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10211 Kukui Drive Huntington Beach, CA 92646

4 Beds 1 Baths 1,512 sqft Built 1963

INVESTimate

$869,000

List Price

$3,390

$3,140 - $3,640

Rent Est.

$914,362  ( +5.22%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1963
  • Price/Sqft : $574.74
  • 7 Days on Market
  • MLS # : OC20171196
  • Updated Date : 08/20/2020 at 21:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,512 sqft
  • Baths : 1 full
Listing Agent

Realty One Group West

Listing Agent's Description

Real curb appeal and loaded with features! A fast 4 miles to the sands of Huntington Beach and the Pacific Ocean. This home is built for entertaining! Remodeled kitchen with granite counter tops, kitchen island with sitting area, all stainless steel appliances and lots of storage. Large formal dining room area. 4 spacious bedrooms. Large master bedroom with walk-in closet. Upgraded bathrooms. Tile and wood laminate flooring throughout. Backyard entertainment area has Spanish tile flooring, free standing patio cover. Large outdoor cooking station with built in BBQ and lots of seating space. Gas fire ring. Large storage shed. Pass through garage with rear boat door.

SEE MORE

MARKET HIGHLIGHTS

  • The area has major technology nodes of excellence: Los Angeles (Media and entertainment); Pasadena (High-tech engineering, data analytics); Riverside (Agtech, transportation/ distribution); San Diego (Healthcare, biotech, wireless communications); Irvine (Medtech, cyber security); El Segundo (Aerospace and defense IT, space transport) [BCG, 2018]
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • Southern California produces more technology PhDs per year than any other region in the country and many of the higher educated students stay within Souther California contributing to readily available workforce skills making the area more attractive than Silicon Valley (BCG, 2018)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
  • Southern California has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (USMayors.org, 2018)
  • Headquarters to several Fortune 500 companies: Amgen, Farmers Insurance, Walt Disney, Avery Dennison, Activision Blizzard, CBRE Group, Edison International, Molina Healthcare, First American Financial, Pacific Life, Qualcomm and Sempra Energy (Fortune, 2018)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.
  • Los Angeles has been awarded the 2028 Olympics under a funding commitment of $88 billion to upgrade the transportation infrastructure connecting disparate pockets of the metro area. This is expected to produce additional employment in the coming years. (BCG, 2018)

PRICE & RENT TRENDS

Neighborhood: Huntington Beach

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800kPrice in $243k844k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Huntington Beach

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21800200022002400260028003000320034003600Rent in $17803620

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Isojiro Oka Elementary School Primary Regular 447 18 9
Samuel E. Talbert Middle School Middle Regular 722 29 9
Edison High School High Regular 2,560 107 9

Isojiro Oka Elementary School

  • Education Level: Primary
  • # of students: 447
  • # of teachers: 18
9
GreatSchools Rating

Samuel E. Talbert Middle School

  • Education Level: Middle
  • # of students: 722
  • # of teachers: 29
9
GreatSchools Rating

Edison High School

  • Education Level: High
  • # of students: 2,560
  • # of teachers: 107
9
GreatSchools Rating
 

$782,100$955,900$869,000

PURCHASE PRICE

$3,051$3,729$3,390

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,390
EXPENSES Loan Payment -$3,206
Property Tax -$882
Property Insurance -$64
Property Management Fees -$166
CASH FLOW
-$927

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$869,000

PROJECTED PRICE

$3,390

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.22%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$236,035

INVESTMENT

$236,035

Down Payment
$217,250
Rehab Estimate
$5,750
Closing Costs
$13,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,206

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $217,250
Loan Amount $651,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$5,408

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,390

    LIST RENT
  • $2.24

    LIST RENT PER SQFT
  • $3,413

    COMP ESTIMATED VALUE
  • $2.26

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,3003$3,3904$3,4005$3,700
$3,700
RENT COMPS ANALYSIS
  • 10211 Kukui Drive Huntington Beach, 3
    • 4 beds 1 baths ∙ 1,512 Sqft ∙ Built 1963 4 beds 1 baths ∙ 1,512 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,390
    • $2.24
    •  
  • 10211 Valley Forge Drive Huntington Beach, 1
    • 4 beds 2 baths ∙ 1,448 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,448 Sqft ∙ Built 1964
    property image
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.21
    •  
  • 10441 Shangri La Drive Huntington Beach, 2
    • 4 beds 2 baths ∙ 1,458 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,458 Sqft ∙ Built 1965
    property image
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.26
    •  
  • 10233 Peregrine Circle Fountain Valley, 4
    • 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 1968
    property image
    LEASED 08/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.16
    •  
  • 10162 Cutty Sark Drive Huntington Beach, 5
    • 4 beds 2 baths ∙ 1,540 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,540 Sqft ∙ Built 1963
    property image
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.40
    •  
PROPERTY LISTING DETAILS
Clinton Rosen
Realty One Group West
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20171196
Last Updated: 08/20/2020
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