- Dealsletter
- Posts
- Dealsletter Issue #23: High-ROI Off-Market, House Hack, and Flip Opportunities
Dealsletter Issue #23: High-ROI Off-Market, House Hack, and Flip Opportunities
Discover top investment deals in Oakland, San Diego, and Maui with strong returns and unique opportunities.
Hello Investors,
Welcome to Dealsletter Issue #23! This week, weโre excited to bring you three top-tier investment opportunities that cater to different strategies and goals. Whether youโre looking for stable cash flow, a savvy house hack, or a high-ROI flip, weโve got something for you.
Off-Market Multi-Family in Oakland: 9.8% cap rate, strong cash flow, ideal for Section 8.
House Hack in San Diego: Live on-site, rent out other units, significant cash flow potential.
Fix-and-Flip in Maui: Projected 265% ROI, diversify in a high-demand market.
These deals wonโt last long, so dive in and reach out if anything catches your eye!
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: We base our insights on a 25% down payment and the current interest rate of 6.90%. Rest assured, we've crunched the numbers so you can focus on the core 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 Stockton, CA
Property: Flora St, 6 Units
Cap Rate: 9%
Off Market Multi-Family in Oakland, CA
Property: 68th Ave, 2 Units
Cap Rate: 9.8%
House Hack in San Diego, CA
Property: 41st St, 4 Units
Cap Rate: 14%
Fix & Flip in Maui, HI
Property: Mokuhau Rd
ROI: 265%
Multi-Family
$725,000
6 Unit Apartment / Unit Mix of 2 Bed / 1 Bed Units
Why this is a good investment ๐๐ผ : This charming multifamily Victorian 6-plex offers a fantastic 9% cap rate and brings in $90,000 annually, making it a wonderfully profitable investment. The property has been fully renovated with top-notch, energy-efficient appliances, leading to low maintenance and expenses. Plus, five of the six units are already rented, guaranteeing immediate income, and the sixth unit is expected to be rented soon. The property is also eligible for a DSCR mortgage, so the income it generates can help you qualify for the loan instead of relying on your personal income and credit.
The Stats ๐
Cap Rate: 9%
Total Monthly Revenue(Current): $7500
Operating Expenses(Includes Vacancy): $1999
NOI: $5501
Completely Remodeled
We put your money to work
Bettermentโs financial experts and automated investing technology are working behind the scenes to make your money hustle while you do whatever you want.
OFF MARKET Multi-Family(High Cash Flow)
$1,030,000
Duplex / 5 Bed 3 Bath Units / 10 bed total
Why this is a good investment ๐๐ผ : This off-market property is at the heart of East Oakland and makes for an amazing Section 8 rental. You can command strong above-market rents by utilizing the Section 8 program through the city of Oakland. This program offers many benefits to investors, including rent protection, back pay, above-market rents, and assistance in finding tenants. The owner is currently remodeling one of the units, and it will be vacant and ready shortly. They are also in the process of removing the back tenants, potentially making this property fully vacant. If this property hits the market fully vacant, it won't last long! Take advantage of this off-market opportunity.
The Stats ๐
Cap Rate: 9.8%
Monthly Gross Rent: $9876
Monthly Operating Expenses: $1490
NOI: $8386
GRM: 8.69
Cash Flow: $3300+ / mo
Vacancy: 0% (Why? See Below)
If interested please email: [email protected]
This off-market property has a 0% vacancy rate thanks to renting to Section 8 tenants through the City of Oakland. The City of Oakland covers back rent during vacancy periods, which is one of the many benefits of renting to Section 8 tenants here. We highly recommend continuing with Section 8 tenants if you decide to move forward with this deal, due to the above-market rent and protections that the program provides.
House Hack
$700,000
Unit Mix of (3) 2 Bed / 1 Bath, (1) Studio
Why this is a good investment ๐๐ผ : This property has fantastic house hack potential, with strong market rents from the 2-unit properties. We recommend living in the studio of this property and renting out the other units. A conventional loan with 5% down is a great option for this property, but an FHA loan at 3.5% is also doable since this property should pass the self-sufficiency test required for FHA loans. This is also a great multi-family investment as well with huge cash flow potential. While there are some unknowns with this property, they shouldn't deter any serious investor. This property won't last long at this price point, so don't miss out!
The Stats PRO FORMA(w/ 5% down and living in the Studio) ๐
Cash Needed: $56,000
Rehab Costs: $15k-$20k
Monthly Revenue: $10,200
Expected Mortage: -$3887 (Cash Flow Positive)
Cap Rate: 14%
Cons/Unknowns๐
Condition of the property is unknown.
Currently fully occupied. Tenant removal needed if you want to live in the studio.
Price cut already after a few days on the market.
Current rents are most likely below market.
Fix & Flip
$650,000
4 Bed / 3 Bath / 1808 Sqft.
Why this is a good investment ๐๐ผ : This fix and flip opportunity in Maui presents an incredible chance for a high return on investment (ROI). The work required on the property still needs to be confirmed; however, our preliminary estimates have already accounted for an extensive remodel. Even with the anticipated renovations, the potential profits remain substantial due to the strong and consistent demand for real estate in Maui. By exploring this flip in Hawaii, you not only diversify your investment portfolio but also gain exposure to one of the most sought-after locations. Take advantage of this unique opportunity to expand your investments across different regions and maximize your financial returns.
The Stats ๐
ROI: 265%
Rehab Costs(Estimate): $190-$200k
Holding period: 6 months
After Repair Value: $1,317,000
Potential Profit: $350k
Do you want Dealsletter to increase it's frequency of newsletters?This means more deals, but more emails too. |
Whatโs Brewing at Dealsetter โ๏ธ
Extended Listings: Discover exclusive properties that aren't listed elsewhere.
ROI Deep Dive: Understand the financials in-depth โ 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! 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