8 Longview Drive, Bow, NH 03304 — 3.7% Cash-on-Cash

About this property

8 Longview Drive is a custom-built contemporary single-family property in Bow, NH, offering 5,282 square feet across four bedrooms and six baths on 2.44 acres.

The property carries a few details worth noting before the financials. Each of the four bedrooms has its own ensuite bath — a configuration that meaningfully expands the tenant or buyer pool, particularly for high-end rentals where privacy matters. A finished walkout lower level adds flexible square footage that could serve as a fifth sleeping area, home office, or gym without touching the main living floors.

A four-season sunroom and a dedicated wellness room are the kind of amenity features that justify premium rent positioning in a market where most four-bedroom inventory tops out well below this price point. The 2.44-acre lot provides real separation from neighbors, which is harder to find as you move closer to Concord.

The listing has been on market 38 days and has already absorbed a $39,800 price reduction from its original ask. The tax-assessed value sits at $933,700 — slightly above the current list price of $920,000, which is an unusual inversion that suggests the seller is pricing to move. Public records list the property as non-owner occupied, meaning it's already been operating outside a primary-residence context.

The investment case

At a 3.7% cash-on-cash return, 8 Longview Drive sits well above the Bow city average — which currently runs at negative 10.0%.

List Price

$920,000

Monthly Payment (PITI+HOA)

$6,438

Principal & Interest

$4,594

Property Tax

$1,537

Insurance

$307

HOA

$0

PMI

$0

Est. Monthly Rent

$7,003

Estimated rent based on automated valuation of comparable listings.

Cash-on-Cash Return

3.7%

Cap Rate

8.7%

Monthly Cash Flow

$565

Gross Rent Multiplier

10.9

DSCR

1.5

That gap deserves emphasis. The city average cash-on-cash of -10.0% means most Bow deals, underwritten at 20% down and today's 6.55% mortgage rate, are bleeding cash every month. This property generates $565/month in positive cash flow against a total monthly payment of $6,438 — principal and interest of $4,594, property taxes of $1,537, and insurance of $307. No HOA, no PMI.

The cap rate of 8.7% is the metric that stands out most cleanly. It strips out financing entirely and reflects what the property earns relative to its price as an operating asset. An 8.7% cap on a $920,000 property implies a net operating income of $6,696/month, which is a strong figure for this price tier in southern New Hampshire.

The debt service coverage ratio of 1.5 means the property's income covers its debt obligations by 50% — lenders typically want to see 1.25 or higher, so there's meaningful cushion here. The gross rent multiplier of 10.9 is on the lower end for a property at this price, which generally favors the investor.

Estimated monthly rent is $7,003. Property taxes run $1,537/month, reflecting Bow's effective rate of 2.21% — the single largest cost drag on the deal. That rate is worth stress-testing: if assessed value is revised upward, the tax line moves with it. Figures exclude depreciation tax benefits, which vary by individual tax situation.

Annual return outlook

The 5-year total ROI projection of 11.6% draws from three sources, none of which is doing all the work alone.

Cash flow contributes 3.7% of that total — the component most directly visible in the monthly numbers. Mortgage paydown adds another 3.8%, a return that accrues quietly as principal balance falls each month regardless of market conditions. Appreciation accounts for the remaining 4.2%.

That appreciation figure is an estimate, not a market-derived data point, so it carries more uncertainty than the other two components. At 4.2% annually, it would add roughly $38,600 in value in year one on a $920,000 asset — meaningful, but not the dominant driver here the way appreciation is in markets where cash flow is negative.

What makes this projection relatively durable is the balance across all three components. Deals that depend almost entirely on appreciation to hit their return targets are exposed to any softening in price growth. Here, cash flow and paydown together account for 7.5 of the 11.6 projected points, meaning the deal still works in a flat or modestly declining appreciation environment.

The 38-day DOM and prior price cut don't change the forward math, but they do signal that the market hasn't validated the original ask. If a buyer negotiates further below $920,000, all three return components improve.

With two-thirds of projected return coming from cash flow and debt paydown, the 5-year thesis here doesn't require an optimistic appreciation assumption to hold up.

How it compares to nearby for-sale listings

Five active four-bedroom listings in the 03304 zip code provide pricing context, with a median sale price of $815,000.

8 Longview Drive is priced at $920,000 — $105,000 above that comp median. At 5,282 square feet, it works out to roughly $174/sqft. The nearest comparable by size and price, 5 Hamilton Court at $995,000 and 4,655 square feet, comes in at about $214/sqft. The property at 4 Hampshire Hills Drive — $819,900 for 3,544 square feet — implies closer to $231/sqft.

On a price-per-square-foot basis, 8 Longview Drive is actually priced below several smaller comps in the same zip, which reflects the premium square footage working in the buyer's favor. Larger homes don't always command proportionally higher per-foot prices, and that discount is visible here.

Days on market tells a secondary story. The comp at 11 Longview Drive — notably the same street, 400 square feet smaller, and priced at $815,000 — went under contract in zero days. That speed at a lower price point suggests the market is active but price-sensitive. The $39,800 reduction already absorbed at 8 Longview is consistent with that read: buyers in this zip are present but disciplined.

For an investor, the comp set confirms there's no shortage of four-bedroom inventory in 03304. The differentiation at 8 Longview is the square footage, the lot size, and the ensuite-per-bedroom configuration — features that don't appear in the lower-priced comps.

Rental demand in this zip

There are no active rental comps recorded for four-bedroom properties in ZIP 03304, which limits direct market validation of the rent estimate.

Estimated monthly rent for this property is $7,003. With zero comparable rentals currently tracked in the zip code, that figure can't be benchmarked against active market listings — it's a modeled estimate rather than a comp-derived one. That's a real limitation for underwriting confidence.

The absence of rental comps in 03304 isn't necessarily bearish. Bow is a predominantly owner-occupied community, and four-bedroom rentals at this price tier don't turn over frequently. Thin comp data can reflect low supply as much as low demand. Still, an investor should treat the $7,003 figure as a starting point and pressure-test it before closing.

What the financial structure does provide is a margin of safety. The deal reaches positive cash flow at $7,003/month rent. If actual achievable rent comes in at $6,500 — roughly 7% below the estimate — the monthly cash flow turns negative but the cap rate and DSCR remain respectable. At $6,438 (the total monthly payment), the break-even rent is essentially equal to the all-in payment, meaning the property doesn't require above-market rent to cover costs.

The six-bath layout and four ensuite bedrooms position this as a premium rental, likely targeting a relocating family or executive tenant rather than the broader rental pool. That narrows the tenant universe but supports the upper end of the rent range.

Who this property suits + risks to weigh

This property fits a patient, higher-net-worth investor who wants real cash flow in a market where positive returns are genuinely scarce.

Best fit

With Bow's city average cash-on-cash at -10.0%, a deal generating 3.7% CoC and $565/month in positive cash flow is among the strongest available locally — not just by a small margin. The tenth-best deal in Bow's current top-10 leaderboard returns only 0.5% CoC, which means this property clears that bar by more than three times.

The investor profile here is someone deploying $184,000 or more in down payment (20% of $920,000) who wants a hold-and-rent strategy with a long time horizon. The 11.6% total projected ROI is built for a 5-year hold, not a flip. The non-owner-occupied status in public records suggests this has already functioned as an investment property, which may mean there's an operating history available to review.

Risks to weigh

The 2.21% effective property tax rate is the most persistent risk. At $1,537/month, taxes alone consume 22% of the estimated rent. Any reassessment upward — and the current assessed value of $933,700 already exceeds the list price — could compress cash flow further. New Hampshire has no income tax, which attracts residents, but the property tax burden is the tradeoff.

The rent estimate is unvalidated by local comps. A property this large in a low-turnover rental market could sit vacant for months between tenants, and vacancy cost at $7,003/month adds up quickly. The 38-day DOM and prior price reduction suggest the buyer pool at this price point is selective. An investor should model a 6-8% vacancy rate conservatively.

Appreciation is estimated, not market-confirmed. The 4.2% annual figure is a reasonable assumption for southern New Hampshire, but it's the component with the most variance in the 5-year return model.