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15852 Belfast Lane Huntington Beach, CA 92647

3 Beds 3 Baths 1,726 sqft Built 1964

$750,000

List Price

$3,400

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $434.53
  • 4 Days on Market
  • MLS # : OC20258908
  • Updated Date : 12/18/2020 at 07:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,726 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker-campbell Rltrs

Listing Agent's Description

If you have been searching for a home in HUNTINGTON BEACH, SURF CITY, USA …A home that you can use your imagination…remodel with your own unique taste and style…This might be the home of your dreams! This home is 1,726sf and is the largest floor plan in the community of Dutch Haven College. It has 3 spacious bedrooms and 2 1/2 bathrooms and great living spaces. The kitchen is open to the family room with a brick fireplace, perfect for entertaining and having family gatherings. All bedrooms are upstairs with the Primary Bedroom having an en-suite bathroom. This home is on a 6,100sf lot with mature avocado trees and a side gate allowing access for RV or Boat Parking. This Huntington Beach community is beach close, approximately 3 miles from PCH, and close to shopping and dining at Bella Terra. Your weekend possibilities are endless, whether you enjoy surfing, going to dog beach, shopping or dining on Main Street or Pacific City. For location and coastal living, this home cannot be matched!

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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
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
 

$675,000$825,000$750,000

PURCHASE PRICE

$3,060$3,740$3,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,400
EXPENSES Loan Payment -$2,767
Property Tax -$749
Property Insurance -$69
Property Management Fees -$167
CASH FLOW
-$351

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.

$750,000

PROJECTED PRICE

$3,400

PROJECTED RENT

0.45%

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-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$30,526

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,400

    LIST RENT
  • $1.97

    LIST RENT PER SQFT
  • $3,461

    COMP ESTIMATED VALUE
  • $2.01

    COMP AVG. RENT PER SQFT
Comps Range
$3,250
1$3,2502$3,3503$3,4004$3,5005$3,500
$3,500
RENT COMPS ANALYSIS
  • 15852 Belfast Lane Huntington Beach, CA 3
    • 3 beds 3 baths ∙ 1,726 Sqft ∙ Built 1964 3 beds 3 baths ∙ 1,726 Sqft ∙ Built 1964
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.97
    •  
  • 7081 Candlelight Circle Huntington Beach, CA 1
    • 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1967
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.02
    •  
  • 6721 Laurelhurst Drive Huntington Beach, CA 2
    • 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 1965
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.05
    •  
  • 16362 Woodstock Lane Huntington Beach, CA 4
    • 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1965
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.91
    •  
  • 16192 Windemeir Lane Huntington Beach, CA 5
    • 3 beds 3 baths ∙ 1,718 Sqft ∙ Built 1965 3 beds 3 baths ∙ 1,718 Sqft ∙ Built 1965
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.04
    •  
PROPERTY LISTING DETAILS
Erin Robles
Coldwell Banker-campbell Rltrs
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20258908
Last Updated: 12/18/2020
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