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Hello Investors,

Welcome to Issue #39 of Dealsletter! This week, we bring you exciting multifamily investment opportunities spanning from California to Nevada and Texas. Whether you're looking for a turnkey investment, a house hack opportunity, or a property with strong rental upside, we have curated a selection that caters to diverse investor goals. From the thriving neighborhoods of San Diego and San Francisco to high-demand markets like Las Vegas and Humble, TX, these properties are primed for immediate cash flow and long-term value.

Check out the new updates on What’s Brewing at Dealsletter ☕️ at the end! 👇🏼

Multi-Family OR House Hack

Property: Albatross South, 2119-2123 Albatross St, San Diego, CA
Price: $1,490,000
Units: 3 (All 2 Bed/1 Bath)
Cap Rate: 4.10%

Why This is a Great Investment 👉🏼 Located in the highly walkable Banker's Hill neighborhood of San Diego, this charming 3-unit property presents an excellent house hacking opportunity or multifamily investment. With views of San Diego Bay and downtown, the property features recently renovated units with modern amenities like stainless steel appliances, double pane windows, and hardwood floors. The potential to save on property taxes with the Mills Act adds to its appeal. Whether you choose to live in one unit or rent them all, this property provides strong in-place income and upside potential.

The Stats (House Hack, 5% Down) 📝

• Gross Rent: $6,400/month

• Operating Expenses: $2,090/month

• Effective Mortgage Payment: $6,699/month (after rental income)

• Year 1 Tax Deductions: $152,981 (75% since living in one unit)

• Cash Flow: Living in one unit may result in negative cash flow initially, but offers significant tax advantages and potential for long-term rental income growth.

The Stats (25% Down, Fully Rented as Investment) 📝

• Gross Rent: $9,600/month

• Total Annual Expenses(Includes Taxes & Insurance): $25,080/year

• Net Operating Income (NOI): $90,120/year

• Cash Flow: Positive cash flow from day one with rental income covering mortgage and operating expenses, and additional upside potential through future rental increases.

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House Flip

Property: 1615 15th Ave, San Francisco, CA
Price: $1,898,000
Units: Single Family Flip (4 Bed/3 Bath)
Flip Profit Potential: $263,670

Why This is a Great Investment 👉🏼 This contractor's special in San Francisco's Golden Gate Heights offers an exceptional opportunity for a savvy investor. With expansive ocean and city views, this four-bedroom, three-bath home is ripe for renovation. The well-laid-out floor plan, plus an unfinished basement and extra room for an office or den, provides tons of upside potential. After repairs, this property is estimated to have an ARV of $2.4M, yielding a projected profit of over $260K for flippers.

The Stats (Flip Analysis w/ HML @ 10% Down) 📝

• Purchase Price: $1,810,000

• Rehab Costs: $93,500

• After Repair Value (ARV): $2,400,000

• Total Profit: $263,670

• Annualized ROI: 258.6%

Multi-Family

Property: 517 5th St, Humble, TX
Price: $699,990
Units: 4 (2 Bed/1.5 Bath)
Cap Rate: 5.86%

Why This is a Great Investment 👉🏼 Located in Old Downtown Humble, TX, this 4-plex offers stable, low-maintenance cash flow in a charming neighborhood. All units are fully occupied, with rents close to market rates. Recent upgrades, including new granite counters and LVP flooring, ensure minimal CapEx in the coming years. There is also potential to increase rents to match market levels and achieve a higher CAP rate.

The Stats (25% Down) 📝

• Gross Rent: $4,740/month

• Total Annual Expenses: $10,517

• Net Operating Income (NOI): $41,028/year

• Cash Flow: Positive cash flow with room to increase through market rent adjustments.

• Cap Rate: 5.86%

Multi-Family(FULLY VACANT!)

Property: 119 W New York Ave, Las Vegas, NV
Price: $950,000
Units: 5 (4 x 1 Bed/1 Bath, 1 x 3 Bed/2 Bath)
Cap Rate: 5.86%

Why This is a Great Investment 👉🏼 Situated in the heart of Las Vegas' Arts District, this fully vacant 5-unit building is a perfect blank slate for investors. Recently upgraded, the property is ready to be leased at market rates, providing strong rental income from day one. With proximity to the Stratosphere Tower and new developments like Top Golf Downtown, this property is positioned for long-term appreciation.

The Stats (25% Down) 📝

• Gross Rent: $5,995/month (projected)

• Total Annual Expenses: $4,950

• Net Operating Income (NOI): $55,650/year

• Cap Rate: 5.86%

What’s Brewing at Dealsletter ☕️

• More House Hack Opportunities: With rising mortgage rates (Yay again), we’re focusing on properties that can offer creative financing and live-in investment options. Think duplexes, triplexes, and ADU potential properties where you can live in one unit and rent out the rest.

• Spotlight on Emerging Markets: We’re expanding beyond California, keeping an eye on emerging cities that offer attractive cap rates and investor-friendly climates. We’ll highlight cities you might not have considered but are primed for growth.

• Dealsletter Success Stories: Have you closed on a property or found value through Dealsletter? We want to hear about it! Send us your story for a chance to be featured in our community section.

• Premium Version Coming Soon!
  Get ready for a premium option featuring in-depth investment metrics and exclusive content. More details, more value!

• More Properties in Each Premium Issue
  Our premium version will offer more properties per issue, giving you a wider range of investment opportunities.

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