
    days on market $140,000 Active 292 DOM
15. 2026-05-12
    price $140,000 595-char remark

    Show marketing remark (595 chars)

    Cozy three-bedroom home on a corner lot, conveniently located close to trails, parks, and downtown. The outside features a covered porch, oversized driveway for all of your vehicles and recreational toys, and a yard that receives plenty of sunshine for a garden or entertainment. Enjoy an inviting dining area and laundry hookups on the main level. Bring your creativity and put your personal touch on this welcoming home that has been lovingly cared for by the same family for 40 years. This would make an excellent first home or investment property. * All financing options will be considered.

16. 2025-08-12
    listed $149,900 Active 595-char remark

    Show marketing remark (595 chars)

    Cozy three-bedroom home on a corner lot, conveniently located close to trails, parks, and downtown. The outside features a covered porch, oversized driveway for all of your vehicles and recreational toys, and a yard that receives plenty of sunshine for a garden or entertainment. Enjoy an inviting dining area and laundry hookups on the main level. Bring your creativity and put your personal touch on this welcoming home that has been lovingly cared for by the same family for 40 years. This would make an excellent first home or investment property. * All financing options will be considered.

ⓘ 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: $2,399 · $200/mo
• Projected year-2 tax: $2,508 · $209/mo
• Expected delta: +$108/yr (+$9/mo · 4.5%)

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 8 d/yr ≥85°F today · 18 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% 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: $19,487
• − Mortgage interest: −$6,722
• − Property taxes: −$2,399
• − Insurance: −$1,398
• − Repairs & maintenance: −$1,559
• − Management: −$1,559
• − Depreciation: −$3,491
• Taxable income: $2,360
• Est. tax owed @ 24.0%: −$566
• After-tax cash flow: $3,480/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: Berlin School District
• NCES district ID: 3301860
• Math proficiency: 24% ▼ -5.00%
• Reading proficiency: 30% ▼ -12.00%
• Median HH income: $37,494
• Composite: 22.5/100
• National rank: #8095
• State rank: #91 of 98 in NH

Livability — Berlin

• Score: 66/100
• State rank: #67
• US rank: #11665

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Berlin, NH
• City population: 9,473
• Population (ZIP): 9,473

Population outlook (Coos County) Hauer SSP2

• Today (2025): 30,912 people
• By 2030: 29,872 · -3.4%
• By 2040: 27,449 · -11.2%
• By 2050: 25,049 · -19.0%
• By 2075: 19,584 · -36.6%
• By 2100: 13,818 · -55.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Hispanic / Latino 5% Black 4% Two or more races 4%
• Common ancestry: Lithuanian 21% German 2% Romanian 2%
• Foreign-born: 3% · Canada, Jamaica
• Languages at home: 88% English-only · French/Haitian/Cajun 8% Spanish 4%

Political lean MEDSL · Coos

• 2024 margin: R (+13.8) · D 42.7% · R 56.5%
• 2008→2024 swing: -32.1pp toward R · 2008: 18.3pp · 2024: -13.8pp
• All cycles: 2024: R+13.8 2020: R+5.9 2016: R+9.1 2012: D+17.6 2008: D+18.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 55.16%
• Current HPI: 440.9127
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-6.6% since first listed

2 events — show timeline

• 2026-05-12 Price Changed $140,000 PrimeMLS
• 2025-08-12 Listed $149,900 PrimeMLS

Property tax history

+3.0%/yr

Latest (2025): $2,399 · +8.7% YoY. Source: county tax records.