29 Milford Ave · Freedom, NH 03836

$199,000

2 bd · 1.0 ba · 499 sqft · Other public records · 8 Days on market

Built 1940 $25/mo HOA · 2% of rent

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Why this score? — see what drove the D 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).

• Appreciation +10.0/10.0
• Cash flow +8.2/30.0
• ARV discount +7.5/15.0
• Schools +3.7/10.0
• 1% rule +2.7/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.2/10.0

Listing remarks MLS

Looking for a summer getaway or a spot where you can snowmobile directly onto New Hampshire’s trail systems? This affordable property may be just what you’re after. Square Brook mobile home with a 26' x 8' addition, situated on its own lot plus an adjoining lot for extra space—both included with low annual park fees of just $600 total. Enjoy the benefits of low-tax Freedom while being close to skiing, snowmobiling, shopping, and the town’s public beaches. With two lots totaling approximately 0.5 acres, there is an existing a shed, plenty of room to park an RV, or create your ideal retreat. Residents have access to Loon Lake for non-motorized boating, and Freedom Beach on Ossipee Lake is only a short drive away. Snowmobile directly from your own yard. Home has not been occupied in several years and will need some TLC, but it presents a great opportunity for a vacation spot or primary residence. More than likely it will need to be a cash purchase due to the age of the mobile. Sold as is. Owner has not lived in the home, and it has been unoccupied for several years. The condition of both the well and the septic system is unknown.

Key facts

• Renovated 3/4 bath
• Double lot
• Ossipee lake region

Tags

• OSSIPEE LAKE REGION
• WOOD KITCHEN CABINETRY
• RENOVATED 3/4 BATH
• DETACHED STORAGE SHED
• DOUBLE LOT
• SEPARATE ROAD FRONTAGE

Property features AI

Finance

• Other: Association documents available (covenants, deed, property disclosure, septic design, tax map)
• HOA & community: Association fee of $300 yearly; Located in the Square Brook subdivision

Exterior

• Parking: Gravel driveway
• Utilities: Private water (driven point); Private sewer; 100 Amp service with circuit breakers; Eversource electric; Cable internet available (Spectrum)
• Home design: Cabin / Manufactured/Mobile style; Single-story (entry level: main)
• Construction: Built in 1940; Steel and wood frame construction; Aluminum and vinyl siding; Metal roof
• Exterior features: Level lot; Road frontage (association/gravel, privately maintained), approximately 200' of frontage; Beige exterior color; Gravel driveway; No water body access; Seasonal property

Interior

• Kitchen: Main-level kitchen
• Bedrooms: Bedroom on main level
• Flooring: Vinyl
• Bathrooms: One 3/4 bath
• Heating & cooling: Electric heat
• Interior features: Four total rooms; Vinyl flooring; One 3/4 bathroom

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $199k.

Deal economics

• At list price, monthly cash flow is $-188 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $172k (13.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $153k (22.9% below list).
• Recommended offer: $153k (22.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Freedom School District (rural): math 30% / reading 50% proficiency, ranked #138 of 171 in NH (top 81%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Freedom Elementary School (math 50% / reading 50%, grade D, #97 of 263 statewide, top 42%, 48 students, 25% FRL) — zoned schools at 25% FRL track the district average.
• Market conditions: 19 active listings in the ZIP; 357 units permitted in Carroll County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $21k of equity ($1k loan paydown + $20k appreciation (10.0% local appreciation)).
• Carroll County population projected at -27% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• By year 2, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts; this cycle's ask has dropped $41k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $64k; list at $199k implies a 211% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $153,473 (22.9% 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. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 0.77% ✗
• Cap rate: 5.16%
• Cash-on-cash: -4.04%
• DSCR: 0.82
• GRM: 10.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 21.4%
• Equity multiple: 2.73×
• Total profit: $96,458
• Equity at exit: $179,275

10-year hold

• IRR: 19.3%
• Equity multiple: 6.27×
• Total profit: $293,535
• Equity at exit: $386,613

Cash invested: $55,720 (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 03836

• Home prices YoY: 14.9%
• Active inventory: 19
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $1,535 medium
• Mortgage (P&I): −$1,044
• Tax est. 1.5%: −$249 /mo · $2,985/yr
• Insurance: −$83
• HOA: −$25
• Vacancy / Maint / Mgmt: −$322
• Net cashflow: $-188

Break-even live

Break-even rent $1,772

Max offer price $171,824

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: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $25 · $300/yr

Listing history 8 events

1. 2026-06-18
   days on market $199,000 Active 8 DOM
2. 2026-06-17
   days on market $199,000 Active 7 DOM
3. 2026-06-16
   days on market $199,000 Active 6 DOM
4. 2026-06-16
   price $199,000 Active 5 DOM
5. 2026-06-15
   days on market $240,000 Active 5 DOM
6. 2026-06-13
   days on market $240,000 Active 3 DOM
7. 2026-06-12
   remarks 699-char remark
8. 2026-06-12
   listed $240,000 Active 2 DOM

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥91°F today · 16 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 7% 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: $18,417
• − Mortgage interest: −$11,147
• − Property taxes: −$2,985
• − Insurance: −$995
• − Repairs & maintenance: −$1,473
• − Management: −$1,473
• − HOA: −$300
• − Depreciation: −$5,789
• Taxable loss: −$5,746
• Est. tax savings @ 24.0%: +$1,379
• After-tax cash flow: $-875/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: Freedom School District
• NCES district ID: 3303120
• Math proficiency: 30% ▼ -10.00%
• Reading proficiency: 50% ▬ 0.00%
• Median HH income: $50,507
• Composite: 36.93/100
• National rank: #9115
• State rank: #138 of 171 in NH

Livability — Freedom

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

Census & demographics

• Population (ZIP): 1,369

Population outlook (Carroll County) Hauer SSP2

• Today (2025): 45,072 people
• By 2030: 43,158 · -4.2%
• By 2040: 38,044 · -15.6%
• By 2050: 33,087 · -26.6%
• By 2075: 25,661 · -43.1%
• By 2100: 18,684 · -58.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (99%)
• Race & ethnicity: White 99%
• Common ancestry: Slovak 10% Lithuanian 6% Romanian 5%
• Foreign-born: 1% · Canada

Political lean MEDSL · Carroll

• 2024 margin: Toss-up / Even · D 48.8% · R 50.5%
• 2008→2024 swing: -8.0pp toward R · 2008: 6.3pp · 2024: -1.7pp
• All cycles: 2024: R+1.7 2020: D+1.5 2016: R+5.7 2012: R+0.8 2008: D+6.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 57.18%
• Current HPI: 441.1161
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+249.3% since first listed

4 events — show timeline

• 2026-06-10 Listed $240,000 PrimeMLS
• 2026-03-03 Sold (MLS) $64,000 PrimeMLS
• 2026-01-23 Contingent — PrimeMLS
• 2025-12-07 Listed $68,700 PrimeMLS

Property tax history

+0.6%/yr

Latest (2025): $314 · +3.0% YoY. Source: county tax records.