Kimberley Martin - Pelletier Realty Group



Posted by Kimberley Martin on 12/10/2019


528 - 530 Merrimack Street, Manchester, NH 03103

Multi-Family

$299,900
Price

2
Total Units
Thoughtfully maintained 2-family home for owner occupant or investor. Convenient city location. Each spacious unit offers 2 bedrooms, 1 full bath, hardwood floors throughout living area and bedrooms, a spacious eat-in kitchen with great cabinet/counter space, outside decks, complete with washer and dryer units for each. Large paved driveway offers off street parking. Brand New oil fired steam heating system, 3 year young roof (50 year shingle) MUST SEE to appreciate the charm that remains. Schedule your showing!!!!
Open House
No scheduled Open Houses






Categories: New Homes  


Posted by Kimberley Martin on 12/8/2019

Photo by Mohamed Hassan via Pixabay

Buying property is a long-term investment. If youíre looking to make quick income from property, the only way is to buy low and sell high with minimal input for remodeling, upgrades, or even paint. However, if you intend to keep your property as a rental here are a few of the basics to make it profitable sooner.

Show Me the Numbers

Say you buy a house for $300,000. To get a loan for an investment property youíll need a minimum of 20% down; so in our scenario, thatís $60,000. Closing costs depend on so many things that even an estimate is difficult, but rule of thumb is three to four percent of the purchase prices. Go with an even $10,000 to keep the numbers easy. Youíre out-of-pocket $70,000 by this point.

The mortgage is for the remaining $240,000, so a 30-year fixed rate at 4.5 percent makes your principal and interest payments about $1,200 per month. Add to that property taxes of about $6,000 per year, or $500 per month, and homeownerís insurance for about $150 gives you a monthly payment of $1,850. If you have an HOA, that might be an additional $50 per month. Thatís $1900 for the basics, every month.

These numbers do not factor in upgrades, changes, paint, flooring, appliances or anything else, so remember that those items eat away at your profit too.Say that you rent it for $2,500 per month. That gives you a $600 difference. From that amount comes management fees if you pay someone to manage it for you. It also pays for lawn care unless you turn that over to the renter. Plus, for every month it goes unrented between renters, you carry the entire amount. 

Positive Cash Flow

You decide to manage it yourself and have the tenant take care of the lawn. Presuming no major systems require repair during the first year and you rent it within a month, you receive $27,500 ($2,500 x 11) in rent. You pay out $22,800 ($1,900 x 12) leaving you with $4,700 positive cash flow.

Assuming you never have to spend anything on repairs, maintenance, increases in taxes or refurbishing between tenants, it will take you 12 years and nine months to make back your down payment. Of course, if you raise the rent every year or so, youíll shorten the time to repay the down payment, but you may lose more tenants.

Is It Worth It?

Yes! After year 12, your profits increase. But only if you follow these guidelines:

  • Do buy in a nice, livable area where people want to rent.
  • Donít overspend for the property.
  • Avoid frivolous upgrades with low R.O.I.
  • Vet your tenants.
  • Remove tenants that damage property or donít pay rent.Use a property management and marketing service to reduce unrented months.
  • Know the property owner and tenant laws in your municipality. 

Some properties are more profitable than others or are profitable sooner. Your investment real estate professional knows the difference and can help you choose the right property for your investment situation. If you want to invest in real estate, let your professional agent guide you.




Categories: Uncategorized  


Posted by Kimberley Martin on 12/5/2019

This Single-Family in Londonderry, NH recently sold for $499,900. This Colonial style home was sold by Kimberley Martin - Pelletier Realty Group.


4 Harvey Road, Londonderry, NH 03053

Single-Family

$499,900
Price
$499,900
Sale Price

4
Bedrooms
9
Rooms
2/1
Full/Half Baths
Move-in ready brand new construction located in a desirable North Londonderry neighborhood right off of Exit 5! Colonial style home situated on a FLAT oversized 1.422 acre wooded lot. Landscape completed with a full foundation planting and hydro seeded lawn. Upon entry, buyers will take note of the 3 1/4 satin finished hardwood floors throughout the first floor. Open concept first floor layout complete with soaring 9' ceilings. Exceptional kitchen design comes with on-trend white shaker style cabinets, and solid granite countertops.The second floor provides three spacious bedrooms that are serviced by a main bathroom with a double vanity. The master suite includes a huge walk-in closet and vaulted ceilings to create an unbeatably spacious feel. Don't miss out on all that ever-expanding Londonderry has to offer! This house is move in ready!!






Categories: Sold Homes  


Posted by Kimberley Martin on 12/4/2019


80 Bridge Street, Hillsborough, NH 03244

Single-Family

$168,900
Price

3
Bedrooms
9
Rooms
2
Baths
Have a large family? Perfect! This home has a lot of room! NEW FURNACE installed (05/02/2018). MOTIVATED SELLER! Make an offer. This is a GREAT PROPERTY! Unique cape with such character & personality! Bright eat-in kitchen, french doors, tin ceilings, screened front porch, bright sunny enclosed side porch, acre lot partially fenced, mature flowers, beautiful maple tree and birch tree (to name a few). Detached garage with stairway to loft storage, plenty of room to grow!! Convenient location to school district, short walk to downtown, and to Grime's Field...Home of the famous Hillsborough Balloon Festival, a short walk to Butler Park,minutes to NH9/Rt 202 and Rte 149. Potential for efficiency apartment with private access. A little sweat equity needed for this diamond in the rough! Priced to sell AS IS.Lots of potential! Oh yes, a 3 year new roof! Do yourself a favor...take a look if you are looking for a lot of space and are willing to do some work! This is a great opportunity!!! So much charm....so much room! Upstairs can easily be converted into an apartment/in-law!
Open House
No scheduled Open Houses






Categories: New Homes  


Posted by Kimberley Martin on 12/2/2019

This Single-Family in Weare, NH recently sold for $400,000. This Colonial style home was sold by Kimberley Martin - Pelletier Realty Group.


49 Hilbren Road, Weare, NH 03281

Single-Family

$410,000
Price
$400,000
Sale Price

3
Bedrooms
7
Rooms
2/1
Full/Half Baths
2017 Colonial with 3 bedrooms, 3 bath, family room addition with wood-stove. Slider out to deck and fully fenced in backyard. Enjoy the open floor plan, stainless steel appliances, granite counter top, stone back splash,hardwood floor, tiled bathrooms and mudroom area off direct entry from garage. Second floor offers, separate laundry room, master bedroom with tray ceiling, bath with double sink, walk-in closet, two additional bedrooms with guest bath. On demand hot water heater, pellet stove in basement Over-sized 12 foot paved driveway lit with light posts and turnaround area. Directly abuts 29 acres of conservation. Access to Daniels Lake. Walking trail access or access by dedicated private road right off Hilbren.






Tags: Weare   Real Estate   Single-Family   03281  
Categories: Sold Homes  




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