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- #80: Massive ROI Potential: This Bay Area Flip Could Return 295%
#80: Massive ROI Potential: This Bay Area Flip Could Return 295%
We're back with another four-deal issue, including two off-market Bay Area flips, a fully remodeled multifamily in Stockton, and a Kansas City BRRRR with just $5.6K left in the deal after refi.
Kevin
May 07, 2025
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Hello Investors,
Welcome to Issue #80 of Dealsletter — This week’s issue of Dealsletter delivers a perfect mix of high-margin Bay Area flips and accessible, cash-flowing multifamily opportunities. From a fully remodeled 8-unit in Stockton to a duplex flip in Oakland and a beginner-friendly BRRRR in Kansas City, we’ve got the numbers, strategies, and upside clearly laid out. Whether you’re looking to build equity or scale your portfolio, these four properties offer something for every investor.
🚨 Note on Numbers: All calculations for investment properties are based on a 25% down payment and a current interest rate of 6.90%, unless otherwise stated. For house hacks, we assume a 5% down payment with PMI at 0.4% and a 6.28%(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.
Fully Remodeled 8-Unit in Downtown Stockton
📍 Address: 248 W Oak St, Stockton, CA 95203
💰 Price: $1,199,000
🏠 Units: 8
🏦 Cap Rate: 7.4%
Why This Is a Great Investment
Every unit in this 8-plex has been completely remodeled with new quartz countertops, dual-pane windows, new appliances, and more—making it a true turnkey opportunity. Located in Stockton’s up-and-coming Downtown Waterfront district, this property benefits from walkability, proximity to entertainment, and a tenant base seeking updated units. With a solid cap rate and strong tenant demand, this is a low-hassle, high-quality addition to any portfolio.
The Stats (25% Down, ProForma, Multi-Family Investment) 📝
Purchase Price: $1,199,000
Cap Rate: 7.4%
DSCR: 1.24
Gross Rent: $9,600/month
Operating Expenses: $2,209/month
Taxes: $1,129/month
Insurance: $120/month
Maintenance: $480/month
Capital Expenditures: $480/month
Net Operating Income: $7,391/month
Loan Payments: $5,983/month
Cash Flow: $1,408/month
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Off-Market Duplex Flip in Oakland, CA w/ Strong ROI
📍 Address: 765 10th St, Oakland, CA 94607
💰 Price: $720,000
🏠 Units: 2
🏦 ROI: 153%
Why This Is a Great Investment
Off-market and loaded with potential, this duplex in Oakland is a textbook flip for experienced investors. While ARV sits at $1.1M, we’ve accounted for conservative finishes and potential CapEx repairs in our projections. This property also presents flexibility: investors can flip, hold, or explore the house-hack strategy. At a projected ROI of 153%, the margin of safety here is extremely favorable.
The Stats (10% Down, Hard Money Loan) 📝
Purchase Price: $720,000
Rehab Costs: $93,500 (includes 10% contingency)
Low-Mid Grade Finishes
Cap Ex Repairs Unknown (Leave Buffer for this)
After Repair Value (ARV): $1,100,000
Selling Costs (4.5%): -$49,500
Holding Costs: -$28,530
Holding Period: 4 months
Total Profit: $186,870
Return on Investment: 153%