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- #45: 2 House Hacks, 1 Flip, and 1 Multi-Family!
#45: 2 House Hacks, 1 Flip, and 1 Multi-Family!
Standout investment opportunities, from house hacks to multifamily gems offering strong returns and growth potential.
Hello Investors,
Welcome to Dealsletter #45! This week we feature properties that cater to various investor needs: TWO house hacks offering passive income, a San Francisco fixer-upper promising strong ROI, and a Kansas City historic apartment building with value-add potential. Whether you're building cash flow or aiming for equity growth, these properties are ready to perform.
๐ Share the Love: If you're enjoying the insights and deals, why not spread the word? Forward this newsletter to friends and fellow investors. Don't let them miss out on these golden opportunities!
๐จ Note on Numbers: All calculations for investment properties are based on a 25% down payment and a current interest rate of 6.88%, unless otherwise stated. For house hacks, we assume a 5% down payment with PMI at 0.4% and a 6.22%(FHA) interest rate. We do the math so you can focus on what matters โ the deals!
๐๐ผ Stay up to date: Whatโs the latest on mortgage rates?
๐ The Stats: Each listing comes with detailed investment metrics like cap rates, GRM, and special financing options where available.
This Weeks Deals ๐๏ธ
House Hack in Oakland, CA
Property: Valley View Rd, SFH
Cap Rate: (N/A - House Hack)
House Hack in Pleasant Hill, CA
Property: Golf Club Cir, SFH
Cap Rate: (N/A - House Hack)
House Flip in San Francisco, CA
Property: Amherst St, SFH
ROI: 71%
Multi-Family in Kansas City, MO
Property: Naples & Venice Apartments
Cap Rate: 6.60%
House Hack
Property: 6173 Valley View Rd, Oakland, CA
Price: $1,195,000
Beds/Baths: 4/4
Size: 2,013 sqft
Why This is a Great Investment ๐๐ผ This stunning 2020 build combines luxury living with income potential. Nestled in the Montclair hills, this home features high-end finishes, expansive views, and a permitted ADU with separate utilitiesโperfect for generating rental income or housing guests. The home boasts Brazilian IPE decks, a spacious primary suite, and seamless indoor/outdoor living, making it a dream for owner-occupants seeking mortgage relief.
The Stats (5% Down w/Living in the main house) ๐
Gross Rent (ADU): $3,500/month
Operating Expenses (Taxes, Insurance, etc.): $1,797/month
Loan Payment (5% Down): $7,346/month
Effective Mortgage: $5,643/month
Yearly Tax Deductions: $37,923/year
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House Hack
Property: 825 Golf Club Cir, Pleasant Hill, CA
Price: $1,149,000
Beds/Baths: 5/3
Size: 1,600 sqft
Why This is a Great Investment ๐๐ผ This property offers two residences on one lot, with the main house featuring 3 bedrooms and 2 baths and a beautifully updated 2-bed/1-bath ADU. The 15,000 sqft lot provides ample room for expansion or outdoor amenities. With updated appliances and cozy interiors, this property is ideal for living in one unit while earning rental income from the other.
The Stats (5% Down /w Living in the main house) ๐
Gross Rent (ADU): $3,500/month
Operating Expenses (Taxes, Insurance, etc.): $1,294/month
Loan Payment (5% Down): $7,063/month
Effective Mortgage: $4,857/month
Yearly Tax Deductions: $43,022/year
House Flip
Property: 451 Amherst St, San Francisco, CA
Price: $815,000
Beds/Baths: 3/2
Size: 1,325 sqft
Why This is a Great Investment ๐๐ผ This Portola District fixer-upper offers excellent profit potential with its versatile layout and large lot. The property includes a 2-bed/1-bath upper level, a 1-bed/1-bath in-law unit, and an expansive backyard with ADU potential. With renovations, this property could become a standout in the neighborhood.
The Stats (10% Down w/HML Loan at 10.95% 1 year term) ๐
Purchase Price: $855,000 (Over asking based on market trends)
ARV: $1,203,000
Rehab Costs: $84,150
Holding Costs (6 months): $50,367
Profit: $115,653
ROI: 71%
Multi-Family Value-Add
Property: 3516 Central St, Kansas City, MO
Price: $1,399,000
Units: 14 (12 x 2-Bed, 2 x Studios)
Cap Rate: 6.60%
Why This is a Great Investment ๐๐ผ This historic colonnade building in Midtown Kansas City offers exceptional value-add potential. Large two-bedroom units, original hardwood floors, and proximity to amenities make this property an attractive option for tenants. With a 78% occupancy rate, thereโs room for rental growth and cash flow optimization.
The Stats (25% Down) ๐
Gross Rental Income (Pro Forma): $16,140/month
Price Per Unit: $99,929
Building Size: 13,170 sqft
Occupancy Rate: 78%
Cap Rate: 6.60%
Whatโs Brewing at Dealsletter โ๏ธ
More House Hack Opportunities: With rising mortgage rates (Yay again), weโre focusing on properties that can offer creative financing and live-in investment options. Think duplexes, triplexes, and ADU potential properties where you can live in one unit and rent out the rest.
Spotlight on Emerging Markets: Weโre expanding beyond California, keeping an eye on emerging cities that offer attractive cap rates and investor-friendly climates. Weโll highlight cities you might not have considered but are primed for growth.
Dealsletter Success Stories: Have you closed on a property or found value through Dealsletter? We want to hear about it! Send us your story for a chance to be featured in our community section.
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A Big Thank You! ๐
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Until next time,
The Dealsletter Team