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- Dealsletter Issue #19: Waterfront Short-Term Rentals & Diverse House Hacks
Dealsletter Issue #19: Waterfront Short-Term Rentals & Diverse House Hacks
Navigate Through High and Low Market Entries for Your Next Investment Adventure
Hello Investors,
Welcome to Dealsletter Issue #19, where we're making waves with a special focus on short-term rentals near the water and introducing two fantastic house hack opportunities in vastly different markets. Whether you're looking to dip your toes into high-barrier entry locales or seeking accessible investments with lower entry points, this edition has something for every level of investor. Dive into our selections and let the current of opportunity carry you to your next great investment.
π 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!
π¨ Note on Numbers: We base our insights on a 25% down payment and the current interest rate of 6.96%. Rest assured, we've crunched the numbers so you can focus on the core β the deals.
ππΌ Stay up to date: Whatβs the latest on mortgage rates?
π The Stats: Each listing comes with detailed investment metrics like cap rates, GRM, and special financing options where available.
This Weeks Deals ποΈ
Short Term Rental in Jamaica Beach, TX
Property: Tortuga Way
Cap Rate: 7%
Short Term Rental in West Palm Beach, FL
Property: Kansas Ave
Cap Rate: 7.9%
House Hack in Kansas City, MO
Property: Gregory Blvd, Duplex
Cap Rate: 2.9% (Living in one unit)
House Hack in San Diego, CA
Property: North Park, 2 Homes
Cap Rate: 1.5% (Living in one unit)
Short Term Rental
$720,000
4 Beds / 4 Baths / 1,411 Sqft.
Why this is a good investment ππΌ : This property is an ideal short-term rental investment due to its attractive island living atmosphere, spacious layout, and luxurious amenities. With its multiple bedrooms, pool, and beachy design, it offers a comfortable and appealing experience for vacationers. Additionally, the high potential for monthly revenue, moderate cash flow, and impressive return on investment make it a lucrative opportunity for investors.
The Stats π
Cap Rate: 7%
Year 1 Cash on Cash: 4%
10 Year Return: 15.3%
Monthly Revenue: $9258
Cash Flow: Moderate
Short Term Rental
$600,000
3 Beds / 2 Baths / 1,720 Sqft.
Why this is a good investment ππΌ : 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 π
Cap Rate: 7.9%
Year 1 Cash on Cash Return: 8%
Monthly Revenue: $7,833
10 Year Return: 19.4%
Cash Flow: Strong
House Hack
$235,000
Duplex
Great affordable house hack option for a first time home buyer and/or seasoned house hacker.
Why this is a good investment ππΌ : This fully renovated duplex is an excellent house hack option due to its convenient location near major highways and upgraded features. With two units, each featuring 2 bedrooms and 1 bathroom, updated kitchens, and individual detached garages, it offers both comfortable living and potential rental income. Additionally, the low barrier of entry, with a 5% down payment and affordable monthly mortgage expenses, makes it an attractive house hack opportunity for homeowners/investors looking significantly lower their expenses.
The Stats(House Hack w/ 5% Down) π
Cap Rate: 2.9%
Total Cash Needed: $18,800
Monthly Gross Rent: $1,180
Effective Mortgage: $290
Effective Mortgage with ALL expenses: $893
Includes Property Taxes, Insurance, Maintenance, and Capital Expenditures.
DELIVERED vacant!
These statistics are based on the assumption that the buyer will live in one of the units.
House Hack
$1,299,000
2 homes on one lot
Why this is a good investment ππΌ : This property offers a great house hacking opportunity in one of San Diego's most desirable neighborhoods. Renting out a 3-bedroom in this neighborhood would cost you $4000 per month. With this house hack, you have the opportunity to own two homes while keeping your mortgage payment the same as the rent in this area. This increases your chances of appreciation over time and provides a great return on your investment.
The Stats(House Hack w/ 5% Down) π
Cap Rate: 1.5%
Total Cash Needed: $103,920
Monthly Gross Rent: $4,100
Effective Mortgage: $4,027
Live in the 2 Bedroom House & Rent out the 3 Bedroom.
DELIVERED vacant!
Whatβs Brewing at Dealsetter βοΈ
Extended Listings: Discover exclusive properties that aren't listed elsewhere.
ROI Deep Dive: Understand the financials in-depth β 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! π
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