133 ENGLISH VILLAGE Rd #303 · Manchester, NH 03102

$195,000

2 bd · 1.0 ba · 912 sqft · Condo public records · 2 Days on market

Built 1974 $325/mo HOA · 16% 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).

• Cash flow +10.8/30.0
• ARV discount +7.5/15.0
• 1% rule +5.2/10.0
• Livability +4.2/5.0
• Rent growth +3.2/5.0
• DSCR +3.1/10.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks

This is a Rare, Great Deal on one of the larger (912 sq. ft. ) Two-Bedroom Condos in well-managed Pinewood Estates!!! Located on the 3rd floor, this condo faces south for tons of natural light and a view of the wooded rear of the property. Freshly painted with new carpeting throughout and new vinyl flooring in the kitchen and full bath. The extra-long living room can comfortably accommodate a large-screen TV, and the dining room could also be used as an office. A spacious primary bedroom offers a double closet for all of your clothes and shoes. There is a security door in the front and rear of the building and permitted parking for 2 vehicles, plus there's on-street parking for guests. A co

Key facts

• Double closet
• New carpeting
• Freshly painted

Tags

• VIEW OF WOODED REAR
• FRESHLY PAINTED
• NEW CARPETING
• NEW VINYL FLOORING
• EXTRA-LONG LIVING ROOM
• DOUBLE CLOSET

Property features AI

Finance

• Other: Association documents and property disclosure available
• HOA & community: Condo association: Pinewood Estates; HOA fee of $325 per month; HOA covers heat, hot water, water, sewer, trash, landscaping, plowing, recreation, master insurance, indoor storage, common heating/cooling, pool (in-ground), trash removal, and coin laundry

Exterior

• Parking: Paved driveway
• Utilities: Public water; Public sewer; Circuit breaker electric panel; High-speed internet available; Cable available
• Home design: Garden-style, top-floor unit; Unit #303; Red brick exterior; Shingle architectural roof; Built in 1974
• Construction: Brick exterior construction
• Exterior features: Condo development setting; Landscaped grounds; Sidewalks; Street lights; Paved driveway; Public road frontage

Interior

• Kitchen: Dishwasher; Exhaust hood; Microwave; Electric range; Refrigerator
• Bathrooms: One full bath
• Heating & cooling: Baseboard heating; Wall AC units
• Interior features: Five total rooms; One full bathroom

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $195k.

Deal economics

• At list price, monthly cash flow is $-90 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $179k (8.1% below list).
• Meets the 1% rule at list price ($2k rent vs $195k).
• Recommended offer: $179k (8.1% below list) — sets the bar for cash-flow.
• Cap rate 5.7% vs local median 3.1% in Manchester — 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 83/100 on livability (#10 in NH, #879 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing A+.
• Manchester School District (urban): math 14% / reading 27% proficiency, ranked #96 of 98 in NH (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising (+3.0%/yr); 71 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 981 units permitted in Hillsborough County in 2024 (381 in 5+ unit buildings).
• This rent runs 32% of the median local income ($74k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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 2 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $179,115 (8.1% 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. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.02% ✓
• Cap rate: 5.74%
• Cash-on-cash: -1.98%
• DSCR: 0.91
• GRM: 8.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.96% rent growth · sell at horizon

5-year hold

• IRR: -19.5%
• Equity multiple: 0.32×
• Total profit: $-37,184
• Equity at exit: $29,075

10-year hold

• IRR: -12.0%
• Equity multiple: 0.28×
• Total profit: $-39,184
• Equity at exit: $16,860

Cash invested: $54,600 (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 03102

• Home prices YoY: -16.2%
• Rents YoY: 3.0%
• Active inventory: 71
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,985 high
• Mortgage (P&I): −$1,023
• Tax from tax record: −$229 /mo · $2,753/yr
• Insurance: −$81
• HOA: −$325
• Vacancy / Maint / Mgmt: −$417
• Net cashflow: $-90

Break-even live

Break-even rent $2,099

Max offer price $179,115

Occupancy floor 100%

Sensitivity live

Price	-10% $20	-5% $-35	+0% $-90	+5% $-145	+10% $-200
Rent	-10% $-247	-5% $-168	+0% $-90	+5% $-12	+10% $67
Rate	-1.0pp $8	-0.5pp $-40	base $-90	+0.5pp $-140	+1.0pp $-192

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: $48,750
• Closing costs: $5,850
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
130 English Village Rd #302 Manchester, NH	2.0	1.0	899	$2,000	$2.22	44d	1	0.06mi
144 Dunbarton Rd Manchester, NH	2.0	1.0	488	$2,200	$4.51	14d	11	0.14mi
35 Andrew St Manchester, NH	3.0	1.0	1122	$2,500	$2.23	22d	1	0.71mi
440 River Rd Manchester, NH	1.0–2.0	1.0	875	$2,250	$2.57	14d	50	0.74mi
504 River Rd Apt 1F Manchester, NH	1.0	1.0	800	$1,250	$1.56	14d	1	0.80mi
150 River Rd Manchester, NH	2.0	1.0	840	$1,925	$2.29	22d	1	0.82mi
526 Hevey St Unit 4 Manchester, NH	1.0	1.0	600	$2,250	$3.75	44d	1	0.99mi
25 Laval St Manchester, NH	1.0	1.0	595	$1,400	$2.35	14d	2	1.03mi
495 Rimmon St Apt 2 Manchester, NH	3.0	1.0	1000	$2,050	$2.05	44d	1	1.04mi
591 Amory St #2 Manchester, NH	2.0	1.0	900	$1,900	$2.11	14d	1	1.10mi
12 Cumberland St Unit 3rd Floor Manchester, NH	2.0	1.0	1000	$1,795	$1.79	44d	1	1.11mi
83 Langdon St Unit 83-6 Langdon Manchester, NH	1.0	1.0	776	$1,550	$2.00	14d	1	1.13mi
1038 Union St Unit 1N Manchester, NH	1.0	1.0	900	$1,595	$1.77	14d	1	1.16mi
1555 Elm St Manchester, NH	2.0	1.0	809	$2,125	$2.63	14d	7	1.18mi
49 Sagamore St Unit 26 Manchester, NH	2.0	1.0	897	$1,960	$2.19	44d	1	1.22mi
23 Country Club Dr #1014 Manchester, NH	2.0	1.0	898	$2,200	$2.45	22d	1	1.22mi
55 Sagamore St Manchester, NH	2.0	1.0	847	$1,950	$2.30	14d	1	1.23mi
654 Chestnut St Manchester, NH	2.0	1.0	906	$1,750	$1.93	44d	1	1.23mi
28 Brook St Apt 2 Manchester, NH	3.0	1.0	1120	$2,150	$1.92	14d	1	1.24mi
53 Pennacook St Unit 2 Manchester, NH	2.0	1.0	576	$1,595	$2.77	44d	1	1.25mi
280 Thornton St Unit 2 Manchester, NH	2.0	1.0	950	$1,890	$1.99	14d	1	1.27mi
157 Cumberland St Unit 2 Manchester, NH	1.0	1.0	1000	$1,800	$1.80	44d	1	1.29mi
195 McGregor St Manchester, NH	2.0–3.0	1.0–2.0	1520	$2,435	$1.60	14d	7	1.29mi
282 Cartier St Unit 2 Manchester, NH	3.0	1.0	1100	$2,100	$1.91	22d	1	1.29mi
1361 Elm St Unit DLX+1BR Manchester, NH	1.0	1.0	550	$2,099	$3.82	14d	1	1.30mi
84 Blodget St Unit 5 Manchester, NH	1.0	1.0	575	$1,625	$2.83	22d	1	1.33mi
1297 Elm St Unit 1297-20 Elm Manchester, NH	1.0	1.0	653	$1,625	$2.49	44d	1	1.34mi
22a Country Club Dr Manchester, NH	1.0–2.0	1.0–1.5	887	$2,235	$2.52	14d	53	1.35mi
258 Notre Dame Ave Apt 1 Manchester, NH	3.0	1.0	1000	$2,000	$2.00	22d	1	1.36mi
1230 Elm St Manchester, NH	2.0–3.0	1.0	947	$2,250	$2.37	14d	25	1.37mi
40 Putnam St Apt 2 Manchester, NH	3.0	1.0	1112	$1,999	$1.80	22d	1	1.37mi
244 Notre Dame Ave Unit 3 Manchester, NH	2.0	1.0	800	$1,950	$2.44	44d	1	1.38mi
581 Chestnut St Manchester, NH	1.0	1.0	650	$1,395	$2.15	22d	1	1.38mi
765 Union St Manchester, NH	3.0	1.0	1000	$2,400	$2.40	14d	1	1.38mi
1200 Elm St Manchester, NH	1.0–2.0	1.0–2.0	947	$2,960	$3.12	14d	9	1.40mi
135 Sagamore St Unit 3 Manchester, NH	2.0	1.0	950	$1,895	$1.99	22d	1	1.42mi
715 Union St Manchester, NH	2.0	1.0	1040	$2,400	$2.31	44d	1	1.45mi
521 Pine St Apt 205 Manchester, NH	2.0	1.0	875	$1,725	$1.97	44d	1	1.48mi
521 Pine St Apt 205 Manchester, NH	2.0	1.0	875	$1,725	$1.97	14d	1	1.48mi
521 Pine St #105 Manchester, NH	2.0	1.0	880	$1,725	$1.96	22d	1	1.48mi

HOA detail condo

• Monthly dues: $325 · $3,900/yr
• Likely covers: security
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 2 events

1. 2026-05-05
   status Pending 1223-char remark
2. 2026-05-02
   listed $195,000 Active 1223-char remark

ⓘ 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: $2,753 · $229/mo
• Projected year-2 tax: $3,502 · $292/mo
• Expected delta: +$749/yr (+$62/mo · 27.2%)

ⓘ 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 4/10 Moderate 7 d/yr ≥95°F today · 17 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 21% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,823
• − Mortgage interest: −$10,923
• − Property taxes: −$2,753
• − Insurance: −$975
• − Repairs & maintenance: −$1,906
• − Management: −$1,906
• − HOA: −$3,900
• − Depreciation: −$5,673
• Taxable loss: −$4,212
• Est. tax savings @ 24.0%: +$1,011
• After-tax cash flow: $-68/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: Manchester School District
• NCES district ID: 3304590
• Math proficiency: 14% ▼ -10.00%
• Reading proficiency: 27% ▼ -6.00%
• Median HH income: $54,096
• Composite: 18.67/100
• National rank: #8886
• State rank: #96 of 98 in NH

Livability — Manchester

• Score: 83/100
• State rank: #10
• US rank: #879

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Manchester, NH
• County: Hillsborough County · 309,362 people
• City population: 110,172
• Metro: Manchester-Nashua, NH
• Population (ZIP): 33,959
• Household income: $74,327
• Rent vs Own: 59.0% rent · 41.0% own
• Severe rent burden: 1368.0

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 (75%)
• Race & ethnicity: White 75% Hispanic / Latino 9% Two or more races 8% Black 6% Asian 5%
• Hispanic origin (detail): Mexican 1% Puerto Rican 3% Dominican 2%
• Common ancestry: Lithuanian 11% Romanian 3% Slovak 3%
• Foreign-born: 14% · Canada, China, India
• Languages at home: 81% English-only · Spanish 5% French/Haitian/Cajun 5% Other Indo-European 3%

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: ▼ -68.62%
• Current HPI: 355.9606
• Rent YoY: ▲ 2.96%
• Metro: Manchester-Nashua, NH
• State GDP YoY: —
• F500 in state: 0

Price history

+0.0% since first listed

3 events — show timeline

• 2026-06-16 Sold (MLS) $195,000 PrimeMLS
• 2026-05-05 Pending — PrimeMLS
• 2026-05-02 Listed $195,000 PrimeMLS

Property tax history

+3.2%/yr

Latest (2024): $2,753 · +3.8% YoY. Source: county tax records.