The Ridge Plan · Litchfield, NH 03052

$369,900

3 bd · 2.0 ba · 1,493 sqft · SingleFamily · 70 Days on market

Good condition

---

Why this score? — see what drove the F 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 +7.5/15.0
• Cash flow +6.5/30.0
• Schools +4.5/10.0
• Condition / age +4.0/5.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• 1% rule +1.6/10.0
• DSCR +0.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Perfectly designed for comfortable, stylish living, The Ridge offers 1,493 square feet of modern single-level elegance tucked into a quiet, wooded community in Litchfield, NH. Whether you're downsizing, starting out, or simply looking for low-maintenance living without compromise, The Ridge delivers on every front. At the center of this home is a chef-inspired kitchen featuring stainless steel Whirlpool® appliances, smooth-top range, dishwasher, and a double-bowl sink with pull-down faucet. A stunning beverage center with accent wall, floor-to-ceiling cabinetry, and designer pendant lights over the island make this kitchen as functional as it is beautiful. The open-concept living room features a designer TV accent wall and flows seamlessly into the dining area, creating a warm, inviting space perfect for everyday living and entertaining. Premium Congoleum® wood-tone vinyl flooring runs throughout the entire home for a cohesive, polished look. Smart, energy-efficient features include a Honeywell® Smart Thermostat and quality construction throughout - all backed by an industry-leading 7-Year Limited Warranty. ✔ 3 Bedrooms | 2 Bathrooms ✔ Open-Concept Living with Beverage Center & Accent Walls ✔ Whirlpool® Stainless Steel Appliances ✔ Congoleum® Vinyl Flooring Throughout ✔ Smart Thermostat Included ✔ 7-Year Limited Warranty ✔ New Construction | Private Wooded Lots ✔ Optional Garage Available

Key facts

• Beverage center
• Private wooded lots
• Smart thermostat

Tags

• CHEF INSPIRED KITCHEN
• BEVERAGE CENTER
• PREMIUM VINYL FLOORING
• SMART THERMOSTAT
• PRIVATE WOODED LOTS

🏗️ New construction. The $369,900 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $530,515.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $370k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-901 ($-11k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $350k (5.4% below list).
• Recommended offer: $348k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade F — affects rentability + tenant quality, not the cash-flow math above.
• Litchfield School District (rural): math 38% / reading 56% proficiency, ranked #34 of 98 in NH (top 35%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 7% free/reduced lunch — higher-income household profile.
• Market conditions: 52 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $4k of loan paydown is wiped out by about $16k 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

• It's been on market 70 days — a 6% lower offer ($348k) is reasonable based on typical stale-listing flexibility.

Recommended offer $347,706 (6.0% 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. It's been on market 70 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 0.66% ✗
• Cap rate: 4.25%
• Cash-on-cash: -7.28%
• DSCR: 0.68
• GRM: 12.6

CMA / ARV

• ARV (median comp): $530,515
• List price: $369,900
• Delta: -30.28%
• Verdict: UNDERPRICED
• Comps: 19 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11 Charles Bancroft Hwy	0.12mi	2/2.0 (-1)	1,540 (+3%)	7mo	$528,000	$343	78
36 Charles Bancroft Hwy	0.25mi	3/1.0	1,328 (-11%)	6mo	$500,000	$377	61
11 Rotterdam Dr	0.63mi	3/2.0	1,432 (-4%)	6mo	$550,000	$384	59
16 Plaza Ave Unit B	0.39mi	3/1.5	1,358 (-9%)	14mo	$407,000	$300	54
277 Webster St	0.47mi	4/2.0 (+1)	1,586 (+6%)	23mo	$540,000	$340	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: -29.0%
• Equity multiple: 0.04×
• Total profit: $-143,316
• Equity at exit: $79,101

10-year hold

• IRR: -28.9%
• Equity multiple: -0.34×
• Total profit: $-198,497
• Equity at exit: $45,869

Cash invested: $148,544 (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 03052

• Home prices YoY: -13.9%
• Active inventory: 52
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $3,500 medium
• Mortgage (P&I): −$2,782
• Tax est. 1.5%: −$663 /mo · $7,958/yr
• Insurance: −$221
• HOA: −$0
• Vacancy / Maint / Mgmt: −$735
• Net cashflow: $-901

Break-even live

Break-even rent $4,641

Max offer price $400,100

Occupancy floor —

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: $132,629
• Closing costs: $15,915
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7 Swift Ln Merrimack, NH	2.0	1.5	1544	$3,500	$2.27	43d	1	1.18mi

Listing history 16 events

1. 2026-06-18
   days on market $369,900 Active 70 DOM
2. 2026-06-17
   days on market $369,900 Active 69 DOM
3. 2026-06-16
   days on market $369,900 Active 68 DOM
4. 2026-06-15
   days on market $369,900 Active 67 DOM
5. 2026-06-14
   days on market $369,900 Active 65 DOM
6. 2026-06-10
   days on market $369,900 Active 62 DOM
7. 2026-06-09
   days on market $369,900 Active 61 DOM
8. 2026-06-08
   days on market $369,900 Active 60 DOM
9. 2026-06-07
   days on market $369,900 Active 59 DOM
10. 2026-06-03
    days on market $369,900 Active 55 DOM
11. 2026-06-02
    days on market $369,900 Active 54 DOM
12. 2026-06-01
    days on market $369,900 Active 53 DOM
13. 2026-05-31
    days on market $369,900 Active 52 DOM
14. 2026-05-30
    days on market $369,900 Active 51 DOM
15. 2026-05-19
    price $369,900 1437-char remark

    Show marketing remark (1437 chars)

    Perfectly designed for comfortable, stylish living, The Ridge offers 1,493 square feet of modern single-level elegance tucked into a quiet, wooded community in Litchfield, NH. Whether you're downsizing, starting out, or simply looking for low-maintenance living without compromise, The Ridge delivers on every front. At the center of this home is a chef-inspired kitchen featuring stainless steel Whirlpool® appliances, smooth-top range, dishwasher, and a double-bowl sink with pull-down faucet. A stunning beverage center with accent wall, floor-to-ceiling cabinetry, and designer pendant lights over the island make this kitchen as functional as it is beautiful. The open-concept living room features a designer TV accent wall and flows seamlessly into the dining area, creating a warm, inviting space perfect for everyday living and entertaining. Premium Congoleum® wood-tone vinyl flooring runs throughout the entire home for a cohesive, polished look. Smart, energy-efficient features include a Honeywell® Smart Thermostat and quality construction throughout - all backed by an industry-leading 7-Year Limited Warranty. ✔ 3 Bedrooms | 2 Bathrooms ✔ Open-Concept Living with Beverage Center & Accent Walls ✔ Whirlpool® Stainless Steel Appliances ✔ Congoleum® Vinyl Flooring Throughout ✔ Smart Thermostat Included ✔ 7-Year Limited Warranty ✔ New Construction | Private Wooded Lots ✔ Optional Garage Available

16. 2026-04-09
    listed $369,000 Active 1437-char remark

    Show marketing remark (1437 chars)

    Perfectly designed for comfortable, stylish living, The Ridge offers 1,493 square feet of modern single-level elegance tucked into a quiet, wooded community in Litchfield, NH. Whether you're downsizing, starting out, or simply looking for low-maintenance living without compromise, The Ridge delivers on every front. At the center of this home is a chef-inspired kitchen featuring stainless steel Whirlpool® appliances, smooth-top range, dishwasher, and a double-bowl sink with pull-down faucet. A stunning beverage center with accent wall, floor-to-ceiling cabinetry, and designer pendant lights over the island make this kitchen as functional as it is beautiful. The open-concept living room features a designer TV accent wall and flows seamlessly into the dining area, creating a warm, inviting space perfect for everyday living and entertaining. Premium Congoleum® wood-tone vinyl flooring runs throughout the entire home for a cohesive, polished look. Smart, energy-efficient features include a Honeywell® Smart Thermostat and quality construction throughout - all backed by an industry-leading 7-Year Limited Warranty. ✔ 3 Bedrooms | 2 Bathrooms ✔ Open-Concept Living with Beverage Center & Accent Walls ✔ Whirlpool® Stainless Steel Appliances ✔ Congoleum® Vinyl Flooring Throughout ✔ Smart Thermostat Included ✔ 7-Year Limited Warranty ✔ New Construction | Private Wooded Lots ✔ Optional Garage Available

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $42,000
• − Mortgage interest: −$29,717
• − Property taxes: −$7,958
• − Insurance: −$2,653
• − Repairs & maintenance: −$3,360
• − Management: −$3,360
• − Depreciation: −$15,433
• Taxable loss: −$20,481
• Est. tax savings @ 24.0%: +$4,915
• After-tax cash flow: $-5,900/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.

Condition & rehab AI · 3 photos

Good 80/100 Cosmetic rehab

The Ridge is a well-maintained, modern single-family home with a good condition score, ready for a fresh coat of paint and landscaping to enhance its curb appeal and value.

Value-add opportunities

• Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics
• Both Landscaping improvements — Enhances curb appeal and adds value
• Resale Kitchen appliances (if needed) — Modern appliances improve functionality and attract buyers

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Landscaping improvements — Enhances curb appeal and adds value ↑
• Resale Kitchen appliances (if needed) — Modern appliances improve functionality and attract buyers ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Litchfield School District
• NCES district ID: 3304350
• Math proficiency: 38% ▼ -16.00%
• Reading proficiency: 56% ▼ -7.00%
• Median HH income: $95,178
• Composite: 44.55/100
• National rank: #2788
• State rank: #34 of 98 in NH

Livability — Litchfield

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

Census & demographics

• Population (ZIP): 8,495

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 (95%)
• Race & ethnicity: White 95% Two or more races 2%
• Common ancestry: Lithuanian 13% Romanian 6% Slovak 2%
• Foreign-born: 5% · Canada
• Languages at home: 93% English-only · Other Indo-European 4% French/Haitian/Cajun 1% German/W. Germanic 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: ▼ -63.42%
• Current HPI: 393.6097
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+0.2% since first listed

2 events — show timeline

• 2026-05-19 Price Changed $369,900 Zillow
• 2026-04-09 Listed $369,000 Zillow