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- #36: Strong Cap Rates & Turn-Key Investments: Oakland, Berkeley, Vista & Lees Summit Multifamily Gems
#36: Strong Cap Rates & Turn-Key Investments: Oakland, Berkeley, Vista & Lees Summit Multifamily Gems
We're showcasing a diverse range of properties with solid cash flow potential, including a 7.2% cap rate in Oakland, value-add in Berkeley, an under-market Vista deal, and a turn-key multi-family portfolio in Lees Summit!
Hello Investors,
Welcome to Dealsletter Issue #36! Weโve got a solid lineup of deals this week for both the serious investor looking for cash flow or value-add potential and those seeking steady, turn-key opportunities. From a high cap rate property in Oakland to a prime investment in Berkeley, and donโt forget about a motivated seller in Vista, CA. Finally, weโre also offering a rare turn-key portfolio in Lees Summit, MO. Letโs dive into the numbers and see which of these investments makes the most sense for your portfolio!
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 6.15%, unless otherwise stated. For house hacks, we assume a 5% down payment with PMI at 0.4% and a 5.7%(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 Oakland, CA
Property: Home Pl, 5 Units
Cap Rate: 7.2%
Multi-Family in Berkeley, CA
Property: Russel St, 5 Units
Cap Rate: 9.21%
Multi-Family in Vista, CA
Property: Santa Fe, 8 Units
Cap Rate: 5.53%
Multi-Family(PORTFOLIO) in Lees Summit, MO
Property: 7th Pl + More, Portfolio of 6 Units
Gross Income: $100,640
Multi-Family
Property: 33 Home Pl E, Oakland, CA
Price: $1,425,000
Units: 5 (3 x 2 Bed/1 Bath, 2 x 3 Bed/1 Bath)
Cap Rate: 7.20%
Why This is a Great Investment ๐๐ผ This is an oversized, five-unit multifamily property located in the desirable Ivy Hill neighborhood of Oakland. It offers immediate cash flow with a 7.2% cap rate, making it a great opportunity for investors looking for solid rental income. The propertyโs prime location and rental upside through unit remodels offer long-term value and potential for appreciation. The property also has a large basement with a private entrance, adding more options for future development.
The Stats (25% Down) ๐
Gross Rent: $12,037/month
Total Annual Expenses: $39,425
Net Operating Income (NOI): $105,019/year
Cash Flow: Positive cash flow from day one with strong upside after tenant improvements.
Cash on Cash Return: 7.2%
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Multi Family
Property: 1614 Russell St, Berkeley, CA
Price: $1,195,000
Units: 5 (2 x 2 Bed/1 Bath, 3 x 1 Bed/1 Bath)
Cap Rate: 9.21%
Why This is a Great Investment ๐๐ผ This fully vacant 5-unit property in the heart of South Berkeley is perfect for value-add investors. It includes a large lot with potential to add an ADU and is located within walking distance to Ashby BART and the vibrant Berkeley dining scene. This is one of the highest cash-flowing properties currently available in Berkeley, with significant upside once renovations are complete.
The Stats (25% Down) ๐
Gross Rent (After Renovation): $9,958/month
Total Annual Expenses: $62,738
Net Operating Income (NOI): $110,101/year
Cash Flow: Strong cash flow potential, especially with the opportunity to refinance at lower rates in the future.
Cash on Cash Return: 9.21%
Multi-Family
Property: 1135 S Santa Fe Ave, Vista, CA
Price: $1,599,000
Units: 8 (7 x 1 Bed/1 Bath, 1 x 2 Bed/1 Bath)
Cap Rate: 5.53% (Pro Forma Cap Rate: 7.68%)
Why This is a Great Investment ๐๐ผ This 8-unit multifamily property located in Vista, CA, offers tremendous rent upside potential. Itโs currently under-market by around 15% in rent and sits on a large lot with the ability to add additional units. The property includes private yards, ample parking, and a central courtyard that could accommodate further development.
The Stats (25% Down) ๐
Gross Rent (Pro Forma, As-Is): $13,500/month
Total Annual Expenses: $69,255
Net Operating Income (NOI): $104,849/year
Cash Flow: Strong upside potential after rent increases and renovations.
Cash on Cash Return (Pro Forma): 6.36% (with potential to increase to 9.58% after renovation)
Multi-Family(Portfolio)
Property: SE 7th Pl, Lees Summit, MO
Price: $1,123,000
Units: 6 (4 x 3 Bed/2 Bath, 2 x 2 Bed/1.5 Bath)
Gross Income: $100,640
Why This is a Great Investment ๐๐ผ A perfect turn-key opportunity for investors looking to acquire a well-maintained multifamily portfolio in a high-demand neighborhood. With 95% occupancy and year-long leases in place, this six-unit property offers steady cash flow. Each unit is fully updated and includes oversized bedrooms, private decks, and attached garages. All six units are located within a quarter-mile of each other, making management straightforward.
The Stats (25% Down) ๐
Gross Rent: $8,387/month
Annual Real Estate Taxes: $11,406
Annual Owner Insurance: $6,454
Total Annual Expenses: Estimated at $17,860
Net Operating Income (NOI): $82,780
Cash Flow: High cash flow with long-term tenant stability.
Whatโs Brewing at Dealsletter โ๏ธ
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Until next time,
The Dealsletter Team