302 Plains Rd · Claremont, NH 03743

$221,000

4 bd · 1.0 ba · 1,770 sqft · SingleFamily public records · 221 Days on market

Built 1880 2.12 ac lot $125/sqft · 33% below area Est $332k · 33% under

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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).

• ARV discount +15.0/15.0
• Cash flow +14.5/30.0
• 1% rule +5.6/10.0
• Appreciation +5.1/10.0
• DSCR +4.4/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0

Listing remarks MLS

Home offering 4 to 5 bedrooms and more than 2 acres, original hardwood floors and woodwork. Home has a barn and shed. It also has a new heating system including everything. Home is located about 10 mins. from I91 & is in a town with many amenities. Sold as is. Price is negotiable. Please email or text. No rent to own. House sold as is.

Key facts

• Shed
• Barn
• New heating system

Tags

• ORIGINAL HARDWOOD FLOORS
• NEW HEATING SYSTEM
• BARN
• SHED
• TOWN WITH MANY AMENITIES

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $221k.

Deal economics

• At list price, monthly cash flow is $49 ($592/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $221k).
• Recommended offer: $194k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.6% vs local median 3.2% in Claremont — 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 69/100 on livability (#50 in NH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: employment C-, schools D-, amenities F.
• Claremont School District (town): math 24% / reading 35% proficiency, ranked #85 of 98 in NH (top 87%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 58 active listings in the ZIP; 98 units permitted in Sullivan County in 2024 (0 in 5+ unit buildings).
• At $2,347/mo this rent would consume 47% of the median local household income ($60k/yr) (locally 642% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $2k of equity ($2k loan paydown + $446 appreciation (0.2% local appreciation)).
• Sullivan County population projected at -20% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 221 days — a 12% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 11y 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 $50k; list at $221k implies a 342% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.0% of price; built in 1880 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $194,480 (12.0% below list)

Questions for the listing agent

1. It's been on market 221 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 1880 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 1.06% ✓
• Cap rate: 6.56%
• Cash-on-cash: 0.96%
• DSCR: 1.04
• GRM: 7.8

CMA / ARV

• ARV (median comp): $332,035
• List price: $221,000
• Delta: -33.44%
• Verdict: UNDERPRICED
• Comps: 19 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
107 Old Church Rd	0.49mi	3/1.0 (-1)	1,911 (+8%)	1mo	$390,000	$204	58
4 Harris Pl	0.38mi	3/1.0 (-1)	1,648 (-7%)	22mo	$272,000	$165	47
40 Ellis Ln	0.49mi	3/1.0 (-1)	1,511 (-15%)	11mo	$344,000	$228	39
22 Jackson St	0.75mi	4/2.0	1,650 (-7%)	14mo	$360,000	$218	38

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

0.2% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -0.3%
• Equity multiple: 0.98×
• Total profit: $-1,016
• Equity at exit: $66,408

10-year hold

• IRR: 5.1%
• Equity multiple: 1.57×
• Total profit: $35,383
• Equity at exit: $81,633

Cash invested: $61,880 (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 03743

• Home prices YoY: 0.1%
• Active inventory: 58
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $2,347 medium
• Mortgage (P&I): −$1,159
• Tax from tax record: −$554 /mo · $6,642/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$493
• Net cashflow: $49

Break-even live

Break-even rent $2,284

Max offer price $221,000

Occupancy floor 93%

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: $55,250
• Closing costs: $6,630
• Reserves months: —
• Total cash needed: —

Listing history 29 events

1. 2026-06-19
   days on market $221,000 Active 221 DOM
2. 2026-06-18
   days on market $221,000 Active 220 DOM
3. 2026-06-17
   days on market $221,000 Active 219 DOM
4. 2026-06-16
   days on market $221,000 Active 218 DOM
5. 2026-06-15
   days on market $221,000 Active 217 DOM
6. 2026-06-14
   days on market $221,000 Active 215 DOM
7. 2026-06-12
   days on market $221,000 Active 214 DOM
8. 2026-06-09
   days on market $221,000 Active 211 DOM
9. 2026-06-08
   days on market $221,000 Active 210 DOM
10. 2026-06-07
    days on market $221,000 Active 209 DOM
11. 2026-06-05
    days on market $221,000 Active 206 DOM
12. 2026-06-03
    days on market $221,000 Active 205 DOM
13. 2026-06-02
    days on market $221,000 Active 204 DOM
14. 2026-06-01
    days on market $221,000 Active 203 DOM
15. 2026-05-31
    days on market $221,000 Active 202 DOM
16. 2026-05-30
    days on market $221,000 Active 201 DOM
17. 2025-11-10
    listed $221,000 Active 343-char remark

    Show marketing remark (343 chars)

    Home offering 4 to 5 bedrooms and more than 2 acres, original hardwood floors and woodwork. Home has a barn and shed. It also has a new heating system including everything. Home is located about 10 mins. from I91 & is in a town with many amenities. Sold as is. Price is negotiable. Please email or text. No rent to own. House sold as is.

18. 2016-07-05
    historical 190-char remark

    Show marketing remark (190 chars)

    Home offering 4 bedrooms, one bath , hard wood floors , home needs work also has an attached barn with plenty of options let your imagination run wild. Home located about 10 mins from I 91 .

19. 2016-06-30
    soldstatus $50,000 Closed 190-char remark

    Show marketing remark (190 chars)

    Home offering 4 bedrooms, one bath , hard wood floors , home needs work also has an attached barn with plenty of options let your imagination run wild. Home located about 10 mins from I 91 .

20. 2016-06-13
    status Pending 190-char remark

    Show marketing remark (190 chars)

    Home offering 4 bedrooms, one bath , hard wood floors , home needs work also has an attached barn with plenty of options let your imagination run wild. Home located about 10 mins from I 91 .

21. 2016-05-26
    status Active 190-char remark

    Show marketing remark (190 chars)

    Home offering 4 bedrooms, one bath , hard wood floors , home needs work also has an attached barn with plenty of options let your imagination run wild. Home located about 10 mins from I 91 .

22. 2016-05-19
    historical 190-char remark

    Show marketing remark (190 chars)

    Home offering 4 bedrooms, one bath , hard wood floors , home needs work also has an attached barn with plenty of options let your imagination run wild. Home located about 10 mins from I 91 .

23. 2016-02-26
    price $54,900 190-char remark

    Show marketing remark (190 chars)

    Home offering 4 bedrooms, one bath , hard wood floors , home needs work also has an attached barn with plenty of options let your imagination run wild. Home located about 10 mins from I 91 .

24. 2016-02-05
    status Active 190-char remark

    Show marketing remark (190 chars)

    Home offering 4 bedrooms, one bath , hard wood floors , home needs work also has an attached barn with plenty of options let your imagination run wild. Home located about 10 mins from I 91 .

25. 2016-01-31
    historical 190-char remark

    Show marketing remark (190 chars)

    Home offering 4 bedrooms, one bath , hard wood floors , home needs work also has an attached barn with plenty of options let your imagination run wild. Home located about 10 mins from I 91 .

26. 2015-12-31
    status Active 190-char remark

    Show marketing remark (190 chars)

    Home offering 4 bedrooms, one bath , hard wood floors , home needs work also has an attached barn with plenty of options let your imagination run wild. Home located about 10 mins from I 91 .

27. 2015-12-31
    historical 190-char remark

    Show marketing remark (190 chars)

    Home offering 4 bedrooms, one bath , hard wood floors , home needs work also has an attached barn with plenty of options let your imagination run wild. Home located about 10 mins from I 91 .

28. 2015-10-30
    price $65,000 190-char remark

    Show marketing remark (190 chars)

    Home offering 4 bedrooms, one bath , hard wood floors , home needs work also has an attached barn with plenty of options let your imagination run wild. Home located about 10 mins from I 91 .

29. 2015-09-01
    listed $72,900 Active 190-char remark

    Show marketing remark (190 chars)

    Home offering 4 bedrooms, one bath , hard wood floors , home needs work also has an attached barn with plenty of options let your imagination run wild. Home located about 10 mins from I 91 .

ⓘ 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: $6,642 · $554/mo
• Projected year-2 tax: $6,642 · $554/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥93°F today · 16 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 6% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,160
• − Mortgage interest: −$12,379
• − Property taxes: −$6,642
• − Insurance: −$1,105
• − Repairs & maintenance: −$2,253
• − Management: −$2,253
• − Depreciation: −$6,429
• Taxable loss: −$2,901
• Est. tax savings @ 24.0%: +$696
• After-tax cash flow: $1,288/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: Claremont School District
• NCES district ID: 3302340
• Math proficiency: 24% ▼ -7.00%
• Reading proficiency: 35% ▼ -5.00%
• Median HH income: $43,285
• Composite: 25.11/100
• National rank: #7528
• State rank: #85 of 98 in NH

Livability — Claremont

• Score: 69/100
• State rank: #50
• US rank: #8815

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Claremont, NH
• County: Sullivan County · 16,826 people
• City population: 13,704
• Metro: Lebanon, NH-VT
• Population (ZIP): 13,704
• Household income: $59,625
• Rent vs Own: 41.8% rent · 58.2% own
• Severe rent burden: 642.0

Population outlook (Sullivan County) Hauer SSP2

• Today (2025): 41,322 people
• By 2030: 39,910 · -3.4%
• By 2040: 36,447 · -11.8%
• By 2050: 32,917 · -20.3%
• By 2075: 25,997 · -37.1%
• By 2100: 19,479 · -52.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Two or more races 6% Hispanic / Latino 5% Black 1%
• Hispanic origin (detail): Puerto Rican 4%
• Common ancestry: Lithuanian 18% Slovak 4% Romanian 3%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 3%

Political lean MEDSL · Sullivan

• 2024 margin: Toss-up / Even · D 49.1% · R 49.8% · Other 1.2%
• 2008→2024 swing: -18.7pp toward R · 2008: 18.0pp · 2024: -0.7pp
• All cycles: 2024: R+0.7 2020: D+3.6 2016: R+2.6 2012: D+13.3 2008: D+18.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 0.20%
• Current HPI: 337.0004
• Rent YoY: —
• Metro: Lebanon, NH-VT
• State GDP YoY: —
• F500 in state: 0

Price history

+203.2% since first listed

13 events — show timeline

• 2025-11-10 Listed $221,000 ForSaleByOwner.com
• 2016-07-05 Delisted — PrimeMLS
• 2016-06-30 Sold (MLS) $50,000 PrimeMLS
• 2016-06-13 Pending — PrimeMLS
• 2016-05-26 Relisted — PrimeMLS
• 2016-05-19 Delisted — PrimeMLS
• 2016-02-26 Price Changed $54,900 PrimeMLS
• 2016-02-05 Relisted — PrimeMLS
• 2016-01-31 Delisted — PrimeMLS
• 2015-12-31 Relisted — PrimeMLS
• 2015-12-31 Delisted — PrimeMLS
• 2015-10-30 Price Changed $65,000 PrimeMLS
• 2015-09-01 Listed $72,900 PrimeMLS

Property tax history

+2.3%/yr

Latest (2025): $6,642 · +4.4% YoY. Source: county tax records.