9 Slate Run · North Hampton, NH 03862

$279,000

2 bd · 2.0 ba · 1,038 sqft · Manufactured public records · 135 Days on market

Built 2012 Est $230k · 21% over

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Why this score? — see what drove the C 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
• DSCR +9.3/10.0
• 1% rule +6.8/10.0
• Schools +6.7/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come home to comfort, light, and effortless living at 9 Slate Run, a well-cared for 2012 Skyline manufactured home located within Granite Post Green, one of the Seacoast’s most established and welcoming communities. Thoughtfully designed and filled with natural light, this home offers a perfect blend of everyday convenience and relaxed coastal charm. The open concept kitchen and dining area features ample cabinetry and flows seamlessly into the spacious living room, creating an inviting setting for both daily living and casual entertaining. Vaulted ceilings and abundant windows enhance the bright, airy feel throughout the home. A dedicated laundry area adds to the ease of single-level living. The primary bedroom serves as a comfortable retreat with its own ¾ bath, while a second bedroom and an additional bonus room provide flexible space ideal for guests, a home office, or additional living needs. A full second bath completes the layout, offering both comfort and functionality. Step outside to enjoy a covered porch, paved driveway, and private shed, along with a peaceful surroundings. The home is also generator ready (generator not included), offering added peace of mind year-round. Conveniently located near beaches, shopping, trails, and major commuting routes, this home is a smart alternative to condo living and an excellent opportunity to enjoy the North Hampton Seacoast lifestyle. Smile, you just found your new home!

Key facts

• Covered porch
• Open concept kitchen
• Generator ready

Tags

• OPEN CONCEPT KITCHEN
• DEDICATED LAUNDRY AREA
• COVERED PORCH
• PRIVATE SHED
• GENERATOR READY

Property features AI

Finance

• Other: Lot: 80 (unit not specified); Directions: Turn right onto US-1 S/Lafayette Rd; turn right to stay on Granite Dr; turn right onto Slate Run
• HOA & community: Located in Granite Post Green development

Exterior

• Parking: Paved driveway
• Utilities: Public water; Private sewer; Circuit breaker electrical panel; High-speed internet available; Cable available; Telephone available; LP/Bottle gas available
• Home design: Manufactured/Mobile home; Facing direction not provided; Entry level not provided; Two? stories not specified
• Construction: Built in 2012; Vinyl siding; Asphalt shingle roof
• Exterior features: Landscaped lot; Near trails; Near shopping; Located in a neighborhood; Near schools; Paved driveway; Private, paved road; privately maintained

Interior

• Kitchen: Electric range; Dishwasher
• Flooring: Carpet; Laminate; Vinyl
• Bathrooms: One full bathroom; One three-quarter bathroom
• Heating & cooling: Forced air heating; Other cooling
• Interior features: Five total rooms; Carpet, laminate, and vinyl flooring
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $279k.

Deal economics

• At list price, monthly cash flow is $773 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $279k).
• Recommended offer: $246k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• North Hampton School District (rural): math 66% / reading 82% proficiency, ranked #14 of 171 in NH (top 8%) — strong family-tenant draw, lease renewals of 3-5y typical; only 7% free/reduced lunch — higher-income household profile.
• Market conditions: 28 active listings in the ZIP; 1,276 units permitted in Rockingham County in 2024 (593 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $78k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 135 days — a 12% lower offer ($246k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 10y 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.
• Current owner paid $165k; list at $279k implies a 69% gain — meaningful room to come down on a strong offer.

Recommended offer $245,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 135 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.18% ✓
• Cap rate: 9.62%
• Cash-on-cash: 11.88%
• DSCR: 1.53
• GRM: 7.0

CMA / ARV

• ARV (on-the-fly): $230,436
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7 Granite Dr	0.13mi	2/1.5	1,019 (-2%)	2mo	$177,000	$174	88
56 Oak Dr	0.33mi	3/2.0 (+1)	1,064 (+2%)	11mo	$219,000	$206	67
6 Granite Dr	0.20mi	2/2.0	924 (-11%)	12mo	$289,000	$313	63
1 Apricot Way	0.41mi	2/2.0	924 (-11%)	6mo	$135,000	$146	58
43 Granite Dr	0.13mi	2/1.0	924 (-11%)	17mo	$150,000	$162	58
10 Black Forest Rd	0.38mi	2/2.0	920 (-11%)	8mo	$295,000	$321	57
10 Lilac Way	0.33mi	2/2.0	924 (-11%)	13mo	$205,000	$222	55
39 Hickory Ave	0.45mi	3/2.0 (+1)	1,064 (+2%)	19mo	$215,000	$202	54
4 Aspen Way	0.53mi	2/2.0	1,180 (+14%)	6mo	$360,000	$305	48
20 Black Forest Rd	0.38mi	2/2.0	906 (-13%)	18mo	$170,000	$188	46
30 Greystone Way	0.55mi	2/2.0	1,188 (+14%)	7mo	$464,000	$391	44
31 Hickory Ave	0.46mi	2/2.0	924 (-11%)	19mo	$269,000	$291	44

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: 1.3%
• Equity multiple: 1.05×
• Total profit: $4,029
• Equity at exit: $41,600

10-year hold

• IRR: 11.0%
• Equity multiple: 1.86×
• Total profit: $66,890
• Equity at exit: $24,123

Cash invested: $78,120 (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 03862

• Home prices YoY: -17.5%
• Active inventory: 28
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $3,300 medium
• Mortgage (P&I): −$1,463
• Tax from tax record: −$255 /mo · $3,056/yr
• Insurance: −$116
• HOA: −$0
• Vacancy / Maint / Mgmt: −$693
• Net cashflow: $773

Break-even live

Break-even rent $2,322

Max offer price $279,000

Occupancy floor 72%

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: $69,750
• Closing costs: $8,370
• Reserves months: —
• Total cash needed: —

Listing history 27 events

1. 2026-06-18
   days on market $279,000 Active 135 DOM
2. 2026-06-17
   days on market $279,000 Active 134 DOM
3. 2026-06-16
   days on market $279,000 Active 133 DOM
4. 2026-06-15
   days on market $279,000 Active 132 DOM
5. 2026-06-13
   days on market $279,000 Active 130 DOM
6. 2026-06-13
   days on market $279,000 Active 129 DOM
7. 2026-06-09
   days on market $279,000 Active 126 DOM
8. 2026-06-08
   pricedays on market $279,000 Active 125 DOM
9. 2026-06-07
   days on market $289,000 Active 124 DOM
10. 2026-06-04
    days on market $289,000 Active 121 DOM
11. 2026-06-03
    days on market $289,000 Active 120 DOM
12. 2026-06-02
    days on market $289,000 Active 119 DOM
13. 2026-06-01
    days on market $289,000 Active 118 DOM
14. 2026-05-31
    days on market $289,000 Active 117 DOM
15. 2026-02-03
    listed $289,000 Active

    Show marketing remark (1457 chars)

    Come home to comfort, light, and effortless living at 9 Slate Run, a well-cared for 2012 Skyline manufactured home located within Granite Post Green, one of the Seacoast’s most established and welcoming communities. Thoughtfully designed and filled with natural light, this home offers a perfect blend of everyday convenience and relaxed coastal charm. The open concept kitchen and dining area features ample cabinetry and flows seamlessly into the spacious living room, creating an inviting setting for both daily living and casual entertaining. Vaulted ceilings and abundant windows enhance the bright, airy feel throughout the home. A dedicated laundry area adds to the ease of single-level living. The primary bedroom serves as a comfortable retreat with its own ¾ bath, while a second bedroom and an additional bonus room provide flexible space ideal for guests, a home office, or additional living needs. A full second bath completes the layout, offering both comfort and functionality. Step outside to enjoy a covered porch, paved driveway, and private shed, along with a peaceful surroundings. The home is also generator ready (generator not included), offering added peace of mind year-round. Conveniently located near beaches, shopping, trails, and major commuting routes, this home is a smart alternative to condo living and an excellent opportunity to enjoy the North Hampton Seacoast lifestyle. Smile, you just found your new home!

16. 2026-02-03
    listed $289,000 Active 1457-char remark

    Show marketing remark (1457 chars)

    Come home to comfort, light, and effortless living at 9 Slate Run, a well-cared for 2012 Skyline manufactured home located within Granite Post Green, one of the Seacoast’s most established and welcoming communities. Thoughtfully designed and filled with natural light, this home offers a perfect blend of everyday convenience and relaxed coastal charm. The open concept kitchen and dining area features ample cabinetry and flows seamlessly into the spacious living room, creating an inviting setting for both daily living and casual entertaining. Vaulted ceilings and abundant windows enhance the bright, airy feel throughout the home. A dedicated laundry area adds to the ease of single-level living. The primary bedroom serves as a comfortable retreat with its own ¾ bath, while a second bedroom and an additional bonus room provide flexible space ideal for guests, a home office, or additional living needs. A full second bath completes the layout, offering both comfort and functionality. Step outside to enjoy a covered porch, paved driveway, and private shed, along with a peaceful surroundings. The home is also generator ready (generator not included), offering added peace of mind year-round. Conveniently located near beaches, shopping, trails, and major commuting routes, this home is a smart alternative to condo living and an excellent opportunity to enjoy the North Hampton Seacoast lifestyle. Smile, you just found your new home!

17. 2021-10-20
    soldstatus $165,000 Closed 902-char remark

    Show marketing remark (902 chars)

    Welcome home to Granite Post Green! This move-in ready, double-wide mobile home has all you need for easy, stress-free living. You'll love the large, eat-in kitchen that opens up to the living room with plenty of windows to let the sun shine in. There is an office off of the living room with double doors that add to the open concept feel of the home. The bedrooms are located at the far end of the home and both have good sized closets. Outside you’ll find a spacious yard, a newer shed and a cute front porch – perfect for enjoying that morning cup of coffee. Other amenities include a laundry room with cabinet storage, a Generac generator and new carpet. This location is the best of both worlds – Granite Post Green is conveniently located just off of Route 1, but the home sits on a quiet, residential side street with simple, yet tasteful landscaping. Per park rules, no pets.

18. 2021-10-05
    status Pending 902-char remark

    Show marketing remark (902 chars)

    Welcome home to Granite Post Green! This move-in ready, double-wide mobile home has all you need for easy, stress-free living. You'll love the large, eat-in kitchen that opens up to the living room with plenty of windows to let the sun shine in. There is an office off of the living room with double doors that add to the open concept feel of the home. The bedrooms are located at the far end of the home and both have good sized closets. Outside you’ll find a spacious yard, a newer shed and a cute front porch – perfect for enjoying that morning cup of coffee. Other amenities include a laundry room with cabinet storage, a Generac generator and new carpet. This location is the best of both worlds – Granite Post Green is conveniently located just off of Route 1, but the home sits on a quiet, residential side street with simple, yet tasteful landscaping. Per park rules, no pets.

19. 2021-09-28
    listed $159,900 Active 902-char remark

    Show marketing remark (902 chars)

    Welcome home to Granite Post Green! This move-in ready, double-wide mobile home has all you need for easy, stress-free living. You'll love the large, eat-in kitchen that opens up to the living room with plenty of windows to let the sun shine in. There is an office off of the living room with double doors that add to the open concept feel of the home. The bedrooms are located at the far end of the home and both have good sized closets. Outside you’ll find a spacious yard, a newer shed and a cute front porch – perfect for enjoying that morning cup of coffee. Other amenities include a laundry room with cabinet storage, a Generac generator and new carpet. This location is the best of both worlds – Granite Post Green is conveniently located just off of Route 1, but the home sits on a quiet, residential side street with simple, yet tasteful landscaping. Per park rules, no pets.

20. 2017-08-04
    soldstatus $112,000
21. 2017-07-28
    soldstatus $112,000 Closed
22. 2017-06-01
    historical Active with Contract
23. 2017-05-22
    status Pending
24. 2017-04-02
    price $112,000
25. 2017-04-01
    status Active
26. 2017-04-01
    historical
27. 2016-10-22
    listed $115,000 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: $3,056 · $255/mo
• Projected year-2 tax: $4,569 · $381/mo
• Expected delta: +$1,513/yr (+$126/mo · 49.5%)

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

Taxation est. · year 1

• Rental income: $39,604
• − Mortgage interest: −$15,628
• − Property taxes: −$3,056
• − Insurance: −$1,395
• − Repairs & maintenance: −$3,168
• − Management: −$3,168
• − Depreciation: −$8,116
• Taxable income: $5,072
• Est. tax owed @ 24.0%: −$1,217
• After-tax cash flow: $8,062/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: North Hampton School District
• NCES district ID: 3305370
• Math proficiency: 66% ▲ 1.00%
• Reading proficiency: 82% ▲ 3.00%
• Median HH income: $83,171
• Composite: 66.85/100
• National rank: #883
• State rank: #14 of 171 in NH

Livability — North Hampton

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Population (ZIP): 4,563

Population outlook (Rockingham County) Hauer SSP2

• Today (2025): 316,118 people
• By 2030: 320,929 · +1.5%
• By 2040: 323,358 · +2.3%
• By 2050: 314,977 · -0.4%
• By 2075: 297,686 · -5.8%
• By 2100: 256,363 · -18.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Hispanic / Latino 4% Asian 4% Two or more races 3%
• Common ancestry: Lithuanian 8% Scotch-Irish 4% Slovak 4%
• Foreign-born: 5% · China, Canada
• Languages at home: 88% English-only · Spanish 6% Chinese 3% Other Indo-European 1%

Political lean MEDSL · Rockingham

• 2024 margin: Toss-up / Even · D 48.3% · R 50.8%
• 2008→2024 swing: -3.5pp toward R · 2008: 1.1pp · 2024: -2.4pp
• All cycles: 2024: R+2.4 2020: D+2.1 2016: R+5.8 2012: R+4.5 2008: D+1.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -81.37%
• Current HPI: 384.1561
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+151.3% since first listed

13 events — show timeline

• 2026-02-03 Listed $289,000 PrimeMLS
• 2026-02-03 Listed $289,000 PrimeMLS
• 2021-10-20 Sold (MLS) $165,000 PrimeMLS
• 2021-10-05 Pending — PrimeMLS
• 2021-09-28 Listed $159,900 PrimeMLS
• 2017-08-04 Sold (Public Records) $112,000 Public Records
• 2017-07-28 Sold (MLS) $112,000 PrimeMLS
• 2017-06-01 Contingent — PrimeMLS
• 2017-05-22 Pending — PrimeMLS
• 2017-04-02 Price Changed $112,000 PrimeMLS
• 2017-04-01 Relisted — PrimeMLS
• 2017-04-01 Delisted — PrimeMLS
• 2016-10-22 Listed $115,000 PrimeMLS

Property tax history

+5.2%/yr

Latest (2025): $3,056 · +5.1% YoY. Source: county tax records.