The Crest Plan · Litchfield, NH 03052

$385,900

4 bd · 2.0 ba · 1,707 sqft · SingleFamily · 70 Days on market

Excellent condition

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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
• Condition / age +4.8/5.0
• Schools +4.5/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• 1% rule +1.1/10.0
• DSCR +0.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This stunning home offers the perfect combination of space, style, and modern convenience. With 1,707 square feet of thoughtfully designed single-level living, The Crest is ideal for growing families or anyone who loves to entertain. The heart of the home is a chef-inspired kitchen featuring stainless steel Whirlpool® appliances, smooth-top range, dishwasher, a double-bowl sink with pull-down faucet, floor-to-ceiling cabinetry, and a gorgeous multi-use coffee bar with open shelving. Designer pendant lights illuminate the island, creating a warm, inviting atmosphere. The open-concept living room flows beautifully throughout, highlighted by designer accent walls, premium Congoleum® wood-tone vinyl flooring, and a curated black hardware package that ties the entire home together. The spacious primary suite offers a private retreat, while three additional bedrooms - including a den/tech space - provide versatility for family, guests, or a home office. Both bathrooms feature square china sinks, black metal fixtures, and professionally trimmed mirrors. Smart home features include a Honeywell® Smart Thermostat and energy-efficient construction throughout. ✔ 4 Bedrooms + Den/Tech Space ✔ Open-Concept Kitchen with Island & Coffee Bar ✔ Whirlpool® Stainless Steel Appliances ✔ Congoleum® Vinyl Flooring Throughout ✔ Smart Thermostat & Energy Efficient ✔ New Construction | Private Wooded Lots ✔ Optional Garage Available

Key facts

• Den tech space
• Multi use coffee bar
• Private retreat

Tags

• CHEF INSPIRED KITCHEN
• MULTI USE COFFEE BAR
• OPEN CONCEPT LIVING ROOM
• PREMIUM VINYL FLOORING
• PRIVATE RETREAT
• DEN TECH SPACE

🏗️ New construction. The $385,900 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $566,731.

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $386k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $-1k ($-14k/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 $347k (10.0% below list).
• Recommended offer: $347k (10.0% below list) — sets the bar for 1% rule.

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; 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 $17k 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 ($363k) is reasonable based on typical stale-listing flexibility.

Recommended offer $347,186 (10.0% 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 10% 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: 3.81%
• Cash-on-cash: -8.88%
• DSCR: 0.61
• GRM: 13.6

CMA / ARV

• ARV (median comp): $566,731
• List price: $385,900
• Delta: -31.91%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9 Plaza Ave	0.42mi	3/2.0 (-1)	1,789 (+5%)	4mo	$612,000	$342	64
277 Webster St	0.47mi	4/2.0	1,586 (-7%)	23mo	$540,000	$340	47

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: -32.0%
• Equity multiple: -0.05×
• Total profit: $-166,541
• Equity at exit: $84,501

10-year hold

• IRR: -36.7%
• Equity multiple: -0.52×
• Total profit: $-241,072
• Equity at exit: $49,001

Cash invested: $158,685 (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: 9.3×

Monthly cashflow live

• Estimated rent: $3,472 medium
• Mortgage (P&I): −$2,972
• Tax est. 1.5%: −$708 /mo · $8,501/yr
• Insurance: −$236
• HOA: −$0
• Vacancy / Maint / Mgmt: −$729
• Net cashflow: $-1,174

Break-even live

Break-even rent $4,958

Max offer price $396,883

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: $141,683
• Closing costs: $17,002
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-18
   days on market $385,900 Active 70 DOM
2. 2026-06-17
   days on market $385,900 Active 69 DOM
3. 2026-06-16
   days on market $385,900 Active 68 DOM
4. 2026-06-15
   days on market $385,900 Active 67 DOM
5. 2026-06-14
   days on market $385,900 Active 65 DOM
6. 2026-06-10
   days on market $385,900 Active 62 DOM
7. 2026-06-09
   days on market $385,900 Active 61 DOM
8. 2026-06-08
   days on market $385,900 Active 60 DOM
9. 2026-06-07
   days on market $385,900 Active 59 DOM
10. 2026-06-03
    days on market $385,900 Active 55 DOM
11. 2026-06-02
    days on market $385,900 Active 54 DOM
12. 2026-06-01
    days on market $385,900 Active 53 DOM
13. 2026-05-31
    days on market $385,900 Active 52 DOM
14. 2026-05-30
    days on market $385,900 Active 51 DOM
15. 2026-05-19
    price $385,900 1462-char remark

    Show marketing remark (1462 chars)

    This stunning home offers the perfect combination of space, style, and modern convenience. With 1,707 square feet of thoughtfully designed single-level living, The Crest is ideal for growing families or anyone who loves to entertain. The heart of the home is a chef-inspired kitchen featuring stainless steel Whirlpool® appliances, smooth-top range, dishwasher, a double-bowl sink with pull-down faucet, floor-to-ceiling cabinetry, and a gorgeous multi-use coffee bar with open shelving. Designer pendant lights illuminate the island, creating a warm, inviting atmosphere. The open-concept living room flows beautifully throughout, highlighted by designer accent walls, premium Congoleum® wood-tone vinyl flooring, and a curated black hardware package that ties the entire home together. The spacious primary suite offers a private retreat, while three additional bedrooms - including a den/tech space - provide versatility for family, guests, or a home office. Both bathrooms feature square china sinks, black metal fixtures, and professionally trimmed mirrors. Smart home features include a Honeywell® Smart Thermostat and energy-efficient construction throughout. ✔ 4 Bedrooms + Den/Tech Space ✔ Open-Concept Kitchen with Island & Coffee Bar ✔ Whirlpool® Stainless Steel Appliances ✔ Congoleum® Vinyl Flooring Throughout ✔ Smart Thermostat & Energy Efficient ✔ New Construction | Private Wooded Lots ✔ Optional Garage Available

16. 2026-04-09
    listed $375,000 Active 1462-char remark

    Show marketing remark (1462 chars)

    This stunning home offers the perfect combination of space, style, and modern convenience. With 1,707 square feet of thoughtfully designed single-level living, The Crest is ideal for growing families or anyone who loves to entertain. The heart of the home is a chef-inspired kitchen featuring stainless steel Whirlpool® appliances, smooth-top range, dishwasher, a double-bowl sink with pull-down faucet, floor-to-ceiling cabinetry, and a gorgeous multi-use coffee bar with open shelving. Designer pendant lights illuminate the island, creating a warm, inviting atmosphere. The open-concept living room flows beautifully throughout, highlighted by designer accent walls, premium Congoleum® wood-tone vinyl flooring, and a curated black hardware package that ties the entire home together. The spacious primary suite offers a private retreat, while three additional bedrooms - including a den/tech space - provide versatility for family, guests, or a home office. Both bathrooms feature square china sinks, black metal fixtures, and professionally trimmed mirrors. Smart home features include a Honeywell® Smart Thermostat and energy-efficient construction throughout. ✔ 4 Bedrooms + Den/Tech Space ✔ Open-Concept Kitchen with Island & Coffee Bar ✔ Whirlpool® Stainless Steel Appliances ✔ Congoleum® Vinyl Flooring Throughout ✔ Smart Thermostat & Energy Efficient ✔ 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: $41,662
• − Mortgage interest: −$31,746
• − Property taxes: −$8,501
• − Insurance: −$2,834
• − Repairs & maintenance: −$3,333
• − Management: −$3,333
• − Depreciation: −$16,487
• Taxable loss: −$24,571
• Est. tax savings @ 24.0%: +$5,897
• After-tax cash flow: $-8,188/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 · 13 photos

Excellent 95/100 None rehab

This move-in-ready home offers a modern and well-maintained interior with a clean exterior, making it an excellent investment opportunity.

Value-add opportunities

• Both Landscaping and curb appeal improvements — Enhanced curb appeal can attract more buyers and renters, increasing both resale and rental value.
• Both Add smart home features — Smart home features can increase the home's appeal to tech-savvy buyers and renters, enhancing both resale and rental value.

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping and curb appeal improvements — Enhanced curb appeal can attract more buyers and renters, increasing both resale and rental value. ↑
• Both Add smart home features — Smart home features can increase the home's appeal to tech-savvy buyers and renters, enhancing both resale and rental value. ↑

ⓘ 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

+2.9% since first listed

2 events — show timeline

• 2026-05-19 Price Changed $385,900 Zillow
• 2026-04-09 Listed $375,000 Zillow