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- #68: Oakland & Kansas City Multifamily + High ROI Flip (1)
#68: Oakland & Kansas City Multifamily + High ROI Flip (1)
This week’s issue includes a turnkey 5-unit in Oakland, a high-ROI house flip, a 26-unit value-add in Kansas City, and a prime KU Med 7-unit investment!
Kevin
March 19, 2025
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Hello Investors,
Welcome to Dealsletter #68 - This week, we’re featuring a cash-flowing 5-unit property in Oakland, a high-ROI house flip, and two strong multifamily deals in Kansas City, including a 26-unit apartment building and a fully rehabbed 7-unit near KU Med.
Let’s dive in! 👇
🚨 Note on Numbers: All calculations for investment properties are based on a 25% down payment and a current interest rate of 6.82%, unless otherwise stated. For house hacks, we assume a 5% down payment with PMI at 0.4% and a 6.24%(FHA) interest rate. We do the math so you can focus on what matters – the deals!
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📈 The Stats: Each listing comes with detailed investment metrics like cap rates, GRM, and special financing options where available.
Oakland 5-Unit with Separate Water Meters
📍 Address: 933 41st St, Oakland, CA 94608
💰 Price: $949,000
🏠 Units: 5
🏦 Cap Rate: 8.42%
Why This Is a Great Investment
A turnkey 5-unit property in a high-demand Oakland rental market featuring separate water meters for each unit, reducing landlord utility costs. Two vacant units provide immediate upside potential. Section 8 rents ensure reliable income and long-term stability. With a motivated seller and strong 26.8% cash-on-cash return, this property is a cash flow machine.
The Stats (25% Down, Section 8 Rents in Place) 📝
Purchase Price: $949,000
Gross Rent: $13,515/mo
Operating Expenses: $2,599/mo
NOI: $10,916/mo
Loan Payments: $4,977/mo
Cash Flow: $5,940
Cap Rate: 8.42%
CoC: 26.8%
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High ROI Oakland House Flip
📍 Address: 1460 80th Ave, Oakland, CA 94621
💰 Price: $459,000
🏠 Beds/Baths: 4BD / 1BA
📏 Size: 1,393 sqft
Why This Is a Great Investment
This Oakland house flip offers strong upside potential with minimal rehab costs required. The property is already rented at market rate with a month-to-month lease, allowing for flexibility in resale strategy. Recent updates (new roof, heater replacement, fresh exterior paint) mean lower capital expenditures, making this an ideal quick flip opportunity.
The Stats (10% Down Hard Money Loan) 📝
Purchase Price: $459,000
Estimated Rehab Costs: $46,200
Cosmetic upgrades only
Low-to-mid range improvements
ARV: $605,000
Holding Period: 3 months
Holding Costs: $14,232
Total Profit: $44,573
ROI: 60.3%
Kansas City 26-Unit Apartment Complex
📍 Address: 4651 NE Antioch Rd, Kansas City, MO 64117
💰 Price: $1,850,000
🏠 Units: 26 (20 1BD, 5 Studios, 1 2BD)
🏦 Cap Rate: 9.7%
Why This Is a Great Investment
This 26-unit multifamily investment is priced below market value, with huge rent upside. Located in a strong Kansas City submarket, the property is surrounded by community parks, transportation hubs, and retail. Updated units allow for higher lease-up rates, and long-term improvements (LED lighting, water conservation) will increase NOI over time.
The Stats(25% Down, Pro-Forma Rent) 📝
Purchase Price: $1,850,000
Cap Rate: 9.7%
Gross Rent: $24,710/mo
Vacancy (10%): -$2,471
Operating Expenses: $7,220/mo
Taxes: $943/mo
Insurance: $347/mo
Property Management: $2,224/mo
Maintenance: $2,471
Capital Expenditures: $1,236/mo
NOI: $15,019
Loan Payments: $9,702
Cash Flow: $5,317
DSCR: 1.55
GRM: 6.24
Kansas City 7-Unit Investment near KU Med
📍 Address: 4201 S Minnie St, Kansas City, KS 66103
💰 Price: $840,000
🏠 Units: 7
🏦 Cap Rate: 7.7%
Why This Is a Great Investment
A fully rehabbed 7-unit in one of Kansas City’s fastest-growing areas, next to KU Med (the region’s largest employer). All units have in-unit washers/dryers, updated electrical and plumbing, and new leases signed through 2026. With low maintenance and strong tenant demand, this property is an ideal buy-and-hold investment.
The Stats(25% Down, Pro-Forma) 📝
Purchase Price: $840,000
Cap Rate: 7.7%
Gross Rent: $7,740/mo
Vacancy (10%): -$774/mo
Operating Expenses: $1,589/mo
Taxes: $649/mo
Insurance: $166/mo
Maintenance: $387/mo
Cap Ex: $387/mo
NOI: $5,377/mo
Loan Payments: $4,405/mo
Cash Flow: $972/mo
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Disclaimer: The content provided through Dealsletter, including investment metrics, property analysis, and rewards materials, is for informational and educational purposes only. It does not constitute financial, legal, or investment advice. Always conduct your own due diligence or consult a licensed professional before making any investment decisions. Dealsletter assumes no responsibility for any financial outcomes resulting from actions taken based on the information provided.