4 Cammett Dr · Raymond, NH 03077

$229,000

3 bd · 2.0 ba · 1,216 sqft · Manufactured public records · 38 Days on market

Built 2000 $188/sqft · 8% below area Est $262k · 12% under $495/mo HOA · 23% 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).

• ARV discount +13.1/15.0
• Cash flow +7.8/30.0
• 1% rule +4.4/10.0
• Livability +3.4/5.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome Home to Paradise Ridge! Discover comfortable, low-maintenance living in the highly sought-after Paradise Ridge community. Nestled on a peaceful street, this spacious 1,280 sq. ft. manufactured home offers the perfect blend of convenience and tranquility. Whether you are downsizing, buying your first home, or seeking easy single-level living, this well-maintained property is ready to welcome you. The bright, open-concept floor plan maximizes space and natural light, ensuring a seamless flow between the living room, dining area, and kitchen that makes entertaining a breeze. The home features two generously sized bedrooms, a second full bathroom. This property also includes a private primary suite retreat complete with ample closet space and a dedicated en-suite bath. Enjoy the ultimate convenience of first-floor laundry—no more stairs! Fantastic Location located just off Route 107, you will enjoy a quiet neighborhood feel with incredible commuter convenience. Enjoy easy access to Route 101 for quick trips to Manchester, the Seacoast, or the MA border. You are also just minutes away from Raymond's town center, grocery stores, dining, and outdoor recreation at Pawtuckaway State Park. Homes in Paradise Ridge do not stay on the market long! If you want an affordable, turnkey property in a great NH community, this is it. Contact us today to schedule a private showing!

Key facts

• Built 2000
• Listed 38 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $229k.

Deal economics

• At list price, monthly cash flow is $-255 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $184k (19.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $216k (5.7% below list).
• Recommended offer: $184k (19.7% below list) — sets the bar for cash-flow.
• Cap rate 5.0% vs local median 2.1% in Raymond — 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 67/100 on livability (#63 in NH) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A, health & safety A; Watch: schools C-, amenities F, commute F.
• Raymond School District (suburban): math 27% / reading 45% proficiency, ranked #72 of 98 in NH (top 74%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 69 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 $7k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($222k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 22y 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 $84k; list at $229k implies a 173% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 23% of rent.

Recommended offer $183,985 (19.7% 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 38 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
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: 0.94% ✗
• Cap rate: 4.96%
• Cash-on-cash: -4.77%
• DSCR: 0.79
• GRM: 8.8

CMA / ARV

• ARV (median comp): $261,661
• List price: $229,000
• Delta: -12.48%
• Verdict: UNDERPRICED
• Comps: 14 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
17 Lilac Ct	0.46mi	3/2.0	1,330 (+9%)	2mo	$265,000	$199	61
16 Agent Rd	0.42mi	3/2.0	1,152 (-5%)	15mo	$213,000	$185	59
18 Lilac Ct	0.48mi	2/2.0 (-1)	1,344 (+10%)	5mo	$256,800	$191	51
11 Evelyn Ave	0.66mi	3/2.0	1,076 (-12%)	5mo	$299,000	$278	46
12 Clover Ct	0.64mi	3/2.0	1,152 (-5%)	22mo	$160,000	$139	43
13 Debra Ave	0.73mi	3/2.0	1,064 (-12%)	6mo	$305,000	$287	40
6 Spring St	0.34mi	2/1.0 (-1)	1,056 (-13%)	22mo	$224,900	$213	35

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: -24.2%
• Equity multiple: 0.17×
• Total profit: $-53,073
• Equity at exit: $34,145

10-year hold

• IRR: -19.1%
• Equity multiple: -0.03×
• Total profit: $-66,038
• Equity at exit: $19,800

Cash invested: $64,120 (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 03077

• Home prices YoY: -30.0%
• Active inventory: 69
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $2,159 medium
• Mortgage (P&I): −$1,201
• Tax from tax record: −$169 /mo · $2,027/yr
• Insurance: −$95
• HOA: −$495
• Vacancy / Maint / Mgmt: −$453
• Net cashflow: $-255

Break-even live

Break-even rent $2,481

Max offer price $183,985

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: $57,250
• Closing costs: $6,870
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $495 · $5,940/yr

Listing history 7 events

1. 2026-05-14
   status Pending 1397-char remark

   Show marketing remark (1397 chars)

   Welcome Home to Paradise Ridge! Discover comfortable, low-maintenance living in the highly sought-after Paradise Ridge community. Nestled on a peaceful street, this spacious 1,280 sq. ft. manufactured home offers the perfect blend of convenience and tranquility. Whether you are downsizing, buying your first home, or seeking easy single-level living, this well-maintained property is ready to welcome you. The bright, open-concept floor plan maximizes space and natural light, ensuring a seamless flow between the living room, dining area, and kitchen that makes entertaining a breeze. The home features two generously sized bedrooms, a second full bathroom. This property also includes a private primary suite retreat complete with ample closet space and a dedicated en-suite bath. Enjoy the ultimate convenience of first-floor laundry—no more stairs! Fantastic Location located just off Route 107, you will enjoy a quiet neighborhood feel with incredible commuter convenience. Enjoy easy access to Route 101 for quick trips to Manchester, the Seacoast, or the MA border. You are also just minutes away from Raymond's town center, grocery stores, dining, and outdoor recreation at Pawtuckaway State Park. Homes in Paradise Ridge do not stay on the market long! If you want an affordable, turnkey property in a great NH community, this is it. Contact us today to schedule a private showing!

2. 2026-04-06
   listed $229,000 Active 1397-char remark

   Show marketing remark (1397 chars)

   Welcome Home to Paradise Ridge! Discover comfortable, low-maintenance living in the highly sought-after Paradise Ridge community. Nestled on a peaceful street, this spacious 1,280 sq. ft. manufactured home offers the perfect blend of convenience and tranquility. Whether you are downsizing, buying your first home, or seeking easy single-level living, this well-maintained property is ready to welcome you. The bright, open-concept floor plan maximizes space and natural light, ensuring a seamless flow between the living room, dining area, and kitchen that makes entertaining a breeze. The home features two generously sized bedrooms, a second full bathroom. This property also includes a private primary suite retreat complete with ample closet space and a dedicated en-suite bath. Enjoy the ultimate convenience of first-floor laundry—no more stairs! Fantastic Location located just off Route 107, you will enjoy a quiet neighborhood feel with incredible commuter convenience. Enjoy easy access to Route 101 for quick trips to Manchester, the Seacoast, or the MA border. You are also just minutes away from Raymond's town center, grocery stores, dining, and outdoor recreation at Pawtuckaway State Park. Homes in Paradise Ridge do not stay on the market long! If you want an affordable, turnkey property in a great NH community, this is it. Contact us today to schedule a private showing!

3. 2026-04-05
   historical $229,000 1397-char remark

   Show marketing remark (1397 chars)

   Welcome Home to Paradise Ridge! Discover comfortable, low-maintenance living in the highly sought-after Paradise Ridge community. Nestled on a peaceful street, this spacious 1,280 sq. ft. manufactured home offers the perfect blend of convenience and tranquility. Whether you are downsizing, buying your first home, or seeking easy single-level living, this well-maintained property is ready to welcome you. The bright, open-concept floor plan maximizes space and natural light, ensuring a seamless flow between the living room, dining area, and kitchen that makes entertaining a breeze. The home features two generously sized bedrooms, a second full bathroom. This property also includes a private primary suite retreat complete with ample closet space and a dedicated en-suite bath. Enjoy the ultimate convenience of first-floor laundry—no more stairs! Fantastic Location located just off Route 107, you will enjoy a quiet neighborhood feel with incredible commuter convenience. Enjoy easy access to Route 101 for quick trips to Manchester, the Seacoast, or the MA border. You are also just minutes away from Raymond's town center, grocery stores, dining, and outdoor recreation at Pawtuckaway State Park. Homes in Paradise Ridge do not stay on the market long! If you want an affordable, turnkey property in a great NH community, this is it. Contact us today to schedule a private showing!

4. 2004-12-22
   soldstatus $84,000 208-char remark

   Show marketing remark (208 chars)

   MOBILE HOME IN VERY DESIREALBE PARADISE RIDGE. FEATURES SUNKEN KITCHEN W/ WALK IN PANTRY. MB W/ MASTER BATH AND GARDEN TUB. 16X16 DECK OVERLOOKING NICE YARD WITH SHED. PARK APPROVAL. PARK FEE $300.00 A MONTH.

5. 2004-12-22
   soldstatus $84,000

   Show marketing remark (208 chars)

   MOBILE HOME IN VERY DESIREALBE PARADISE RIDGE. FEATURES SUNKEN KITCHEN W/ WALK IN PANTRY. MB W/ MASTER BATH AND GARDEN TUB. 16X16 DECK OVERLOOKING NICE YARD WITH SHED. PARK APPROVAL. PARK FEE $300.00 A MONTH.

6. 2004-12-06
   historical 208-char remark

   Show marketing remark (208 chars)

   MOBILE HOME IN VERY DESIREALBE PARADISE RIDGE. FEATURES SUNKEN KITCHEN W/ WALK IN PANTRY. MB W/ MASTER BATH AND GARDEN TUB. 16X16 DECK OVERLOOKING NICE YARD WITH SHED. PARK APPROVAL. PARK FEE $300.00 A MONTH.

7. 2004-09-15
   listed $87,500 208-char remark

   Show marketing remark (208 chars)

   MOBILE HOME IN VERY DESIREALBE PARADISE RIDGE. FEATURES SUNKEN KITCHEN W/ WALK IN PANTRY. MB W/ MASTER BATH AND GARDEN TUB. 16X16 DECK OVERLOOKING NICE YARD WITH SHED. PARK APPROVAL. PARK FEE $300.00 A MONTH.

ⓘ 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: $2,027 · $169/mo
• Projected year-2 tax: $3,510 · $292/mo
• Expected delta: +$1,483/yr (+$124/mo · 73.1%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,905
• − Mortgage interest: −$12,828
• − Property taxes: −$2,027
• − Insurance: −$1,145
• − Repairs & maintenance: −$2,072
• − Management: −$2,072
• − HOA: −$5,940
• − Depreciation: −$6,662
• Taxable loss: −$6,841
• Est. tax savings @ 24.0%: +$1,642
• After-tax cash flow: $-1,416/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: Raymond School District
• NCES district ID: 3305880
• Math proficiency: 27% ▼ -14.00%
• Reading proficiency: 45% ▼ -5.00%
• Median HH income: $63,500
• Composite: 32.4/100
• National rank: #5729
• State rank: #72 of 98 in NH

Livability — Raymond

• Score: 67/100
• State rank: #63
• US rank: #10832

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 10,837

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 (85%)
• Race & ethnicity: White 85% Two or more races 6% Hispanic / Latino 5% Black 4% Asian 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Lithuanian 12% Romanian 6% Slovak 4%
• Foreign-born: 5% · Canada
• Languages at home: 93% English-only · French/Haitian/Cajun 3% Spanish 2% 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: ▼ -129.11%
• Current HPI: 301.4856
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+161.7% since first listed

7 events — show timeline

• 2026-05-14 Pending — PrimeMLS
• 2026-04-06 Listed $229,000 PrimeMLS
• 2026-04-05 Coming Soon $229,000 PrimeMLS
• 2004-12-22 Sold (Public Records) $84,000 Public Records
• 2004-12-22 Sold (MLS) $84,000 PrimeMLS
• 2004-12-06 Delisted — PrimeMLS
• 2004-09-15 Listed $87,500 PrimeMLS

Property tax history

+3.3%/yr

Latest (2024): $2,027 · +5.7% YoY. Source: county tax records.