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#77: Two High-Cash-Flow Opportunities + A Major Bay Area Flip
Unlock a new round of cash-flowing multifamily properties and an advanced Bay Area flip. This issue features high-yield rentals, Section 8 upside, and a luxury-level value-add play in one of California’s top markets. Jump in to find your next winning deal.
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Hello Investors,
Welcome to Issue #76 of Dealsletter — This week, we’re serving up an ideal mix of flip opportunities and long-term cash-flowing rentals for all investor levels. We’ve got a Concord flip with ADU potential and a major renovation deal in Walnut Creek that only experienced investors should take on. Rounding out the issue are two strong cash-flowing multifamily properties — one in Oakland with a stellar $100K/door entry price and another in Las Vegas delivering over 8% cap rate. If you’re hunting for profit and stability in a shaky market, this is your playbook. 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 6.87%, unless otherwise stated. For house hacks, we assume a 5% down payment with PMI at 0.4% and a 6.36%(FHA) interest rate. We do the math so you can focus on what matters – the deals!
👉🏼 Stay up to date: What’s the latest on mortgage rates?

📈 The Stats: Each listing comes with detailed investment metrics like cap rates, GRM, and special financing options where available.
Strong ROI House Flip in Concord, CA w/ ADU
📍 Address: 1745 Humphrey Dr, Concord, CA 94519
💰 Price: $650,000
🏠 Units: Single Family Home + Unfinished ADU
🏦 ROI: 97.4%

Why This Is a Great Investment
This is a quick flip with major upside. Located in an established neighborhood backing to Canal Trail, the property already has solid bones and a detached garage with an unfinished ADU. The main house just needs cosmetic work, and once the upstairs ADU is finished, your ARV jumps to $950K. Strong comps and proximity to BART = investor gold.
The Stats (10% Down Hard Money Loan) 📝
Purchase Price: $650,000
Rehab Costs: $115,500 (includes 10% contingency)
Light Cosmetic Remodel of Main House
Finish Construction of ADU above Garage
After Repair Value (ARV): $950,000
Selling Costs (4.5%): -$42,750
Holding Costs: -$20,222
Holding Period: 3 months
Total Profit: $102,028
Return on Investment: 97.4%
$100k/door Deal in Oakland, CA - 10 Units
📍 Address: 1830 Castro St, Oakland, CA 94612
💰 Price: $1,000,000
🏠 Units: 10
🏦 Cap Rate: 8.66%

Why This Is a Great Investment
This $100K/door deal in Oakland is one of the best multifamily cash-flow plays we’ve seen in a while. With 10 fully rented 1-bed/1-bath units in the vibrant San Pablo Gateway neighborhood, you’re tapping into strong tenant demand and excellent long-term rent growth potential. Quick access to I-980, I-880, BART, and local hotspots like The Hive, Whole Foods, and Drake's makes this a tenant magnet. Plus, the DSCR is an impressive 2.09 — so your lender will love it too.
The Stats (25% Down, ProForma Multi-Family) 📝
Purchase Price: $1,000,000
Cap Rate: 8.66% (Current)
DSCR: 2.09
Gross Rent: $15,500/month
Vacancy(10%): -$1,550/month
Operating Expenses: $2,992/month
Taxes: $983/month
Insurance: $458/month
Maintenance: $775/month
Capital Expenditures: $775/month
Net Operating Income: $10,958/month
Loan Payments: $5,244/month
Cash Flow: $5,714/month
High Priced / Experienced Flip in Walnut Creek, CA
📍 Address: 40 Anderson Cir, Walnut Creek, CA 94595
💰 Price: $1,850,000
🏠 Units: SFH + ADU
🏦 ROI: 51%+

Why This Is a Great Investment
This is NOT a beginner flip. This is for the big dogs. With nearly 3,500 sqft, a 1,173 sqft pool house/ADU, and a flat private lot in the coveted Tice Valley neighborhood, the bones are here for a luxury resale north of $2.45M. Plenty of exit strategies, and with a 4-month hold you’re looking at $160K+ in profit if you run it right. Rehab will require premium finishes to hit the ARV, but the neighborhood supports it.
The Stats(10% Down, Hard Money Loan) 📝
These are Dealsletter's estimates, but note that this property offers significant potential for even higher profits and ROI through various factors: contractor relationships, material costs, rehabilitation strategy, and creative financing options. Consider these possibilities when evaluating this opportunity.
Purchase Price: $1,850,000
Rehab Costs: $203,500 (includes 10% contingency)
Cosmetic Remodel of Main House + Pool House
Premium Materials Required to Achieve Target ARV
After Repair Value (ARV): $2,450,000
Cash Required (10% Down + Closing Costs): $240,500
Selling Costs (4.5%): -$110,250
Holding Costs: -$71,146
Holding Period: 4 months
Total Profit: $159,604
Return on Investment: 51.2%
Large Multi-Family in Las Vegas with High Cap Rate
📍 Address: 1520 & 1524 Henry Dr, Las Vegas, NV 89110
💰 Price: $1,300,000
🏠 Units: 8
🏦 Cap Rate: 8.2%

Why This Is a Great Investment
Two side-by-side fourplexes in very good condition and fully rented at $1,050/month per unit? Long-term tenants, low maintenance, on-site laundry, fenced lot with parking, and 8.2% cap in a landlord-friendly market like Vegas makes this an ideal turnkey deal. No heavy lift required. Just step in and collect rent.
The Stats(25% Down FHA, ProForma Multi-Family) 📝
Purchase Price: $1,300,000
Cap Rate: 8.2%
DSCR: 1.36
Gross Rent: $12,000/month
Vacancy(10%): -$1,200/month
Operating Expenses: $1,960/month
Taxes: $520/month
Insurance: $240/month
Maintenance: $600/month
Capital Expenditures: $600/month
Net Operating Income: $8,840/month
Loan Payments: $6,487/month
Cash Flow: $2,353/month
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Until next time,
The Dealsletter Team
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.