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- #95: 3 House Flips with Big Upside from KC to San Jose
#95: 3 House Flips with Big Upside from KC to San Jose
$462K spread in Santa Clara and a light cosmetic scope? Let’s go.
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Note on Numbers: All calculations for investment properties are based on a 25% down payment and a current interest rate of 6.79%, unless otherwise stated. For house hacks, we assume a 5% down payment with PMI at 0.4% and a 6.25%(FHA) interest rate. We do the math so you can focus on what matters – the deals!

Blue Springs Flip with 116% ROI
📍 Address: 1113 SW 17th St, Blue Springs, MO 64015
💰 Price: $285,000
🏡 Units: Single Family (6 Bedrooms)
🏦 ROI: 116%

Why This is a Great Investment:
This massive 6-bedroom, 3-bath home is back on the market with no fault to the seller. At over 2,600 sqft and walking distance to schools and shopping, the location is prime. With a light cosmetic scope and an ARV of $415K, this is an ideal flip in a family-friendly suburb with strong comps.
The Stats (10% Down, Hard Money Loan) 📝
Purchase Price: $285,000
ARV: $415,000
Rehab costs: $42,900 (10% Contingency)
Down Payment: $28,500
Purchase Costs: $8,550
Cash Needed: $37,050
Selling Costs (4.5%): -$18,675
Holding Costs (3 Months): -$7,822
Total Profit: $52,053
ROI: 116%
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Santa Clara Flip with $462K Upside
📍 Address: 2099 2nd St, Santa Clara, CA 95054
💰 Price: $1,250,000
🏡 Units: Single Family w/ Detached ADU
🏦 ROI: 95.2%

Why This is a Great Investment:
Located minutes from Nvidia HQ, this 4-bed, 2-bath home with an ADU is a pure cosmetic play with a $462K discount to market. With strong comps, a manageable remodel scope, and zero HOA, this Silicon Valley home is primed for a fast, clean flip.
The Stats (10% Down, Hard Money Loan) 📝
Hard Money Loan Financed Terms Used
Loan Type: Interest-Only, 1 Year
Interest Rate: 10.45%
Loan to Cost: 90.9%
LTV: 72.8%
Financing Of: Price(90%), Rehab(100%)
Investment Metrics
Purchase Price: $1,250,000
ARV: $1,712,000
Rehab costs: $121,000 (10% Contingency)
Scope: Comprehensive aesthetic transformation using premium materials, custom elements, designer fixtures, and professional design services throughout all interior and exterior spaces.
Focus: Creating luxury finishes and high-end visual appeal while maintaining the existing structural framework and layout of the property.
Goal: Maximize property value and market appeal by delivering a move-in ready, luxury-grade home that commands top-tier pricing in the local market.
Down Payment: $125,000
Purchase Costs: $37,500
Cash Needed: $162,500
Selling Costs (4.5%): $77,040
Holding Costs (3 Months): $36,783
Total Profit: $189,677
Post-Tax Profit: $151,742
ROI: 95.2%
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San Jose Contractor Special
📍 Address: 11176 Canon Vista Ave, San Jose, CA 95127
💰 Price: $998,888
🏡 Units: Single Family
🏦 ROI: 93%

Why This is a Great Investment:
Located atop the Alum Rock hills with massive valley views, this fixer-upper has a 13,000 sqft lot and a $274K spread. Rehab is heavy, but the ARV is strong and demand in San Jose is resilient.
The Stats (10% Down, Hard Money Loan) 📝
Purchase Price: $998,888
ARV: $1,420,000
Rehab costs: $137,500 (10% Contingency)
Down Payment: $125,000
Purchase Costs: $37,500
Cash Needed: $162,500
Selling Costs (4.5%): $77,040
Holding Costs (3 Months): $36,783
Total Profit: $189,677
ROI: 95.2%
32-Unit SF Syndication w/ 8.3% Cap
📍 Address: 381 Turk St, San Francisco, CA
💰 Price: $5,100,000
🏡 Units: 32 (29 Studios, 3 One-Beds)
🏦 Cap Rate: 8.3% (Yr 1)

📦 Syndication Structure
Entity Type:
California LLC, or DE LLC registered in CA
Clear GP/LP structure with investor operating agreement
GP/LP Breakdown:
GP: BLANK LLC
LP Equity: ~$1.275M (25%)
Loan: $3.825M at 5%, 30-yr am
GP Equity Contribution: $150–200K
Split: 8% pref, then 70/30
Optional Hurdle: Go 60/40 above 15% IRR
Real Talk: Does It Pencil?
Yes — but not in the traditional way.
This is NOT a value-add play. It’s a cash-flow hold with some mild rent bumps and a strong entry cap. You’re not jacking rents 30%. You’re not doing a heavy reno. Most units are already close to market. No ADU, no fancy BRRRR exit.
But what you do have:
SF at under $160K/door
Cap rate over 8%
Solid rent collection
Market-proof location for housing demand
The Stats(Syndication Play, Acting as GP)
Purchase Price: $5,100,000
Cap Rate (Current): 7.21%
Cap Rate (Year 1): 8.34%
Gross Rent Multiplier (GRM): 8.46
Current Gross Scheduled Rent: $602,690/year
Pro Forma Gross Rent: $665,280/year
Effective Gross Income (Year 1): $683,223
Operating Expenses (Year 1): $258,081 (37.8% of EGI)
Cash-on-Cash (Year 1): 18.34%
Hold Period: 5–7 Years
Target IRR (LP): 13–15%
Equity Multiple: 1.8x–2.0x
Renovation Scope: Light touch (minor CapEx + reserves only)
Location: Tenderloin District — walking distance to Market St, Civic Center, Union Squaree
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Disclaimer: The content provided through Dealsletter, including investment metrics, property analysis, and rewards materials, is for informational and educational purposes only. It does not constitute financial, legal, or investment advice. Always conduct your own due diligence or consult a licensed professional before making any investment decisions. Dealsletter assumes no responsibility for any financial outcomes resulting from actions taken based on the information provided.
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