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- Dealsletter Issue #21: Spotlight on Kansas City, Imperial Beach, El Cajon, & Oakland
Dealsletter Issue #21: Spotlight on Kansas City, Imperial Beach, El Cajon, & Oakland
Discover High-Yield Multi-Family and Short-Term Rental Investments
Hello Investors,
We're back and better than ever! Welcome to the 21st edition of Dealsletter. After a brief hiatus, we are thrilled to return with a fresh lineup of outstanding real estate investment opportunities from Kansas City, MO, to Imperial Beach, CA, El Cajon, CA, and Oakland, CA. Each property has been meticulously selected to provide you with impressive returns and valuable insights. Dive in to discover high-yield multi-family and short-term rental deals that promise to elevate your investment portfolio.
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 6.82%. 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
Multi-Family in Kansas City, MO
Property: 54th Ter
Cap Rate: 7.7%
Short Term Rental in Imperial Beach, CA
Property: 8th St
Cap Rate: 6.42%
Multi-Family in El Cajon, CA
Property: Lexington Ave, 12 Unit Apartment
Cap Rate: 5.15%
Multi-Family in Oakland, CA (DELIVERED VACANT)
Property: Chateau Lyton, 9 Unit Apartment
Cap Rate: 6.90%
Multi-Family
$585,000
6 Unit Apartment Building / 2 Bed 1 Bath Units
Why this is a good investment ππΌ : This 6-unit multifamily property is fully occupied and has seen rent increases from $652 to $895 per unit, indicating strong rental demand and good property management. With a cap rate of 7.7% and an annual NOI of $45,438, it provides a reliable return on investment. Additionally, billing back trash service to tenants offers a chance to increase profits.
The Stats π
Cap Rate: 7.7%
Yearly Rental Income: $64,800
Yearly Expenses: $16,770
NOI: $45,438
Short Term Rental (2 properties)
$1,799,000
2 Properties (4 Bed / 3 Bath & 3 Bed / 2 Bath)
Why this is a good investment ππΌ : This multi-unit property is ideal for short-term rentals, offering two fully upgraded houses just blocks from the Imperial Beach shore. With brand-new kitchens, luxurious finishes, and fully paid solar panels, each unit promises a modern and comfortable stay. The potential to generate up to $14,000 monthly rent through Airbnb or other platforms makes it a lucrative investment, allowing you to maximize income while enjoying the beachside lifestyle.
The Stats π
Annual Revenue: $173k+
ADR: $688
Occupancy: 68.6%
Cap Rate: 5.6%
Year 1 Tax Benefits & Deductions: $197,195
Multi-Family
1140-1146 E Lexington Ave, El Cajon, CA 92019
$3,950,000
12 Unit Apartment Building
Unit Mix of 2BR & 3BR units.
Why this is a good investment ππΌ : This 12-unit Garden-Style Apartment Complex in El Cajon offers a highly attractive investment opportunity with a stabilized cap rate of 6.42% and rents currently 10-12% below market, providing potential for significant rental income growth. The property boasts numerous recent upgrades, including new windows, roofs, solar panels, and low-maintenance landscaping, reducing future maintenance costs. Additionally, the secured gated parking lot and on-site laundry facility offer added convenience and potential for increased income.
The Stats(Pro-Forma) π
Cap Rate: 6.42%
12% Rental upside
Turn Key property (New roof, windows, solar, and more)
NOI: $203,367
On site laundry (Potential for additional income)
Multi-Family
$1,900,000
9 Unit Apartment Building
Why this is a good investment ππΌ : This multifamily property is a fantastic investment opportunity due to its prime location in the desirable Adams Point neighborhood, offering close proximity to amenities like Whole Foods, Lake Merritt, and major employers. The building will be delivered fully vacant, allowing the new owner to handpick tenants, set market rents, and customize or upgrade units to maximize income potential. With a strong cap rate of 6.90% and the potential for high monthly revenue, this property is ideal for investors seeking a high-quality asset.
The Stats π
Cap Rate: 6.90%
GRM: 8.4
Monthly Revenue: $18,750
Occupancy: DELIVERED VACANT
Unit Mix: (8) 1+1, (1) 2+2
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