196 New Hillcrest Dr · Greenville, NH 03048

$130,000

2 bd · 2.0 ba · 899 sqft · Manufactured public records · 7 Days on market

Built 1985

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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).

• Cash flow +23.9/30.0
• DSCR +7.7/10.0
• ARV discount +7.6/15.0
• 1% rule +6.1/10.0
• Schools +3.3/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Very spacious, well maintained 2 bedroom 2 bath mobile home in the highly sought after Greenville Estates! Nothing to do but move in! Level manicured lot with lots of plantings, large deck for entertaining as well as 2 sheds to store yard equipment. Buyer must obtain park approval prior to closing. Seller willing to transfer $1000 credit for coop fee.

Key facts

• New metal roof
• Wooded privacy
• Spacious kitchen

Tags

• WOODED PRIVACY
• SPACIOUS KITCHEN
• NEWLY RENOVATED BATHROOMS
• UPDATED DOUBLE-PANE WINDOWS
• NEW METAL ROOF
• NEWER WATER HEATER

🏢 Co-op / cooperative unit. The $130,000 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $130k.

Deal economics

• At list price, monthly cash flow is $252 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $130k).

Location & tenants

• Location reads 62/100 on livability (#86 in NH) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, cost of living A; Watch: employment D, schools F, amenities F.
• Mascenic Regional School District (rural): math 27% / reading 45% proficiency, ranked #69 of 98 in NH (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 21 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 $899 of loan paydown is wiped out by about $4k 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

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 10 sale attempts since 30y 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.

Recommended offer $130,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
3. 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.
4. 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.
5. 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: 1.11% ✓
• Cap rate: 8.62%
• Cash-on-cash: 8.32%
• DSCR: 1.37
• GRM: 7.5

CMA / ARV

• ARV (on-the-fly): $130,355
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
196 New Hillcrest Dr	0.00mi	2/2.0	899 (0%)	1mo	$140,000	$156	99
88 Laurel Dr	0.09mi	2/1.5	895 (-0%)	13mo	$130,000	$145	82
193 New Hillcrest Dr	0.05mi	2/2.0	944 (+5%)	15mo	$137,000	$145	77
167 Old Hillcrest Dr	0.21mi	2/1.5	922 (+3%)	10mo	$100,000	$108	75
190 New Hillcrest Dr	0.08mi	2/1.0	980 (+9%)	22mo	$144,000	$147	58
128 Mountainview Rd	0.12mi	2/1.0	990 (+10%)	19mo	$124,900	$126	58
38 Old Ashby Rd	0.20mi	1/1.0 (-1)	768 (-15%)	12mo	$45,000	$59	47
3 Titan Ln	0.26mi	2/1.0	784 (-13%)	22mo	$125,000	$159	44

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: -3.6%
• Equity multiple: 0.86×
• Total profit: $-4,980
• Equity at exit: $19,383

10-year hold

• IRR: 6.1%
• Equity multiple: 1.45×
• Total profit: $16,415
• Equity at exit: $11,240

Cash invested: $36,400 (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 03048

• Active inventory: 21
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,440 medium
• Mortgage (P&I): −$682
• Tax from tax record: −$150 /mo · $1,794/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$302
• Net cashflow: $252

Break-even live

Break-even rent $1,121

Max offer price $130,000

Occupancy floor 77%

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Listing history 30 events

1. 2026-04-03
   status Pending
2. 2026-03-27
   listed $130,000 Active
3. 2026-03-27
   historical $130,000
4. 2026-03-27
   listed $130,000 Active
5. 2024-08-01
   soldstatus $127,000 Closed 353-char remark

   Show marketing remark (353 chars)

   Very spacious, well maintained 2 bedroom 2 bath mobile home in the highly sought after Greenville Estates! Nothing to do but move in! Level manicured lot with lots of plantings, large deck for entertaining as well as 2 sheds to store yard equipment. Buyer must obtain park approval prior to closing. Seller willing to transfer $1000 credit for coop fee.

6. 2024-07-19
   soldstatus $127,000 Sold 345-char remark

   Show marketing remark (345 chars)

   Very spacious, well maintained 2 bedroom 2 bath mobile home in the highly sought after Greenville Estates! Nothing to do but move in! Level manicured lot with lots of plantings, large deck for entertaining as well as 2 sheds to store yard equipment. Buyer must obtain park approval prior to closing. Seller willing to transfer $1000 sign on fee.

7. 2024-06-18
   status Under Agreement 345-char remark

   Show marketing remark (353 chars)

   Very spacious, well maintained 2 bedroom 2 bath mobile home in the highly sought after Greenville Estates! Nothing to do but move in! Level manicured lot with lots of plantings, large deck for entertaining as well as 2 sheds to store yard equipment. Buyer must obtain park approval prior to closing. Seller willing to transfer $1000 credit for coop fee.

8. 2024-06-18
   status Pending 353-char remark

   Show marketing remark (353 chars)

   Very spacious, well maintained 2 bedroom 2 bath mobile home in the highly sought after Greenville Estates! Nothing to do but move in! Level manicured lot with lots of plantings, large deck for entertaining as well as 2 sheds to store yard equipment. Buyer must obtain park approval prior to closing. Seller willing to transfer $1000 credit for coop fee.

9. 2024-06-12
   listed $129,900 Active 353-char remark

   Show marketing remark (345 chars)

   Very spacious, well maintained 2 bedroom 2 bath mobile home in the highly sought after Greenville Estates! Nothing to do but move in! Level manicured lot with lots of plantings, large deck for entertaining as well as 2 sheds to store yard equipment. Buyer must obtain park approval prior to closing. Seller willing to transfer $1000 sign on fee.

10. 2024-06-12
    listed $129,900 New 345-char remark

    Show marketing remark (345 chars)

    Very spacious, well maintained 2 bedroom 2 bath mobile home in the highly sought after Greenville Estates! Nothing to do but move in! Level manicured lot with lots of plantings, large deck for entertaining as well as 2 sheds to store yard equipment. Buyer must obtain park approval prior to closing. Seller willing to transfer $1000 sign on fee.

11. 2021-08-19
    soldstatus $80,000 Sold
12. 2021-08-19
    soldstatus $80,000
13. 2021-07-04
    status Under Agreement
14. 2021-06-20
    historical Contingent
15. 2021-06-14
    listed $72,000 New
16. 2004-07-30
    soldstatus $49,900
17. 2004-07-30
    soldstatus $49,900
18. 2004-07-30
    soldstatus $49,900
19. 2004-06-23
    historical
20. 2004-06-15
    historical
21. 2004-06-15
    historical
22. 2004-06-14
    listed $49,900
23. 2004-06-14
    listed $49,900
24. 2004-06-14
    listed $49,900
25. 2003-04-25
    soldstatus $57,000
26. 2003-03-10
    historical
27. 2003-03-05
    listed $59,900
28. 1996-09-27
    soldstatus $23,000
29. 1996-08-13
    historical
30. 1996-02-19
    listed $23,500

ⓘ 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: $1,794 · $150/mo
• Projected year-2 tax: $2,314 · $193/mo
• Expected delta: +$520/yr (+$43/mo · 29.0%)

ⓘ 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 2/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥93°F today · 17 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 22% 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: $17,282
• − Mortgage interest: −$7,282
• − Property taxes: −$1,794
• − Insurance: −$650
• − Repairs & maintenance: −$1,383
• − Management: −$1,383
• − Depreciation: −$3,782
• Taxable income: $1,009
• Est. tax owed @ 24.0%: −$242
• After-tax cash flow: $2,786/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: Mascenic Regional School District
• NCES district ID: 3304670
• Math proficiency: 27% ▼ -23.00%
• Reading proficiency: 45% ▼ -13.00%
• Median HH income: $69,889
• Composite: 33.01/100
• National rank: #5577
• State rank: #69 of 98 in NH

Livability — Greenville

• Score: 62/100
• State rank: #86
• US rank: #16809

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 3,414

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 (89%)
• Race & ethnicity: White 89% Hispanic / Latino 6% Two or more races 4% Black 2% Asian 1%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Lithuanian 14% Slovak 6% Italian 4%
• Foreign-born: 1% · Canada
• Languages at home: 93% English-only · Spanish 4% French/Haitian/Cajun 1% Other Asian/Pacific 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: ▼ -133.70%
• Current HPI: 238.6036
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+453.2% since first listed

30 events — show timeline

• 2026-04-03 Pending — PrimeMLS
• 2026-03-27 Listed $130,000 PrimeMLS
• 2026-03-27 Coming Soon $130,000 PrimeMLS
• 2026-03-27 Listed $130,000 PrimeMLS
• 2024-08-01 Sold (MLS) $127,000 PrimeMLS
• 2024-07-19 Sold (MLS) $127,000 MLS PIN
• 2024-06-18 Pending — MLS PIN
• 2024-06-18 Pending — PrimeMLS
• 2024-06-12 Listed $129,900 MLS PIN
• 2024-06-12 Listed $129,900 PrimeMLS
• 2021-08-19 Sold (Public Records) $80,000 Public Records
• 2021-08-19 Sold (MLS) $80,000 MLS PIN
• 2021-07-04 Pending — MLS PIN
• 2021-06-20 Contingent — MLS PIN
• 2021-06-14 Listed $72,000 MLS PIN
• 2004-07-30 Sold (MLS) $49,900 PrimeMLS
• 2004-07-30 Sold (MLS) $49,900 MLS PIN
• 2004-07-30 Sold (MLS) $49,900 MLS PIN
• 2004-06-23 Listing Removed — MLS PIN
• 2004-06-15 Delisted — PrimeMLS
• 2004-06-15 Listing Removed — MLS PIN
• 2004-06-14 Listed $49,900 PrimeMLS
• 2004-06-14 Listed $49,900 MLS PIN
• 2004-06-14 Listed $49,900 MLS PIN
• 2003-04-25 Sold (MLS) $57,000 MLS PIN
• 2003-03-10 Listing Removed — MLS PIN
• 2003-03-05 Listed $59,900 MLS PIN
• 1996-09-27 Sold (MLS) $23,000 MLS PIN
• 1996-08-13 Listing Removed — MLS PIN
• 1996-02-19 Listed $23,500 MLS PIN

Property tax history

+6.4%/yr

Latest (2025): $1,794 · -0.1% YoY. Source: county tax records.