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15391 Rushmoor Lane Huntington Beach, CA 92647

4 Beds 2 Baths 1,432 sqft Built 1962

$850,000

List Price

$3,070

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $593.58
  • 3 Days on Market
  • MLS # : SW20247552
  • Updated Date : 11/27/2020 at 17:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,432 sqft
  • Baths : 2 full
Listing Agent

Kw Temecula

Listing Agent's Description

Take a look at this remarkable single story home in Huntington Beach! Offering 4 bedrooms, 2 bathrooms, attached 2 car garage. Upgraded tile in bathrooms, tile and lament flooring throughout the home and a spacious 2 car attached garage. The backyard is private with easy maintenance and covered patio. Easy access to Freeway, shopping and schools!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • 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 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)

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
Clegg Elementary School Primary Regular 558 23 8
Helen Stacey Middle School Middle Regular 907 39 8
Westminster High School High Magnet 2,688 102 7

Clegg Elementary School

  • Education Level: Primary
  • # of students: 558
  • # of teachers: 23
8
GreatSchools Rating

Helen Stacey Middle School

  • Education Level: Middle
  • # of students: 907
  • # of teachers: 39
8
GreatSchools Rating

Westminster High School

  • Education Level: High
  • # of students: 2,688
  • # of teachers: 102
7
GreatSchools Rating
 

$765,000$935,000$850,000

PURCHASE PRICE

$2,763$3,377$3,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,070
EXPENSES Loan Payment -$3,136
Property Tax -$861
Property Insurance -$62
Property Management Fees -$150
CASH FLOW
-$1,139

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.

$850,000

PROJECTED PRICE

$3,070

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$796

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,070

    LIST RENT
  • $2.14

    LIST RENT PER SQFT
  • $3,211

    COMP ESTIMATED VALUE
  • $2.24

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,0703$3,1004$3,2005$3,400
$3,400
RENT COMPS ANALYSIS
  • 15391 Rushmoor Lane Huntington Beach, CA 2
    • 4 beds 2 baths ∙ 1,432 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,432 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $3,070
    • $2.14
    •  
  • 6942 Oxford Drive Huntington Beach, CA 1
    • 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1962
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.35
    •  
  • 16351 Anita Lane Huntington Beach, CA 3
    • 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1963
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.23
    •  
  • 15171 Victoria Lane Huntington Beach, CA 4
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1962
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.13
    •  
  • 6972 Dresden Circle Huntington Beach, CA 5
    • 4 beds 2 baths ∙ 1,504 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,504 Sqft ∙ Built 1962
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.26
    •  
PROPERTY LISTING DETAILS
Andrew Warburton
Kw Temecula
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20247552
Last Updated: 11/27/2020
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