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Cap Rate Analysis: Manchester, NH

Investment metrics, interactive calculators, and data-driven analysis for Manchester rental properties.

Challenging for pure cash flow
Based on $380,000 median price and $1,680/mo median rent
Est. Cap Rate
2.42%
1% Rule
0.44%
Fails
GRM
18.8x
Price / Income
5.6x

Market Data

Median Home Price$380,000
Median Monthly Rent$1,680
Property Tax Rate1.86%
Population115,644
Population Growth0.5% / yr
Median Household Income$68,400
Vacancy Rate4.2%
Annual Appreciation2.6%

Cap Rate Calculator — Manchester

Pre-filled with Manchester medians. Adjust to match a specific property.

Property Details
$
$
3–8% typical
%
Monthly Expenses
1.86% rate
$
$
8–10% of rent
$
8–12% of rent
$
Cap Rate
1.87%Low
Net Operating Income ÷ Purchase Price
NOI / Year
$7,097
net operating income
Gross Rent Multiplier
18.8x
High (>15)
1% Rule
0.44%
✗ Fails
Monthly Cash Flow
$591
before debt service
Annual Breakdown
Gross Rental Income$20,160
Less Vacancy−$847
Effective Income$19,313
Less Operating Expenses−$12,216
Net Operating Income$7,097

Cash-on-Cash Return — Manchester

Factor in financing to see your actual return on invested capital in Manchester.

$
$95,000
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-9.97%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$106,400
$95,000 down + $11,400 closing
Monthly Mortgage
$1,858
on $285K loan
Monthly Cash Flow
$-884
after all expenses
Annual Cash Flow
$-10,608
before taxes
Cash Flow Breakdown
Monthly Rent$1,680
Less Expenses−$706
Less Mortgage−$1,858
Monthly Cash Flow$-884

Is Manchester a Good Place to Invest in Rental Property?

Manchester, NH has a population of 115,644 and has been growing at 0.5% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $380,000 paired with median rents of $1,680/mo produces an estimated cap rate of 2.42%.

Property taxes at 1.86% are notably high and represent a significant drag on cash flow — model this expense carefully, as it can make or break a deal. The vacancy rate of 4.2% is impressively low, indicating tight rental supply and strong tenant demand — favorable for landlords.

At a price-to-income ratio of 5.6x, homes cost about 5.6 times the local median income of $68,400. This moderate ratio indicates a balanced rent-vs-buy market. Home values have appreciated at roughly 2.6% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.

Bottom line: At current median prices, Manchester is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.

Run a BRRRR analysis for Manchester
Model a buy-rehab-refinance deal with Manchester data pre-loaded.
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