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Dealsletter Issue #15: The House Hack Edition
Dive into Exclusive Deals and Master the Art of House Hacking
Kevin
January 01, 2024
Hello Investors,
Welcome back & Happy New Year! In this milestone 15th issue, we're diving into a unique house hack deal that's as intriguing as it is profitable. But first, a little celebration is in order. Thanks to your support, Dealsletter has become a go-to source for savvy real estate deals. Let's keep the momentum going!
🏠 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!
🚨 Note on Numbers: We base our insights on a 25% down payment and the current interest rate of 6.61%. Rest assured, we've crunched the numbers so you can focus on the core — the deals.
👉🏼 Stay up to date: What’s the latest on mortgage rates?
🎯 Why This Issue is Special: We're featuring a unique house hack in San Diego, CA. It's not just any property; it offers a creative way to generate income while living in the property. Plus, it comes with an additional perk — a billboard for extra revenue!
📈 The Stats: Each listing comes with detailed investment metrics like cap rates, GRM, and special financing options where available.
This Weeks Deals 🏘️
Multi-Family in San Leandro, CA
Property: 147th Ave Cottages, 6 Unit Apartment Building
Cap Rate: 6.76%
Multi-Family in Oakland, CA
Property: Holly St, 6 Unit Apartment Building (High Cap Rate)
Cap Rate: 10.7%
House Hack in San Diego, CA
Property: Logan Ave, Tri-Plex
Cap Rate: 4.4%
Short Term Rental in Orlando, FL
Property: Faber Drive
Cap Rate: 14.6%
Multi-Family
$1,750,000
6 Unit Apartment Building
Why this is a good investment 👉🏼 : This property offers a compelling investment opportunity with its six fully remodeled cottage-style units, desirable location, and potential for future development. With each unit separately metered for utilities and all units currently fully occupied, it presents a sound investment choice. Additionally, qualified investors can take advantage of seller-carry financing terms, including a low interest rate for ten years, further enhancing the attractiveness of this investment.
The Stats 📝
Cap Rate: 6.76%
GRM: 11.4
Units: (2) 2 bed / 1 Bath, (4) 1 Bed / 1 Bath Units
Separate meters for each unit
Seller Financing Available at 5% IO with 15% down (10 years fixed)
Multi-Family
$995,000
6 Unit Apartment Building
Why this is a good investment 👉🏼 : This 6-unit apartment complex in an attractive Oakland location offers strong current income and excellent rental upside. With remodeled units, separately metered utilities, low operating expenses, and the potential for high market rates, this property presents a compelling investment opportunity for owner occupants or investors seeking rental income.
The Stats 📝
Cap Rate: 10.7%
Vacancy: 3 units
Seller Financing Available
Mix of (6) 2 Bed / 1 Bath units
GRM: 6.93
House Hack
$999,000
Tri-Plex
An additional income stream on the property is generated by a billboard located in the backyard.
Why this is a good investment 👉🏼 : This property in Barrio Logan offers a great house hack investment opportunity. With the potential to rent out the downstairs to a small business and the upstairs to residential tenants, the buyer can generate significant rental income while living in a part of the house. The recent cosmetic remodel, convenient location near Downtown San Diego, and the additional income from the freeway billboard make this a promising investment with potential for equity growth over time.
The Stats(House Hack) 📝
Cap Rate: 4.4%
Monthly Gross Rent: $5200
Effective Mortgage: $1184
Effective Mortgage with ALL expenses: $2758
Includes Property Taxes, Insurance, Maintenance, and Capital Expenditures.
Buyer to verify additional income of billboard
Oh yeah… DELIVERED vacant!
These statistics are based on the assumption that the buyer will live in the 1 bedroom/1 bath unit and rent out the 2 bedroom and 1 bedroom units.
Short Term Rental
$360,000
Why this is a good investment 👉🏼 : This property would be a great short-term rental investment due to its prime location near popular attractions like the Orlando International Airport, Downtown Orlando, and universities. With its charming features, spacious backyard, and no HOA fees, it offers an attractive option for vacationers seeking a comfortable and convenient stay. Additionally, the strong monthly cash flow and high cap rate make it a promising investment opportunity
The Stats 📝
Monthly Revenue: $7910
Cap Rate: 14.6%
Year 1 Cash on Cash Return: 30.7%
Appreciation: 6.6%
STRONG monthly cash flow
What’s Brewing at Dealsetter ☕️
Extended Listings: Discover exclusive properties that aren't listed elsewhere.
ROI Deep Dive: Understand the financials in-depth — from cash flow to occupancy rates.
Yearly Projections: Make informed decisions with our smart investment forecasts.
Buy & Hold Analytics: Get the long-term metrics essential for sustained growth.
Your Voice, Our Action: Your feedback is our guiding star. Keep the suggestions coming!
A Big Thank You! 🙌
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