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15642 Aulnay Lane Huntington Beach, CA 92647

4 Beds 2 Baths 2,000 sqft Built 1963

$1,030,000

List Price

$3,580

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1963
  • Price/Sqft : $515.00
  • 4 Days on Market
  • MLS # : OC20197560
  • Updated Date : 11/06/2020 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,000 sqft
  • Baths : 2 full
Listing Agent

Seven Gables Real Estate

Listing Agent's Description

This home checks all the boxes! 4 Bedrooms, 3 Baths, 3 Car Garage, Gated RV storage, Swimming Pool and Central Air. Two master bedrooms, One on the first floor and the second retreat on the upper floor. Open concept floorplan with front facing living room with stacked stone fireplace, formal dining space adjacent to the kitchen. Stainless appliances, granite counters and back-splash, raised panel cabinet doors and drawers, pantry and much more. View of back yard and pool from nearly every area downstairs. Lower level bedroom with private bath. Guest bath and two guest bedrooms on the first floor. Upper bedroom with two wardrobe closets. Spacious bath with soaking tub and separate shower. Beautiful pool with Baja shelf, grass for play and flower beds for planting. Three Car Garage has lots of storage. Tankless water heater is only a couple months old. This home is the one you have been waiting for! https://www.zillow.com/view-3d-home/407a2fc1-ac8f-40e1-bbd6-b93b6c4aba77?setAttribution=mls&wl=true

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Circle View Elementary School Primary Magnet 711 25 10
Spring View Middle School Middle Regular 798 32 7
Marina High School High Regular 2,438 93 9

Circle View Elementary School

  • Education Level: Primary
  • # of students: 711
  • # of teachers: 25
10
GreatSchools Rating

Spring View Middle School

  • Education Level: Middle
  • # of students: 798
  • # of teachers: 32
7
GreatSchools Rating

Marina High School

  • Education Level: High
  • # of students: 2,438
  • # of teachers: 93
9
GreatSchools Rating
 

$927,000$1,133,000$1,030,000

PURCHASE PRICE

$3,222$3,938$3,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,580
EXPENSES Loan Payment -$3,800
Property Tax -$1,028
Property Insurance -$75
Property Management Fees -$175
CASH FLOW
-$1,499

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.

$1,030,000

PROJECTED PRICE

$3,580

PROJECTED RENT

0.35%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$278,700

INVESTMENT

$278,700

Down Payment
$257,500
Rehab Estimate
$5,750
Closing Costs
$15,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,800

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $257,500
Loan Amount $772,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$339

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,580

    LIST RENT
  • $1.79

    LIST RENT PER SQFT
  • $3,685

    COMP ESTIMATED VALUE
  • $1.84

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,5803$3,6004$3,7505$3,800
$3,800
RENT COMPS ANALYSIS
  • 15642 Aulnay Lane Huntington Beach, CA 2
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1963 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $3,580
    • $1.79
    •  
  • 16362 Woodstock Lane Huntington Beach, CA 1
    • 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1965
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.91
    •  
  • 15921 Carrie Lane Huntington Beach, CA 3
    • 4 beds 2 baths ∙ 2,001 Sqft ∙ Built 1962 4 beds 2 baths ∙ 2,001 Sqft ∙ Built 1962
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.80
    •  
  • 15561 Whiteoak Lane Huntington Beach, CA 4
    • 4 beds 2 baths ∙ 1,947 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,947 Sqft ∙ Built 1972
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.93
    •  
  • 6162 Montecito Drive Huntington Beach, CA 5
    • 4 beds 4 baths ∙ 2,193 Sqft ∙ Built 1965 4 beds 4 baths ∙ 2,193 Sqft ∙ Built 1965
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.73
    •  
PROPERTY LISTING DETAILS
Jennifer Thomas
Seven Gables Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20197560
Last Updated: 11/06/2020
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