Hello Investors,
Welcome to Dealsletter #48! This week, we’re bringing you a variety of hot real estate opportunities tailored for every type of investor: a flip opportunity in San Jose, a house hack in Berkeley, a dual-use multifamily in San Diego, and an 8% Cap gem in Las Vegas. Whether you’re building equity, cash flow, or just starting, these deals have something for everyone.
🏠 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!
🚨 Note on Numbers: All calculations for investment properties are based on a 25% down payment and a current interest rate of 7.13%, unless otherwise stated. For house hacks, we assume a 5% down payment with PMI at 0.4% and a 6.42%(FHA) interest rate. We do the math so you can focus on what matters – the deals!
👉🏼 Stay up to date: What’s the latest on mortgage rates?
📈 The Stats: Each listing comes with detailed investment metrics like cap rates, GRM, and special financing options where available.
This Weeks Deals 🏘️
House Flip in San Jose, CA
Property: Porter Ln, SFH
ROI: 33%
House Hack in Berkeley, CA
Property: Tyler St, SFH w/ ADU
Cap Rate: N/A (House Hack)
Multi-Family/House Hack in San Diego, CA
Property: Logan Ave, 5 Units
Cap Rate: 7%
Multi-Family in Las Vegas, NV
Property: Shamrock Ave, 4 Units
Cap Rate: 8.07%
House Flip
Property: 10774 Porter Ln, San Jose, CA
Price: $985,000
SFH: 4 Beds, 2 Baths, 1,536 soft
ROI: 33%
Why This is a Great Investment 👉🏼 This fixer-upper is located in San Jose’s sought-after East Foothills. Surrounded by parks, trails, and the San Jose Country Club, this property is perfect for a quick and profitable flip. With a 3-month holding period and strong resale value, it’s ideal for investors looking for a fast turnaround.
The Stats (10% Down w/ HML Financing) 📝
Rehab Costs: $63,800 (Include 10% cost overrun)
Purchase Price: $995,000
ARV: $1,225,000
Profit: $53,023
ROI: 33.7%
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House Hack
Property: 1505 Tyler St, Berkeley, CA
Price: $998,000
Stats: 4 beds, 3 baths, 1,529 sqft
ADU Rent: $2,100/month
Why This is a Great Investment 👉🏼 This Craftsman-style property features a 3-bed, 2-bath main house and a fully-permitted 1-bed, 1-bath ADU built in 2021. Located near Ashby BART, Berkeley Bowl, and Whole Foods, this is a prime opportunity for offsetting your mortgage while enjoying a highly desirable neighborhood.
The Stats (10% Down) 📝
Gross Rent (ADU): $2,100/month
Operating Expenses: $1,111/month
Loan Payments: $5,797/month
Effective Mortgage (w/ ADU rented): $4,806/month
Multi-Family (with HUGE House Hack Option)
Property: 3643-45 Logan Ave, San Diego, CA
Price: $1,599,000
Units: 5 (3 x 3-Bed/1-Bath, 2 x 1-Bed/1-Bath)
Cap Rate: 7.03%
Why This is a Great Investment 👉🏼 This 7% cap rate property offers a mix of newly constructed and updated units with solar income, gated security, and modern finishes. The new units are rent control-exempt for 15 years, making this a stellar long-term investment or house hack option.
The Stats (Multi-Family Investment at 72% LTV) 📝
Gross Rental Income: $150,600/year
Operating Expenses: $35,152/year
Net Operating Income: $112,436/year
Cap Rate: 7.03%
The Stats (House Hack, 5% Down, Living in 1-Bed/1-Bath Unit) 📝
Purchase Price: $1,575,000
Gross Rent: $11,450/month
Operating Expenses: $1,674/month
Loan Payment: $10,154/month
Effective Mortgage: $378 (WOW!)
Multi-Family Value-Add
Property: 3485 Shamrock Ave, Las Vegas, NV
Price: $649,000
Units: 4 (3 x 1-Bed/1-Bath, 1 x 4-Bed/2-Bath)
Cap Rate: 8.07%
Why This is a Great Investment 👉🏼 This unique 4-unit property offers high cash flow potential in a landlord-friendly market. Located at the end of a cul-de-sac with a pool and jacuzzi, it’s perfect for tenants and long-term investors.
The Stats (25% Down) 📝
Gross Rental Income: $55,200/year
Operating Expenses: $5,471/year
Net Operating Income: $49,729/year
Cap Rate: 8.07%
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.
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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