258 N. Main Street – Troy, NH
Strategic Narrative
We acquired this 2-family property with 6 additional acres in a rural yet accessible location. The property was bought off-market for a deep discount, offering:
- Immediate equity
- Under-market rents with upside potential
- Significant development opportunity (land split or additional builds)
What We’ve Done
- No renovations yet
- Fully tenant-occupied at time of purchase
- Planning strategic improvements and refinance
Results & Key Takeaway
- $75K equity created at close
- 61% rent increase projected within first month
- Path to value-add through land utilization
💡 Lesson: Off-market deals with land upside provide unbeatable ROI potential.
Investment Snapshot
Strategy:
Buy & Hold with Expansion
Plan:
Subdivide or develop the 6-acre lot
CapEx Invested:
$0
Instant Equity Created:
$75,000 on day one
Rent Performance
Refi Plan:
Cash-out refinance at 75% LTV
| Unit | At Purchase | Pro Forma Rent |
|
Unit 1 |
$1,000 |
$1,450 |
|
Unit 2 |
$800 |
$1,450 |
|
Total |
$1,800/month |
$2,900/month (+61%) |
Deal Type:
2-Family Residential + 6 Acres of Land
Acquired:
October 2025 for $225,000
Current Valuation:
$300,000
Capital Stack:
Purchased all-cash, planning 75% LTV refinance