The Ridge Plan · Litchfield, NH 03052

$369,900

3 bd · 2.0 ba · 1,493 sqft · SingleFamily · 167 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 +5.6/30.0
• Schools +4.9/10.0
• Condition / age +4.0/5.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• 1% rule +1.1/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks

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.

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 — $530,156.

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 $-1k ($-13k/yr) — negative.
• To cash-flow at today's rent, offer at most $370k (0.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $323k (12.6% below list).
• Recommended offer: $323k (12.6% below list) — sets the bar for 1% rule.
• Cap rate 3.8% vs local median 2.8% in Litchfield — 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: 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.
• Zoned schools: Griffin Memorial School (math 42% / reading 57%, grade D, #97 of 263 statewide, top 42%, 437 students, 10% FRL); Litchfield Middle School (math 35% / reading 53%, grade D, #38 of 96 statewide, top 40%, 355 students, 9% FRL); Campbell High School (math 42% / reading 67%, grade C-, #27 of 90 statewide, top 29%, 412 students, 8% FRL) — zoned schools at 9% FRL track the district average.
• Market conditions: 79 active listings in the ZIP; 2 comparable units currently listed for rent nearby; high-income renter base; 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 167 days — a 12% lower offer ($326k) is reasonable based on typical stale-listing flexibility.

Recommended offer $323,287 (12.6% 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 167 days. Have you received any prior offers? Is the seller open to a 13% 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: 0.61% ✗
• Cap rate: 3.78%
• Cash-on-cash: -8.97%
• DSCR: 0.60
• GRM: 13.7

CMA / ARV

• ARV (median comp): $530,156
• List price: $369,900
• Delta: -30.23%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 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%)	10mo	$528,000	$343	76
36 Charles Bancroft Hwy	0.25mi	3/1.0	1,328 (-11%)	9mo	$500,000	$377	58
11 Rotterdam Dr	0.63mi	3/2.0	1,432 (-4%)	9mo	$550,000	$384	56
37 Damon Ave	0.92mi	3/1.0	1,556 (+4%)	0mo	$510,400	$328	54
9 Plaza Ave	0.42mi	3/2.0	1,789 (+20%)	8mo	$612,000	$342	49
16 Cassandra Ln	1.02mi	3/2.0	1,580 (+6%)	9mo	$460,000	$291	48
21 St Laurent Dr	0.51mi	3/1.5	1,757 (+18%)	3mo	$617,000	$351	47
12 Bell St	1.00mi	3/2.5	1,600 (+7%)	10mo	$440,000	$275	43
32 Syracuse Rd	0.99mi	3/2.0	1,272 (-15%)	4mo	$525,000	$413	37
6 Lamplighter Dr	0.93mi	3/2.0	1,212 (-19%)	7mo	$540,000	$446	34
18 Caron Ave	0.81mi	4/1.0 (+1)	1,600 (+7%)	14mo	$440,000	$275	32
20 Alvirne Dr	0.78mi	4/1.5 (+1)	1,729 (+16%)	3mo	$600,000	$347	30

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: -32.2%
• Equity multiple: -0.05×
• Total profit: $-156,545
• Equity at exit: $79,048

10-year hold

• IRR: -37.3%
• Equity multiple: -0.53×
• Total profit: $-227,137
• Equity at exit: $45,838

Cash invested: $148,444 (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 →

Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 5 active · 5 under contract
• Months of supply: 6.0 mo (17%/mo absorbed)
• Median asking: $369,900 ($248/sqft)
• Median days on market: 167 d
• This list price: 40% of active listings are priced below it
• ARV vs active asking: +43.3% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 03052

• Home prices YoY: -13.9%
• Active inventory: 79
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $3,233 medium
• Mortgage (P&I): −$2,780
• Tax est. 1.5%: −$663 /mo · $7,952/yr
• Insurance: −$221
• HOA: −$0
• Vacancy / Maint / Mgmt: −$679
• Net cashflow: $-1,110

Break-even live

Break-even rent $4,638

Max offer price $369,563

Occupancy floor —

Sensitivity live

Price	-10% $-743	-5% $-927	+0% $-1,110	+5% $-1,293	+10% $-1,476
Rent	-10% $-1,365	-5% $-1,238	+0% $-1,110	+5% $-982	+10% $-854
Rate	-1.0pp $-843	-0.5pp $-975	base $-1,110	+0.5pp $-1,247	+1.0pp $-1,387

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: $132,539
• Closing costs: $15,905
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7 Swift Ln Merrimack, NH	2.0	1.5	1544	$3,500	$2.27	139d	1	1.18mi
255 Derry Rd Litchfield, NH	2.0	1.5	1359	$2,875	$2.12	0d	7	1.48mi

Property features AI

Finance

• Other: Address: 13 Charles Bancroft Hwy, Litchfield NH 03052Status: Active
• Financial info: Listed price $369,000Inventory type: Plan

Exterior

• Utilities: Has heating (forced air and other)
• Home design: Single-family plan home (The Ridge)
• Construction: Living area approximately 1493Composition roofing
• Exterior features: Composition roof

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 2 bathrooms (full)
• Heating & cooling: Forced air heatingOther heating
• Interior features: Plan home (The Ridge plan)

Listing history 50 events

1. 2026-09-23
   days on market $369,900 Active 167 DOM
2. 2026-09-22
   days on market $369,900 Active 166 DOM
3. 2026-09-21
   days on market $369,900 Active 165 DOM
4. 2026-09-20
   days on market $369,900 Active 164 DOM
5. 2026-09-18
   days on market $369,900 Active 162 DOM
6. 2026-09-17
   days on market $369,900 Active 161 DOM
7. 2026-09-16
   days on market $369,900 Active 160 DOM
8. 2026-09-15
   days on market $369,900 Active 159 DOM
9. 2026-09-14
   days on market $369,900 Active 158 DOM
10. 2026-09-13
    days on market $369,900 Active 157 DOM
11. 2026-09-12
    days on market $369,900 Active 156 DOM
12. 2026-09-11
    days on market $369,900 Active 155 DOM
13. 2026-09-05
    days on market $369,900 Active 149 DOM
14. 2026-09-04
    days on market $369,900 Active 148 DOM
15. 2026-09-03
    days on market $369,900 Active 147 DOM
16. 2026-08-31
    days on market $369,900 Active 144 DOM
17. 2026-08-30
    days on market $369,900 Active 143 DOM
18. 2026-08-29
    days on market $369,900 Active 142 DOM
19. 2026-08-28
    days on market $369,900 Active 141 DOM
20. 2026-08-27
    days on market $369,900 Active 140 DOM
21. 2026-08-26
    days on market $369,900 Active 139 DOM
22. 2026-08-25
    days on market $369,900 Active 138 DOM
23. 2026-08-24
    days on market $369,900 Active 137 DOM
24. 2026-08-23
    days on market $369,900 Active 136 DOM
25. 2026-08-22
    days on market $369,900 Active 135 DOM
26. 2026-08-21
    days on market $369,900 Active 134 DOM
27. 2026-08-20
    days on market $369,900 Active 133 DOM
28. 2026-08-19
    days on market $369,900 Active 132 DOM
29. 2026-08-18
    days on market $369,900 Active 131 DOM
30. 2026-08-17
    days on market $369,900 Active 130 DOM
31. 2026-08-16
    days on market $369,900 Active 129 DOM
32. 2026-08-15
    days on market $369,900 Active 128 DOM
33. 2026-08-15
    days on market $369,900 Active 127 DOM
34. 2026-08-13
    days on market $369,900 Active 126 DOM
35. 2026-08-12
    days on market $369,900 Active 125 DOM
36. 2026-08-11
    days on market $369,900 Active 124 DOM
37. 2026-08-10
    days on market $369,900 Active 123 DOM
38. 2026-08-09
    days on market $369,900 Active 122 DOM
39. 2026-08-08
    days on market $369,900 Active 121 DOM
40. 2026-08-07
    days on market $369,900 Active 120 DOM
41. 2026-08-06
    days on market $369,900 Active 119 DOM
42. 2026-08-05
    days on market $369,900 Active 118 DOM
43. 2026-08-04
    days on market $369,900 Active 117 DOM
44. 2026-08-03
    days on market $369,900 Active 116 DOM
45. 2026-07-31
    days on market $369,900 Active 113 DOM
46. 2026-07-29
    days on market $369,900 Active 111 DOM
47. 2026-07-27
    days on market $369,900 Active 109 DOM
48. 2026-07-25
    days on market $369,900 Active 107 DOM
49. 2026-07-24
    days on market $369,900 Active 106 DOM
50. 2026-07-23
    days on market $369,900 Active 105 DOM

ⓘ 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: $38,794
• − Mortgage interest: −$29,697
• − Property taxes: −$7,952
• − Insurance: −$2,651
• − Repairs & maintenance: −$3,104
• − Management: −$3,104
• − Depreciation: −$15,423
• Taxable loss: −$23,136
• Est. tax savings @ 24.0%: +$5,553
• After-tax cash flow: $-7,765/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 Est. rehab $7,465–$22,395 screening

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 ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 49/100

Zoned Schools

Elementary Griffin Memorial School D NH #97/263 Nat'l #12,785/41,679 Middle Litchfield Middle School D NH #38/96 Nat'l #4,963/14,009 High Campbell High School C- NH #27/90 Nat'l #4,461/17,239

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

• County: Hillsborough · 412,771 people
• Metro: Manchester-Nashua, NH
• Population (ZIP): 8,495
• Household income: $155,881
• Rent vs Own: 15.7% rent · 84.3% own

---

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

Property features AI

Finance

• Other: Address: 13 Charles Bancroft Hwy, Litchfield NH 03052Status: Active
• Financial info: Listed price $369,000Inventory type: Plan

Exterior

• Utilities: Has heating (forced air and other)
• Home design: Single-family plan home (The Ridge)
• Construction: Living area approximately 1493Composition roofing
• Exterior features: Composition roof

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 2 bathrooms (full)
• Heating & cooling: Forced air heatingOther heating
• Interior features: Plan home (The Ridge plan)