Property Deep Dive Analysis

Comprehensive investment analysis powered by real data

MIXED-USE - 16 UNITS

2360-2366 Mission St, San Francisco, CA

Purchase Price
$6,000,000
Price/Unit
$375,000
True Cap Rate
6.0%
Configuration
14 Res + 2 Com
Year Built
1926
Location
Mission District
SCORE: 5/10 ❌ PASS - SAN FRANCISCO PRICING PROBLEM

⚠️ THE SAN FRANCISCO PRICING PROBLEM

$1.8M down payment for only 2.6% CoC returns!

This deal requires MASSIVE capital ($1.8M down) and generates TERRIBLE returns compared to your other opportunities. You're 7-10X better off investing elsewhere.

The Numbers - BRUTAL Reality

Down Payment (30%)
$1,800,000
Year 1 Cash Flow
$50,659
Monthly Cash Flow
$4,222
CoC Return
2.6%
NOI
$360,980
Expense Ratio
19.8%

Unit Mix - Mixed Commercial/Residential

Unit Type Count Current Rent Market Rent
Commercial Unit 101 1 $5,500/mo $5,500/mo
Commercial Unit 102 1 $3,000/mo $3,000/mo
Studios 12 $1,287-2,050/mo $2,100/mo
1-Bedroom 1 $2,300/mo $2,400/mo
Basement Storage 1 $1,000/mo $1,000/mo
Total 16 $34,571/mo $39,500/mo
14.3% Rent Upside: Current $414,852/year → Market $474,000/year = $59,148 additional income potential

Comparison to Your WINNING Deals

Property Down Payment Y1 CoC Score Verdict
Oakey 5-Unit LV $175k 18.5% 9.5/10 ✅ Champion
Santa Rosa 7-Unit $224k 19.5% 9.5/10 ✅ BRRRR
Vallejo 11-Unit $462k 12.2% 9.5/10 ✅ Best CF
SF Mission 16 $1,800k 2.6% 5/10 ❌ PASS

❌ 7-10X WORSE RETURNS

This deal requires 10X more capital than Oakey ($1.8M vs $175k) for 1/7th the returns (2.6% vs 18.5%). This is mathematically TERRIBLE.

5-Year Projection - Still Terrible

Year Gross Income NOI Cash Flow CoC
1 $474,000 $360,980 $50,659 2.6%
2 $488,220 $372,228 $61,907 3.1%
3 $502,867 $383,824 $73,503 3.7%
5 $533,491 $408,090 $97,769 4.9%
10 $618,462 $475,595 $165,274 8.3%

Takes 5 YEARS to hit 4.9% CoC! Meanwhile, your other deals are generating 12-19% from Day 1.

What You DO Get

✅ Some Positives

Prime Mission District

Heart of SF, BART/Muni, high foot traffic

Mixed-Use Income

2 commercial units add stability

Updated Systems (2022)

Siemens electrical, low 19.8% expense ratio

Vintage 1926 Character

Full basement, rooftop views, 65ft frontage

SF Appreciation

Historical 4-5% annually, Prop 13 protection

❌ Fatal Flaws

MASSIVE Capital Required

$1.8M down payment - opportunity cost HUGE

TERRIBLE CoC (2.6%)

7-10X worse than your other deals

San Francisco Exposure

Regulations, rent control, tenant protections

Takes 5 Years to Hit 4.9%

While other deals generate 12-19% Day 1

Better Uses of $1.8M

Could buy 10+ excellent properties instead

What $1.8M Could Buy Instead

Instead of THIS deal, with $1.8M you could buy:
  • 10x Oakey 5-Unit properties185% CoC avg
  • 8x Santa Rosa 7-Unit properties156% CoC avg
  • 4x Vallejo 11-Unit properties48.8% CoC avg
  • OR... this SF Mission deal2.6% CoC

The opportunity cost is INSANE. You'd be locking up $1.8M for 2.6% returns when you could generate 10-70X better returns elsewhere.

❌ HARD PASS - TERRIBLE DEAL

San Francisco pricing makes this mathematically impossible to justify.

$1.8M down for 2.6% CoC is TERRIBLE when you have 12-19% CoC deals available requiring far less capital. Takes 5 years just to hit 4.9% returns.

Verdict: Pass completely. Use that $1.8M to buy 4-10 excellent properties instead.

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DUPLEX - STABLE CASHFLOW

7941 Diana Marie Dr, Stockton, CA

Purchase Price
$465,000
Price/Unit
$232,500
Cap Rate
6.22%
Units
2 x 2bed/2bath
Unit Size
914 sqft each
Expense Ratio
18.1%
SCORE: 7/10 ⚠️ CONDITIONAL - BORING BUT STABLE
The Game Changer: 18.1% expense ratio (vs 26.5% estimated) makes this a STABLE, BORING, CASH-FLOWING duplex from Day 1. Not exciting, but it works.

Year 1 Performance - Positive From Day 1

Cash Needed (30% down)
$139,500
Annual Cash Flow
$2,954
Monthly Cash Flow
$246
CoC Return
2.1%
NOI
$28,932
Expense Ratio 🏆
18.1%
Key Insight: The 18.1% expense ratio CHANGES EVERYTHING. This is extremely efficient and ensures positive cash flow from Day 1.

Current vs Market Rents

Unit Current Rent Market Rent Upside
Unit 1 (2bed/2bath) $1,600/mo $1,652/mo +$52/mo
Unit 2 (2bed/2bath) $1,500/mo $1,615/mo +$115/mo
Total $3,100/mo $3,267/mo +$167/mo = $2,004/year

Value-Add Path - Simple & Clear

Phase 1: Immediate Raises
+$2,004/year
Phase 2: Light Updates
$6,000 cost
Post-Update Rents
$1,700/unit
Total Annual Upside
$6,912/year
  • Paint & Flooring Refresh$3,000/unit
  • Total Investment$6,000
  • Year 2 CoC (with updates)4.3%

5-Year Projection

Year Gross Income NOI Cash Flow CoC
1 $37,200 $28,932 $2,954 2.1%
2 (with updates) $40,800 $31,920 $5,942 4.3%
3 $42,024 $32,878 $6,900 4.9%
5 $44,605 $34,886 $8,908 6.4%

Property Features

✅ Strengths

🏆 Low Expense Ratio (18.1%)

Extremely efficient operations

Positive CF Day 1

$246/month current, $388/month at market

Turn-Key Condition

Roof <10 years, currently occupied

Strong Parking

2-car garage + 2 spaces each = 8 total

Clear Value-Add

$6k updates = $6,912/year upside (115% ROI)

Low Entry Point

Only $139,500 down payment

⚠️ Weaknesses

Low Year 1 CoC (2.1%)

Not exciting returns initially

Stockton Location

C-class market, limited appreciation

Takes 2 Years to Hit 4%+

Slow growth trajectory

Small Scale

Only 2 units, limited impact

Requires 30% Down

Not 25% - higher capital requirement

Who Should Buy This

✅ Perfect For

Conservative Investors

Risk-averse, want stability over growth

First-Time Multifamily Buyers

Simple, manageable, low complexity

Local Stockton Investors

Can manage easily, know the market

Mailbox Money Seekers

Want passive, boring cash flow

❌ Not For

High CoC Chasers

Want 10%+ returns from Day 1

Aggressive Growth Seekers

This is slow and steady, not explosive

Out-of-Area Investors

Stockton requires local knowledge

Scale-Focused Operators

2 units won't move the needle

Offer Strategy

Offer Down (30%) CoC Current CoC Market Score
$435,000 $130,500 3.9% 5.1% 8/10
$450,000 $135,000 2.8% 3.8% 7.5/10
$465,000 (asking) $139,500 2.1% 3.3% 7/10

⚠️ CONDITIONAL BUY - STABLE BUT BORING

At $465k (7/10): Buy if you want stable, boring cash flow. First-time investor, local to Stockton, value low 18.1% expenses, okay with 2-4% CoC.

At $435k (8/10): STRONG BUY - 3.9% CoC current rents, 5.1% at market rents, excellent fundamentals.

Key Insight: The 18.1% expense ratio changes everything. Not exciting, but it works. Low-risk, positive cash flow, turn-key.

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LOCATION PLAY - MIDTOWN KC

4121-4123 Walnut St, Kansas City, MO

Purchase Price
$849,000
Price/Unit
$141,500
Cap Rate
6.8%
Units
6 x 2bed/1bath
Walk Score
91
Year Built
1911
SCORE: 8/10 ✅ GOOD BUY - PRIME LOCATION

🎯 91 WALK SCORE - WALKER'S PARADISE

Steps to new KC Streetcar, half block from Starbucks, dozens of restaurants nearby. This is an A+ PRIME Midtown location that justifies the premium pricing!

Year 1 Performance

Cash Needed (30% down)
$280,170
Annual Cash Flow
$14,224
Monthly Cash Flow
$1,185
CoC Return
5.1%
NOI
$58,134
Expense Ratio
28.9%

Unit Mix & Condition

Units Type Condition Status
4 Units 2bed/1bath Recently Renovated (2024-2025) ✅ Ready
2 Units 2bed/1bath Classic condition Needs ~$30k total
All Units New windows throughout (2025) ✅ Updated
Current Rents: $7,170/month ($86,040/year) averaging $1,195/unit

Location Analysis - HUGE ASSET

Walnut Street Corridor Benefits:

  • Walk Score91 - Walker's Paradise
  • TransitNew KC Streetcar stop nearby
  • ProximityCrown Center, Crossroads Arts District
  • AmenitiesStarbucks, dozens of restaurants

✅ Target Demographics

Young Professionals

Urban lifestyle seekers

Medical Workers

Nearby hospitals

UMKC Students/Staff

University nearby

Car-Free Lifestyle

High-income renters

✅ Location Justifies Premium

$141,500/Unit Pricing

Premium for A+ location

Rent Premium Potential

Can charge above-market rates

Long-Term Wealth Builder

Appreciation + cash flow

Multiple Exit Strategies

Rentals, Airbnb, corporate housing

Value-Add Opportunities

Phase 1: Renovate 2 Units
$30,000
Rent Increase
+$6,168/year
ROI on Updates
20.6%
Total Annual Upside
$10k+/year
  • Phase 2: Convert to Furnished Rentals30-50% rent premium
  • Phase 3: Raise to Market ($1,250-1,350)+$3,960/year
  • Furnished 2bed Potential$1,800-2,200/month

5-Year Projection

Year Gross Income NOI Cash Flow CoC
1 $86,040 $58,134 $14,224 5.1%
2 $88,621 $60,028 $16,118 5.8%
3 $91,280 $61,982 $18,072 6.5%
5 $96,839 $66,077 $22,167 7.9%
10 $112,263 $77,497 $33,587 12.0%

10-Year Equity Buildup

Year Property Value Loan Balance Total Equity
1 $882,960 $587,336 $295,624
3 $955,010 $572,035 $382,975
5 $1,032,938 $554,703 $478,235
10 $1,256,727 $500,625 $756,102
10-Year Total Profit: $635,581 (equity buildup + cumulative cash flow)

Why This Works

✅ Strengths

🎯 91 Walk Score

Walker's Paradise - rare in KC

5.1% CoC Year 1

Solid, stable, grows to 12% by Year 10

Recent Renovations

4/6 units done, new windows throughout

Versatile Property

Rentals, Airbnb, corporate housing

Strong Equity Buildup

$756k by Year 10

On-Site Parking

Rare for urban Midtown

⚠️ Considerations

2 Units Need Work

$30k renovation budget required

Moderate CoC (5.1%)

Not exceptional vs 10%+ deals

1911 Building

114 years old - potential hidden issues

Window A/C

Not central air (common for old buildings)

30% Down Required

$280k total cash needed

Offer Strategy

Offer Down (30%) Y1 Cash Flow Y1 CoC Verdict
$800,000 $240,000 $19,090 8.0% Best value
$820,000 $246,000 $17,090 6.9% Good compromise
$849,000 (asking) $254,700 $14,224 5.1% Worth it for location

✅ GOOD BUY - LOCATION PLAY

This is a LOCATION investment with solid fundamentals:

• 91 Walk Score (Walker's Paradise)

• $14,224 Year 1 cash flow, grows to $33,587 by Year 10

• 5.1% CoC Year 1 → 12% CoC Year 10

• Prime Midtown KC location justifies $141,500/unit pricing

• Recently renovated (4/6 units), new windows

• $636k total profit over 10 years

You're paying for LOCATION here. Not the highest CoC, but excellent long-term wealth builder with immediate cash flow.

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FIRE DAMAGE FLIP - 0.81 ACRE LOT

27449 Dobbel Ave, Hayward, CA

Purchase Price
$649,950
ARV
$1,085,000
Size
1,812 sqft
Configuration
4bed/2bath
Lot Size
0.81 Acres!
Year Built
1950
SCORE: 8.5/10 ✅ STRONG BUY - FIRE DAMAGE FIXABLE
🔥 THE OPPORTUNITY: Fire damage is fixable (not structural collapse) + MASSIVE 0.81 acre lot (35,284 sqft!) + Conservative ARV with $263k safety margin = Excellent flip opportunity!

Deal Overview

Cash Needed
$84,494
Total Profit
$153,403
ROI
117%
Annualized ROI
201%
Rehab Budget
$175,000
Timeline
7-8 Months

Deal Structure

  • Purchase Price$649,950
  • Down Payment (10%)$64,995
  • Closing Costs$19,499
  • Hard Money Loan (90% + 100% rehab)$760,000
  • Rehab (100% financed)$175,000
  • Interest Rate10.45%
  • Holding Costs (7 months)$46,319
  • Total Cash to Close$84,494

Realistic Rehab Scope ($175k @ $97/sqft)

Category Details Cost
Fire Damage Remediation Demo, structural repairs, electrical rewire $78,000
Kitchen (2 units) Full remodel, cabinets, counters, appliances $25,000
Bathrooms (2 full) Complete renovation $20,000
Flooring Throughout LVP/carpet entire house $15,000
Interior/Exterior Paint Complete paint job $12,000
Systems (HVAC, Plumbing) Updates and repairs $15,000
Permits & Inspection Fire damage certification $10,000
Total Rehab $175,000

ARV Validation - CONSERVATIVE $1,085,000

Address Beds/Bath Sqft Sale Date Price $/sqft
28047 Dobbel Ave ⭐ 3bed/2bath 1,612 09/30/25 $1,199,900 $744
Your Property 4bed/2bath 1,812 $1,085,000 $599

🔥 HUGE ARV SAFETY MARGIN

Dobbel Ave comp (0.51mi away) sold at $744/sqft!

Your property at $744/sqft = $1,348,128

Using conservative $599/sqft = $1,085,000

Built-in $263k safety margin! ARV could realistically be $1,200,000+

The 0.81 Acre Lot ADVANTAGE

Lot Size
35,284 sqft
vs Typical Bay Area
5,000-8,000 sqft
Size Multiple
4-7X Larger
Added Value
$100-200k
MASSIVE LOT BENEFITS: Privacy, views, space, potential to add ADU after sale, development potential. This lot alone adds $100-200k to the value!

Upside Scenarios

Scenario ARV Profit ROI Likelihood
Conservative $1,085,000 $153,403 117% Base case
Realistic $1,150,000 $218,403 167% High
Optimistic $1,200,000 $268,403 205% Possible

Timeline & Strategy

  • Month 1-2: Permits, Demo, StructuralFoundation
  • Month 3-5: Rough WorkElectric, plumbing, drywall
  • Month 6-7: FinishesKitchen, bath, flooring, paint
  • Month 8: Staging, Listing, ClosingExit
  • Total Timeline7-8 months (reasonable)

Why This Works

✅ Strengths

$153k Profit at Conservative ARV

117% ROI, 201% annualized

$263k ARV Safety Margin

Conservative $599/sqft vs $744/sqft comp

🏆 0.81 Acre Lot (MASSIVE)

35,284 sqft - adds $100-200k value

Fire Damage is Fixable

Not structural collapse, clear scope

Hayward Hills Location

Desirable Bay Area neighborhood

Realistic $175k Rehab

$97/sqft reasonable for fire damage

⚠️ Risks

Fire Damage Unknowns

Hidden issues possible, get thorough inspection

1950 Building (75 Years)

Foundation, systems may have issues

Permit Requirements

Fire damage certification needed, potential delays

7-8 Month Timeline

Each extra month = $6,617 interest

Offer Strategy

Offer Profit ROI Strategy
$620,000 $182,903 147% Discount for fire damage
$649,950 (asking) $153,403 117% Worth it - lot size + ARV upside
Max $650,000 $150k+ 115% Still excellent returns

✅ STRONG BUY - FIRE DAMAGE IS FIXABLE

At $649,950 with $175k rehab:

• Total invested: $130,813 (cash + holding)

• Profit: $153,403 (117% ROI, 201% annualized)

• Conservative ARV with $263k safety margin

• MASSIVE 0.81 acre lot (35,284 sqft - rare!)

• Realistic 7-8 month timeline

• Hayward Hills location

Fire damage is manageable. Lot is incredible. ARV is conservative. GO FOR IT!

View Property on Zillow →