343 Old Lake Shore Rd #21 · Laconia, NH 03249

$169,900

2 bd · 1.0 ba · 784 sqft · Manufactured public records · 58 Days on market

Built 2022 $217/sqft · 37% below area Est $270k · 37% under ↓ 11% since listing

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Why this score? — see what drove the A- 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 +26.7/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• DSCR +9.1/10.0
• 1% rule +6.2/10.0
• Schools +4.6/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Tucked into one of the most private locations within the old lakes shore co-op park in Gilford NH, this newer home offers a sense of space and calm that’s hard to find in park living. Set slightly higher than surrounding homes, the positioning creates a subtle but meaningful separation—giving you a feeling of your own corner of the neighborhood. Step inside and the tone shifts immediately. High ceilings open up the living space, natural light moves easily throughout, and fresh paint gives everything a clean, move-in ready feel. The layout is simple and functional, with two comfortable bedrooms and a thoughtfully placed laundry area just off the bathroom—designed for easy, everyday living. Outside, a large shed adds valuable storage, whether it’s for tools, seasonal gear, or everything that comes with living near the lake. And that’s really where this home shines—its connection to everything around it. From here, you’re just minutes to Gilford Town Beach, Mountain View Yacht Club, Beans & Greens Farm Stand, and the Bank of New Hampshire Pavilion. Even closer, you can walk to Gilford Hills Tennis Club for a match or a quick workout. This isn’t just an affordable way into the Lakes Region—it’s a smarter way to live here. Low maintenance, well-positioned, and close to the places that make Gilford so desirable.

Key facts

• Large shed
• Private location
• Built 2022

Tags

• PRIVATE LOCATION
• LARGE SHED
• MINUTES TO GILFORD TOWN BEACH

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $170k.

Deal economics

• At list price, monthly cash flow is $457 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $170k).
• Recommended offer: $165k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.5% vs local median 1.8% in Laconia — 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 79/100 on livability (#20 in NH, #2,314 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D, commute F.
• Gilford School District (rural): math 52% / reading 52% proficiency, ranked #32 of 98 in NH (top 33%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 17% free/reduced lunch — higher-income household profile.
• Market conditions: 86 active listings in the ZIP; 301 units permitted in Belknap County in 2024 (32 in 5+ unit buildings).

Forward outlook

• In year one you build about $18k of equity ($1k loan paydown + $17k appreciation (10.0% local appreciation)).
• Belknap County population projected at -10% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $48k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$46k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 58 days — a 3% lower offer ($165k) is reasonable based on typical stale-listing flexibility.

Recommended offer $164,803 (3.0% below list)

Questions for the listing agent

1. It's been on market 58 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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: 1.12% ✓
• Cap rate: 9.52%
• Cash-on-cash: 11.54%
• DSCR: 1.51
• GRM: 7.4

CMA / ARV

• ARV (median comp): $269,859
• List price: $169,900
• Delta: -37.04%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
344 Old Lakeshore Rd #12	0.11mi	2/1.0	800 (+2%)	1mo	$192,000	$240	90
303 Old Lakeshore Rd Unit A-8	0.16mi	2/1.0	728 (-7%)	1mo	$159,000	$218	80
303 Old Lakeshore Rd Unit F1	0.16mi	2/1.0	756 (-4%)	23mo	$75,000	$99	68
303 Old Lakeshore Rd Unit H-2	0.16mi	2/2.0	900 (+15%)	1mo	$88,000	$98	63
303 Old Lakeshore Rd Unit E-11	0.16mi	2/1.5	840 (+7%)	19mo	$147,500	$176	63
303 Old Lake Shore Rd Unit C14	0.16mi	2/1.0	899 (+15%)	11mo	$150,000	$167	59
303 Old Lakeshore Rd Unit B-4	0.16mi	1/1.0 (-1)	684 (-13%)	12mo	$125,000	$183	56

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 32.7%
• Equity multiple: 3.56×
• Total profit: $121,615
• Equity at exit: $153,059

10-year hold

• IRR: 28.2%
• Equity multiple: 8.04×
• Total profit: $335,135
• Equity at exit: $330,078

Cash invested: $47,572 (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 03249

• Home prices YoY: 8.5%
• Active inventory: 86
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,909 medium
• Mortgage (P&I): −$891
• Tax from tax record: −$89 /mo · $1,072/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$401
• Net cashflow: $457

Break-even live

Break-even rent $1,331

Max offer price $169,900

Occupancy floor 71%

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: $42,475
• Closing costs: $5,097
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-19
   days on market $169,900 Active 58 DOM
2. 2026-06-18
   days on market $169,900 Active 57 DOM
3. 2026-06-17
   days on market $169,900 Active 56 DOM
4. 2026-06-16
   days on market $169,900 Active 55 DOM
5. 2026-06-15
   days on market $169,900 Active 54 DOM
6. 2026-06-14
   days on market $169,900 Active 52 DOM
7. 2026-06-12
   days on market $169,900 Active 51 DOM
8. 2026-06-09
   days on market $169,900 Active 48 DOM
9. 2026-06-08
   days on market $169,900 Active 47 DOM
10. 2026-06-07
    days on market $169,900 Active 46 DOM
11. 2026-06-05
    days on market $169,900 Active 44 DOM
12. 2026-06-04
    days on market $169,900 Active 42 DOM
13. 2026-06-02
    days on market $169,900 Active 41 DOM
14. 2026-06-01
    days on market $169,900 Active 40 DOM
15. 2026-05-31
    days on market $169,900 Active 39 DOM
16. 2026-05-31
    days on market $169,900 Active 38 DOM
17. 2026-05-02
    price $169,900 1393-char remark

    Show marketing remark (1393 chars)

    Tucked into one of the most private locations within the old lakes shore co-op park in Gilford NH, this newer home offers a sense of space and calm that’s hard to find in park living. Set slightly higher than surrounding homes, the positioning creates a subtle but meaningful separation—giving you a feeling of your own corner of the neighborhood. Step inside and the tone shifts immediately. High ceilings open up the living space, natural light moves easily throughout, and fresh paint gives everything a clean, move-in ready feel. The layout is simple and functional, with two comfortable bedrooms and a thoughtfully placed laundry area just off the bathroom—designed for easy, everyday living. Outside, a large shed adds valuable storage, whether it’s for tools, seasonal gear, or everything that comes with living near the lake. And that’s really where this home shines—its connection to everything around it. From here, you’re just minutes to Gilford Town Beach, Mountain View Yacht Club, Beans & Greens Farm Stand, and the Bank of New Hampshire Pavilion. Even closer, you can walk to Gilford Hills Tennis Club for a match or a quick workout. This isn’t just an affordable way into the Lakes Region—it’s a smarter way to live here. Low maintenance, well-positioned, and close to the places that make Gilford so desirable.

18. 2026-04-22
    listed $189,900 Active 1393-char remark

    Show marketing remark (1393 chars)

    Tucked into one of the most private locations within the old lakes shore co-op park in Gilford NH, this newer home offers a sense of space and calm that’s hard to find in park living. Set slightly higher than surrounding homes, the positioning creates a subtle but meaningful separation—giving you a feeling of your own corner of the neighborhood. Step inside and the tone shifts immediately. High ceilings open up the living space, natural light moves easily throughout, and fresh paint gives everything a clean, move-in ready feel. The layout is simple and functional, with two comfortable bedrooms and a thoughtfully placed laundry area just off the bathroom—designed for easy, everyday living. Outside, a large shed adds valuable storage, whether it’s for tools, seasonal gear, or everything that comes with living near the lake. And that’s really where this home shines—its connection to everything around it. From here, you’re just minutes to Gilford Town Beach, Mountain View Yacht Club, Beans & Greens Farm Stand, and the Bank of New Hampshire Pavilion. Even closer, you can walk to Gilford Hills Tennis Club for a match or a quick workout. This isn’t just an affordable way into the Lakes Region—it’s a smarter way to live here. Low maintenance, well-positioned, and close to the places that make Gilford so desirable.

ⓘ 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: $1,072 · $89/mo
• Projected year-2 tax: $2,388 · $199/mo
• Expected delta: +$1,316/yr (+$110/mo · 122.8%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥91°F today · 16 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 8% 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: $22,913
• − Mortgage interest: −$9,517
• − Property taxes: −$1,072
• − Insurance: −$850
• − Repairs & maintenance: −$1,833
• − Management: −$1,833
• − Depreciation: −$4,943
• Taxable income: $2,866
• Est. tax owed @ 24.0%: −$688
• After-tax cash flow: $4,800/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: Gilford School District
• NCES district ID: 3303180
• Math proficiency: 52% ▼ -9.00%
• Reading proficiency: 52% ▼ -11.00%
• Median HH income: $65,107
• Composite: 45.9/100
• National rank: #2550
• State rank: #32 of 98 in NH

Livability — Laconia

• Score: 79/100
• State rank: #20
• US rank: #2314

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 17,103
• Population (ZIP): 7,785

Population outlook (Belknap County) Hauer SSP2

• Today (2025): 60,702 people
• By 2030: 60,353 · -0.6%
• By 2040: 58,264 · -4.0%
• By 2050: 54,533 · -10.2%
• By 2075: 45,622 · -24.8%
• By 2100: 33,772 · -44.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Hispanic / Latino 4% Two or more races 4% Asian 3%
• Common ancestry: Lithuanian 12% Italian 5% Slovak 4%
• Foreign-born: 3% · China, South Korea
• Languages at home: 96% English-only · Other Indo-European 3% German/W. Germanic 1%

Political lean MEDSL · Belknap

• 2024 margin: R (+13.1) · D 43.1% · R 56.1%
• 2008→2024 swing: -14.2pp toward R · 2008: 1.2pp · 2024: -13.1pp
• All cycles: 2024: R+13.1 2020: R+10.4 2016: R+16.8 2012: R+5.0 2008: D+1.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 33.06%
• Current HPI: 420.4481
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-10.5% since first listed

2 events — show timeline

• 2026-05-02 Price Changed $169,900 PrimeMLS
• 2026-04-22 Listed $189,900 PrimeMLS

Property tax history

+9.3%/yr

Latest (2025): $1,072 · +5.3% YoY. Source: county tax records.