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- #43: House Hack & High-Yield Multifamily Gems You Can't Miss
#43: House Hack & High-Yield Multifamily Gems You Can't Miss
Discover unique multifamily and house hack opportunities in top U.S. markets, tailored for serious investors seeking growth and stability.
Hello Investors,
Welcome to Dealsletter #43! This week's issue brings an exciting selection of unique investment opportunities from diverse markets across the U.S., each boasting impressive features, attractive cap rates, and room for value-add strategies. Whether you're seeking a steady income property or a house hack for owner-occupancy, these properties offer compelling options to grow your portfolio. Dive into this edition to explore turnkey investments, value-add multi-family units, and prime location properties.
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 6.92%, unless otherwise stated. For house hacks, we assume a 5% down payment with PMI at 0.4% and a 6.30%(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
Multi-Family in Las Vegas, NV
Property: Calcaterra Cir, 6 Units
Cap Rate: 6.88%
House Hack in Las Vegas, NV
Property: Cadillac Ln, 2 Units
Cap Rate: N/A (House Hack)
Multi-Family in Hayward, CA
Property: 7th St, 6 Units
Cap Rate: 6.32%
Multi-Family in Tampa, Fl
Property: Cigar City Flats, 9 Units
Cap Rate: 8.4%
Multi-Family
Property: 529 Calcaterra Cir, Las Vegas, NV
Price: $765,000
Units: 6 (1 Bed/1 Bath Units)
Cap Rate: 6.88%
Why This is a Great Investment ๐๐ผ Centrally located near major Las Vegas attractions, this six-unit property boasts remodeled interiors with granite countertops and laminate wood flooring. With half the units already leased and the other half ready for turnover, this property is ideal for investors looking for immediate rental income and value appreciation.
The Stats (25% Down) ๐
Gross Rent: $64,140/year ($5,345/month)
Operating Expenses: $11,493/year
Net Operating Income (NOI): $52,647/year
Cap Rate: 6.88%
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House Hack
Property: 1659 Cadillac Ln, Las Vegas, NV
Price: $400,000
Units: Duplex (2 x 2 Bed/1 Bath Units)
Why This is a Great Investment ๐๐ผ This fully remodeled duplex is perfect for owner-occupants looking to house hack and offset their mortgage. With brand-new underground plumbing and roofing, the property is move-in ready and just minutes from the Vegas Strip and major highways, ensuring high rental demand.
The Stats (5% Down - Living in one of the units) ๐
Gross Rent: $1,800/month
Operating Expenses: $219/month
NOI: $1,581/month
Loan Payment (5% Down + PMI): $2,604/month
Effective Mortgage: $1,023/month after NOI
Multi-Family
Property: 22597 7th St, Hayward, CA
Price: $1,180,000
Units: 6 (5 x 1 Bed/1 Bath, 1 x 2 Bed/1 Bath)
Cap Rate: 6.32%
Why This is a Great Investment ๐๐ผ This six-unit complex in Hayward, CA, is located between Castro Valley Blvd and downtown Hayward, offering easy access to shopping, dining, and entertainment. With individual entrances and parking for each unit, the property provides convenience for tenants and minimal upkeep for owners. Upside potential exists with below-market rents and strong local rent growth.
The Stats (25% Down) ๐
Gross Rent: $117,600/year ($9,800/month)
Operating Expenses: $38,540/year
Net Operating Income (NOI): $74,620/year
Cap Rate: 6.32%
Multi-Family
Property: 911 E 23rd Ave (Cigar City Flats), Tampa, FL
Price: $1,175,000
Units: 9 (6 Studios, 3 x 1 Bed/1 Bath)
Why This is a Great Investment ๐๐ผ Located in the coveted Tampa Heights neighborhood, Cigar City Flats offers a partially renovated, 9-unit complex with significant upside. With recent capex improvements such as new plumbing, electrical, and tankless water heaters, investors can enjoy reduced maintenance costs. Additional income potential exists through enhanced utility billbacks and parking fees.
The Stats (25% Down) ๐
Gross Rent: $150,300/year ($12,525/month)
Operating Expenses: ~$50,000/year (estimated)
Net Operating Income (NOI): ~$100,300/year (estimated)
Cash on Cash Return: High potential with value-add strategies
Cash Flow: STRONG
Cap Rate: 8.4%
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.
Premium Version Coming Soon!
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A Big Thank You! ๐
We're immensely grateful for our early subscribers. Your trust and engagement are the fuel that drives Dealsletter. We promise to keep delivering top-notch real estate insights and deals.
Until next time,
The Dealsletter Team