20 Fiske Pl · Claremont, NH 03743

$55,000

3 bd · 1.5 ba · 924 sqft · Manufactured public records · 5 Days on market

Built 1980 Est $63k · 12% under $415/mo HOA · 22% of rent

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Why this score? — see what drove the B+ 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).

• Cash flow +30.0/30.0
• ARV discount +13.1/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +5.1/10.0
• 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

3 BEDROOMS, MASTER BEDROOM ON BACK END OF HOME. LOTS OF ROOM TO MOVE AROUND. HANDY SHED ON PROPERTY AND AN AWNING FOR SITTING IN THE SHADE. SEE HOW MUCH ROOM 924 SQUARE FEET CAN GIVE YOU.

Key facts

• Updated windows
• Eat-in kitchen
• Flower beds

Tags

• BACK PATIO
• FLOWER BEDS
• EAT-IN KITCHEN
• UPDATED WINDOWS
• ELECTRIC HOT WATER HEATER
• WASHER DRYER INCLUDED

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath manufactured listed at $55k.

Deal economics

• At list price, monthly cash flow is $725 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $55k).
• Cap rate 22.1% 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-, amenities F, commute 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.
• Zoned schools: Disnard Elementary School (math 17% / reading 27%, grade F, #242 of 263 statewide, top 92%, 237 students, 48% FRL) — zoned schools at 48% FRL track the district average.
• Market conditions: 58 active listings in the ZIP; 98 units permitted in Sullivan County in 2024 (0 in 5+ unit buildings).
• This rent runs 39% of the median local income ($60k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $491 of equity ($380 loan paydown + $111 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.
• At projected returns (0.2% appreciation + 3.0% rent growth), your $15k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 14y ago; this cycle's ask is 10% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $5k; list at $55k implies a 1000% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 22% of rent.

Recommended offer $55,000

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 3.49% ✓
• Cap rate: 22.12%
• Cash-on-cash: 56.52%
• DSCR: 3.51
• GRM: 2.4

CMA / ARV

• ARV (on-the-fly): $62,832
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
20 Fiske Pl	0.00mi	3/1.5	924 (0%)	1mo	$39,000	$42	99
37 Fiske Pl	0.09mi	2/2.0 (-1)	924 (0%)	12mo	$81,500	$88	79
21 Brandon Pl #21	0.51mi	2/2.0 (-1)	924 (0%)	8mo	$49,000	$53	62
2 Collin Pl	0.41mi	2/2.0 (-1)	972 (+5%)	9mo	$53,000	$55	58
11 Rachael Pl	0.61mi	2/2.0 (-1)	980 (+6%)	1mo	$64,000	$65	54
17 Rachael Pl	0.62mi	2/1.0 (-1)	944 (+2%)	10mo	$64,000	$68	52
21 Krista Pl	0.50mi	2/2.0 (-1)	980 (+6%)	11mo	$77,500	$79	50
14 Krista Pl	0.52mi	2/2.0 (-1)	980 (+6%)	16mo	$87,000	$89	45
3 Krista Pl	0.57mi	2/2.0 (-1)	906 (-2%)	22mo	$100,000	$110	45

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: 58.6%
• Equity multiple: 3.95×
• Total profit: $45,393
• Equity at exit: $16,527

10-year hold

• IRR: 60.8%
• Equity multiple: 8.01×
• Total profit: $107,973
• Equity at exit: $20,316

Cash invested: $15,400 (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: 2.4×

Monthly cashflow live

• Estimated rent: $1,922 medium
• Mortgage (P&I): −$288
• Tax from tax record: −$66 /mo · $797/yr
• Insurance: −$23
• HOA: −$415
• Vacancy / Maint / Mgmt: −$404
• Net cashflow: $725

Break-even live

Break-even rent $1,003

Max offer price $55,000

Occupancy floor 57%

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: $13,750
• Closing costs: $1,650
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $415 · $4,980/yr

Listing history 5 events

1. 2026-04-04
   status Pending
2. 2026-03-31
   price $55,000
3. 2026-03-30
   listed $49,900 Active
4. 2013-02-21
   soldstatus $5,000 187-char remark

   Show marketing remark (187 chars)

   3 BEDROOMS, MASTER BEDROOM ON BACK END OF HOME. LOTS OF ROOM TO MOVE AROUND. HANDY SHED ON PROPERTY AND AN AWNING FOR SITTING IN THE SHADE. SEE HOW MUCH ROOM 924 SQUARE FEET CAN GIVE YOU.

5. 2012-10-28
   listed $7,800 187-char remark

   Show marketing remark (187 chars)

   3 BEDROOMS, MASTER BEDROOM ON BACK END OF HOME. LOTS OF ROOM TO MOVE AROUND. HANDY SHED ON PROPERTY AND AN AWNING FOR SITTING IN THE SHADE. SEE HOW MUCH ROOM 924 SQUARE FEET CAN GIVE YOU.

ⓘ 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: $797 · $66/mo
• Projected year-2 tax: $998 · $83/mo
• Expected delta: +$201/yr (+$17/mo · 25.2%)

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

Taxation est. · year 1

• Rental income: $23,060
• − Mortgage interest: −$3,081
• − Property taxes: −$797
• − Insurance: −$275
• − Repairs & maintenance: −$1,845
• − Management: −$1,845
• − HOA: −$4,980
• − Depreciation: −$1,600
• Taxable income: $8,637
• Est. tax owed @ 24.0%: −$2,073
• After-tax cash flow: $6,631/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

+605.1% since first listed

5 events — show timeline

• 2026-04-04 Pending — PrimeMLS
• 2026-03-31 Price Changed $55,000 PrimeMLS
• 2026-03-30 Listed $49,900 PrimeMLS
• 2013-02-21 Sold (MLS) $5,000 PrimeMLS
• 2012-10-28 Listed $7,800 PrimeMLS

Property tax history

-1.1%/yr

Latest (2025): $797 · +4.3% YoY. Source: county tax records.