22 Fairfield Dr · Concord, NH 03301

$150,000

2 bd · 1.0 ba · 1,152 sqft · Manufactured public records · 170 Days on market

Built 1972 $130/sqft · 8% above area Est $138k · 8% over $614/mo HOA · 29% 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 +16.4/30.0
• 1% rule +9.4/10.0
• DSCR +5.1/10.0
• Livability +4.5/5.0
• ARV discount +3.7/15.0
• Rent growth +3.4/5.0
• Schools +3.2/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Crestwood Village homes at this affordable price do not come available too often. A delightful location backing up to the woods will please all of the nature lovers. Right in your back yard you'll enjoy watching the turkeys and the songbirds who come to visit. This pet friendly park is highly desirable in Concoerd as it is well kept and offers beautiful grounds, only minutes from dining, shopping, hospitals and more. The generously sized living and dining area with the large picture window is bright and sunny in the afternoon hours. There is plenty of room for guests or hobbies. Down the hall is an enormous front to back primary bedroom with double closets. New roof on house and new flooring throughout in 2025. New roof on back porch and repairs made March 2026. Back on market - Buyer was unable to send deposit.

Key facts

• Double closets
• Large picture window
• New roof

Tags

• LARGE PICTURE WINDOW
• DOUBLE CLOSETS
• NEW ROOF
• NEW FLOORING THROUGHOUT

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $150k.

Deal economics

• At list price, monthly cash flow is $84 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.0% vs local median 2.0% in Concord — 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 91/100 on livability (#2 in NH, #60 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing A+.
• Concord School District (town): math 27% / reading 47% proficiency, ranked #71 of 98 in NH (top 72%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.7%/yr); 89 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 75% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 380 units permitted in Merrimack County in 2024 (28 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Merrimack County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 170 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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.

Risks & watch-outs

• Watch-outs: HOA is 29% of rent.

Recommended offer $132,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 170 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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 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: 1.44% ✓
• Cap rate: 6.97%
• Cash-on-cash: 2.40%
• DSCR: 1.11
• GRM: 5.8

CMA / ARV

• ARV (median comp): $138,345
• List price: $150,000
• Delta: 8.42%
• Verdict: FAIR
• Comps: 12 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6 Centerwood Dr	0.15mi	2/2.0	1,176 (+2%)	0mo	$260,000	$221	85
18 Centerwood Dr	0.13mi	2/1.0	1,056 (-8%)	5mo	$60,000	$57	76
12 Fairfield Dr	0.08mi	2/2.0	1,100 (-4%)	15mo	$185,000	$168	72
26 Fairfield Dr	0.03mi	3/1.5 (+1)	1,152 (0%)	24mo	$164,900	$143	72
9 Strawberry Ln	0.22mi	2/1.5	1,064 (-8%)	5mo	$145,000	$136	71
18 Bridle Path Trl	0.26mi	2/2.0	1,104 (-4%)	10mo	$190,000	$172	69
21 Fairfield Dr	0.03mi	3/2.0 (+1)	1,296 (+12%)	2mo	$345,900	$267	68
78 Fairfield Dr	0.33mi	2/2.0	1,104 (-4%)	8mo	$175,000	$159	67
15 Bridle Path Trl	0.28mi	3/2.0 (+1)	1,078 (-6%)	4mo	$127,500	$118	64
10 Kozy Trl	0.33mi	2/1.0	1,040 (-10%)	16mo	$150,000	$144	55
69 Manchester St #10	0.38mi	3/2.0 (+1)	1,072 (-7%)	10mo	$127,000	$118	53

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 · 3.71% rent growth · sell at horizon

5-year hold

• IRR: -11.0%
• Equity multiple: 0.60×
• Total profit: $-17,007
• Equity at exit: $22,365

10-year hold

• IRR: 0.0%
• Equity multiple: 1.00×
• Total profit: $126
• Equity at exit: $12,969

Cash invested: $42,000 (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 03301

• Home prices YoY: -30.6%
• Rents YoY: 3.7%
• Active inventory: 89
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $2,154 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$154 /mo · $1,851/yr
• Insurance: −$62
• HOA: −$614
• Vacancy / Maint / Mgmt: −$452
• Net cashflow: $84

Break-even live

Break-even rent $2,047

Max offer price $150,000

Occupancy floor 91%

Sensitivity live

Price	-10% $169	-5% $127	+0% $84	+5% $42	+10% $-1
Rent	-10% $-86	-5% $-1	+0% $84	+5% $169	+10% $254
Rate	-1.0pp $160	-0.5pp $122	base $84	+0.5pp $45	+1.0pp $6

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
30 Cherry St Unit 30-304 Concord, NH	2.0	1.0	1050	$2,235	$2.13	44d	1	0.17mi
13 Stickney Ave Unit 13S8 Concord, NH	2.0	1.5	806	$2,375	$2.95	44d	1	1.45mi
11 Stickney Ave #133 Concord, NH	2.0	1.0	997	$2,550	$2.56	44d	1	1.45mi
11 Stickney Ave Concord, NH	2.0–3.0	1.0–1.5	1039	$2,375	$2.28	14d	25	1.45mi

HOA detail

• Monthly dues: $614 · $7,368/yr
• Likely covers: landscaping

Listing history 22 events

1. 2026-06-19
   days on market $150,000 Active 170 DOM
2. 2026-06-18
   days on market $150,000 Active 169 DOM
3. 2026-06-17
   days on market $150,000 Active 168 DOM
4. 2026-06-16
   days on market $150,000 Active 167 DOM
5. 2026-06-15
   days on market $150,000 Active 166 DOM
6. 2026-06-14
   days on market $150,000 Active 164 DOM
7. 2026-06-13
   days on market $150,000 Active 163 DOM
8. 2026-06-10
   days on market $150,000 Active 161 DOM
9. 2026-06-09
   days on market $150,000 Active 160 DOM
10. 2026-06-08
    days on market $150,000 Active 159 DOM
11. 2026-06-07
    days on market $150,000 Active 158 DOM
12. 2026-06-05
    pricedays on market $150,000 Active 155 DOM
13. 2026-06-02
    days on market $155,000 Active 153 DOM
14. 2026-06-01
    days on market $155,000 Active 152 DOM
15. 2026-05-31
    days on market $155,000 Active 151 DOM
16. 2026-05-30
    days on market $155,000 Active 150 DOM
17. 2026-04-15
    status Active 824-char remark

    Show marketing remark (824 chars)

    Crestwood Village homes at this affordable price do not come available too often. A delightful location backing up to the woods will please all of the nature lovers. Right in your back yard you'll enjoy watching the turkeys and the songbirds who come to visit. This pet friendly park is highly desirable in Concoerd as it is well kept and offers beautiful grounds, only minutes from dining, shopping, hospitals and more. The generously sized living and dining area with the large picture window is bright and sunny in the afternoon hours. There is plenty of room for guests or hobbies. Down the hall is an enormous front to back primary bedroom with double closets. New roof on house and new flooring throughout in 2025. New roof on back porch and repairs made March 2026. Back on market - Buyer was unable to send deposit.

18. 2026-03-30
    historical Active with Contract 824-char remark

    Show marketing remark (824 chars)

    Crestwood Village homes at this affordable price do not come available too often. A delightful location backing up to the woods will please all of the nature lovers. Right in your back yard you'll enjoy watching the turkeys and the songbirds who come to visit. This pet friendly park is highly desirable in Concoerd as it is well kept and offers beautiful grounds, only minutes from dining, shopping, hospitals and more. The generously sized living and dining area with the large picture window is bright and sunny in the afternoon hours. There is plenty of room for guests or hobbies. Down the hall is an enormous front to back primary bedroom with double closets. New roof on house and new flooring throughout in 2025. New roof on back porch and repairs made March 2026. Back on market - Buyer was unable to send deposit.

19. 2026-03-05
    price $155,000 824-char remark

    Show marketing remark (824 chars)

    Crestwood Village homes at this affordable price do not come available too often. A delightful location backing up to the woods will please all of the nature lovers. Right in your back yard you'll enjoy watching the turkeys and the songbirds who come to visit. This pet friendly park is highly desirable in Concoerd as it is well kept and offers beautiful grounds, only minutes from dining, shopping, hospitals and more. The generously sized living and dining area with the large picture window is bright and sunny in the afternoon hours. There is plenty of room for guests or hobbies. Down the hall is an enormous front to back primary bedroom with double closets. New roof on house and new flooring throughout in 2025. New roof on back porch and repairs made March 2026. Back on market - Buyer was unable to send deposit.

20. 2026-03-05
    status Active 824-char remark

    Show marketing remark (824 chars)

    Crestwood Village homes at this affordable price do not come available too often. A delightful location backing up to the woods will please all of the nature lovers. Right in your back yard you'll enjoy watching the turkeys and the songbirds who come to visit. This pet friendly park is highly desirable in Concoerd as it is well kept and offers beautiful grounds, only minutes from dining, shopping, hospitals and more. The generously sized living and dining area with the large picture window is bright and sunny in the afternoon hours. There is plenty of room for guests or hobbies. Down the hall is an enormous front to back primary bedroom with double closets. New roof on house and new flooring throughout in 2025. New roof on back porch and repairs made March 2026. Back on market - Buyer was unable to send deposit.

21. 2026-02-26
    historical Active with Contract 824-char remark

    Show marketing remark (824 chars)

    Crestwood Village homes at this affordable price do not come available too often. A delightful location backing up to the woods will please all of the nature lovers. Right in your back yard you'll enjoy watching the turkeys and the songbirds who come to visit. This pet friendly park is highly desirable in Concoerd as it is well kept and offers beautiful grounds, only minutes from dining, shopping, hospitals and more. The generously sized living and dining area with the large picture window is bright and sunny in the afternoon hours. There is plenty of room for guests or hobbies. Down the hall is an enormous front to back primary bedroom with double closets. New roof on house and new flooring throughout in 2025. New roof on back porch and repairs made March 2026. Back on market - Buyer was unable to send deposit.

22. 2025-12-31
    listed $150,000 Active 824-char remark

    Show marketing remark (824 chars)

    Crestwood Village homes at this affordable price do not come available too often. A delightful location backing up to the woods will please all of the nature lovers. Right in your back yard you'll enjoy watching the turkeys and the songbirds who come to visit. This pet friendly park is highly desirable in Concoerd as it is well kept and offers beautiful grounds, only minutes from dining, shopping, hospitals and more. The generously sized living and dining area with the large picture window is bright and sunny in the afternoon hours. There is plenty of room for guests or hobbies. Down the hall is an enormous front to back primary bedroom with double closets. New roof on house and new flooring throughout in 2025. New roof on back porch and repairs made March 2026. Back on market - Buyer was unable to send deposit.

ⓘ 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: $1,851 · $154/mo
• Projected year-2 tax: $2,560 · $213/mo
• Expected delta: +$710/yr (+$59/mo · 38.3%)

ⓘ 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 ≥96°F today · 17 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 15% 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: $25,846
• − Mortgage interest: −$8,402
• − Property taxes: −$1,851
• − Insurance: −$750
• − Repairs & maintenance: −$2,068
• − Management: −$2,068
• − HOA: −$7,368
• − Depreciation: −$4,364
• Taxable loss: −$1,024
• Est. tax savings @ 24.0%: +$246
• After-tax cash flow: $1,256/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: Concord School District
• NCES district ID: 3302460
• Math proficiency: 27% ▼ -21.00%
• Reading proficiency: 47% ▼ -12.00%
• Median HH income: $55,419
• Composite: 32.45/100
• National rank: #5719
• State rank: #71 of 98 in NH

Livability — Concord

• Score: 91/100
• State rank: #2
• US rank: #60

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Concord, NH
• County: Merrimack County · 65,598 people
• City population: 33,995
• Metro: Concord, NH
• Population (ZIP): 33,995
• Household income: $86,840
• Rent vs Own: 44.5% rent · 55.5% own
• Severe rent burden: 1312.0

Population outlook (Merrimack County) Hauer SSP2

• Today (2025): 151,287 people
• By 2030: 151,867 · +0.4%
• By 2040: 149,927 · -0.9%
• By 2050: 144,081 · -4.8%
• By 2075: 132,018 · -12.7%
• By 2100: 111,733 · -26.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 5% Black 4% Hispanic / Latino 4% Asian 4%
• Common ancestry: Lithuanian 12% Romanian 3% Slovak 3%
• Foreign-born: 9% · Canada, India
• Languages at home: 90% English-only · Spanish 2% Other Indo-European 2% French/Haitian/Cajun 1%

Political lean MEDSL · Merrimack

• 2024 margin: Lean D (+5.2) · D 52.1% · R 46.9% · Other 1.0%
• 2008→2024 swing: -8.7pp toward R · 2008: 13.9pp · 2024: 5.2pp
• All cycles: 2024: D+5.2 2020: D+9.8 2016: D+3.1 2012: D+12.7 2008: D+13.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -161.92%
• Current HPI: 367.965
• Rent YoY: ▲ 3.71%
• Metro: Concord, NH
• State GDP YoY: —
• F500 in state: 0

Price history

+3.3% since first listed

6 events — show timeline

• 2026-04-15 Relisted — PrimeMLS
• 2026-03-30 Contingent — PrimeMLS
• 2026-03-05 Price Changed $155,000 PrimeMLS
• 2026-03-05 Relisted — PrimeMLS
• 2026-02-26 Contingent — PrimeMLS
• 2025-12-31 Listed $150,000 PrimeMLS

Property tax history

+4.8%/yr

Latest (2025): $1,851 · +5.1% YoY. Source: county tax records.