#98: House Hack Meet High-ROI Flips

This week features house hack opportunities with zero effective mortgages, Bay Area flips delivering 50-137% ROI, an entire 11-property Kansas City portfolio under $1M, and strategic plays across Oakland, San Francisco, and Southern California.

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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 6.75%, unless otherwise stated. For house hacks, we assume a 5% down payment with PMI at 0.4% and a 6.27%(FHA) interest rate. We do the math so you can focus on what matters – the deals!

Oakland Fourplex House Hack - Zero Effective Mortgage

📍Address: 747 55th Street, Oakland, CA 94609
đź’° Price: $1,400,000
🏡 Units: Fourplex (2x1BR + 2x2BR)
🏦 Effective Mortgage: $0/mo | House Hack ROI: 123%

Why This is a Great Investment:

This North Oakland fourplex delivers the ultimate house hack scenario—live in one unit while three tenants completely cover your mortgage. Located minutes from Temescal, Rockridge, and Berkeley border with recent upgrades including updated kitchens/bathrooms, new electrical and plumbing systems, plus four off-street parking spaces and dedicated storage units.

Two units delivered vacant provide immediate rental income optimization opportunities. The property offers instant diversification with both 1BR and 2BR units serving different tenant markets.

The Stats (25% Down, Conventional Investment) 📝

  • Purchase Price: $1,400,000

  • Down Payment: $350,000

  • Monthly Mortgage: $7,140

  • Rental Income (3 units): $7,200/mo

  • Operating Expenses: $2,738/mo

  • Your Net Housing Cost: $0/mo

  • Annual Cash Flow While Living There: $720

Need a Lender Who Actually Gets Investor Deals?

A good deal dies without the right financing — but Mike LeHoty makes sure yours doesn’t.

He works exclusively with real estate investors and can fund almost any strategy: DSCR, Fix & Flip, Bridge Loans, Short-Term Rentals, Conventional, and more.

With access to hundreds of investor-friendly programs, Mike can custom-fit financing to your current deal and help you plan ahead for the next one.

📞 Call/Text: 440-557-2887

đź“§ Email: [email protected]

đź”— Get a Rate Quote

Mike LeHoty | Loan Originator | NMLS #2657277

Escondido Value Play with 137% ROI

📍 Address: 1603 Towell Lane, Escondido, CA 92029
đź’° Price: $990,000
🏡 Units: Single Family (4BR/2BA)
🏦 ROI: 137%

Why This is a Great Investment:
Fantastic cul-de-sac location with $289K discount to DealCheck's estimated value of $1.279M. This 2,736 sq ft property sits on a desirable street offering complete rehabilitation opportunity. Structurally sound but outdated, it's perfect for full modernization to meet current market standards.

The neighborhood supports strong resale values, and the cul-de-sac location adds family appeal. Full scope renovation targeting $1.51M ARV delivers $233K profit in 4-month timeline.

The Stats (10% Down, Hard Money Loan) 📝

  • Purchase Price: $990,000

  • ARV: $1,510,000

  • Rehab Costs: $148,500 (10% Contingency)

  • Down Payment: $99,000

  • Selling Costs (4.5%): $67,950

  • Holding Costs (4 Months): $40,687

  • Total Profit: $233,163

  • ROI: 137%

Fremont Cosmetic Flip with $220K Profit

📍 Address: 1401 Lemos Lane, Fremont, CA 94539
đź’° Price: $1,850,000 ($138K under asking)
🏡 Units: Single Family (3BR/2BA)
🏦 ROI: 70%

Why This is a Great Investment:
Mission Valley cosmetic fixer on large lot with original hardwood floors and dual-pane windows. Probate sale offers opportunity at $138K below asking price with court confirmation process. Property features two-car garage and tranquil neighborhood setting.

Ready to move-in condition allows immediate occupancy while planning cosmetic improvements. Full remodel targeting $2.425M ARV aligns with Fremont's high-end buyer expectations for turnkey properties.

The Stats (10% Down, Hard Money Loan) 📝

  • Purchase Price: $1,850,000 ($138K under asking)

  • ARV: $2,425,000

  • Rehab Costs: $119,350 (10% Contingency)

  • Down Payment: $185,000

  • Selling Costs (4.5%): $109,125

  • Holding Costs (4 Months): $71,194

  • Total Profit: $219,831

  • ROI: 70%

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