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17221 Blue Fox Circle Huntington Beach, CA 92647

5 Beds 2 Baths 2,279 sqft Built 1971

INVESTimate

$1,049,000

List Price

$3,740

$3,490 - $3,990

Rent Est.

$1,103,758  ( +5.22%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1971
  • Price/Sqft : $460.29
  • 3 Days on Market
  • MLS # : OC20169603
  • Updated Date : 08/24/2020 at 08:32
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,279 sqft
  • Baths : 2 full
Listing Agent

Seven Gables Real Estate

Listing Agent's Description

This home checks off all the boxes, it’s located at the quiet end of a cul-de-sac in the middle of a highly desirable neighborhood. The yard is designed with entertaining in mind; a patio off the kitchen for dining, a large grassy area for kids or dogs, a fenced area with the pool and spa AND an RV area off to the side. Inside you will find a spacious living room with a vaulted ceiling and a view to the yard. The kitchen/dining area has been remodeled with wood counters, stainless appliances and white shaker cabinets and there is a sliding glass door for access to the delightful covered patio. Are you working remotely? Do you need a quiet place to study? Take your choice...upstairs, downstairs or both…with six bedrooms this home is very versatile. There is plenty of room for a home office or home classroom or both. This floor plan is also perfect for multi-generation families. Three of the bedrooms and a remodeled bathroom are upstairs and the master bedroom and two other bedrooms (one currently used as a home office) and two remodeled bathrooms are downstairs. Huntington Beach defines coastal living, sunny days and cool breezes. The beach is just minutes away, Huntington Central Park and Library is around the corner and the dog park is just down the street. Take a Duffy ride in Huntington Harbour or visit the HB Pier...maybe watch a world class surfing tournament. Dine and shop at Pacific City over looking the Pacific Ocean.THIS is Huntington Beach and it's a good life!

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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
Golden View Elementary School Primary Regular 485 19 4
Mesa View Middle School Middle Magnet 806 34 9
Ocean View High School High Magnet 1,549 58 5

Golden View Elementary School

  • Education Level: Primary
  • # of students: 485
  • # of teachers: 19
4
GreatSchools Rating

Mesa View Middle School

  • Education Level: Middle
  • # of students: 806
  • # of teachers: 34
9
GreatSchools Rating

Ocean View High School

  • Education Level: High
  • # of students: 1,549
  • # of teachers: 58
5
GreatSchools Rating
 

$944,100$1,153,900$1,049,000

PURCHASE PRICE

$3,366$4,114$3,740

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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,740
EXPENSES Loan Payment -$3,870
Property Tax -$1,039
Property Insurance -$82
Property Management Fees -$183
CASH FLOW
-$1,435

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.

$1,049,000

PROJECTED PRICE

$3,740

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$283,735

INVESTMENT

$283,735

Down Payment
$262,250
Rehab Estimate
$5,750
Closing Costs
$15,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,870

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $262,250
Loan Amount $786,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$738

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,740

    LIST RENT
  • $1.64

    LIST RENT PER SQFT
  • $3,948

    COMP ESTIMATED VALUE
  • $1.73

    COMP AVG. RENT PER SQFT
Comps Range
$3,740
1$3,7402$3,8003$4,0004$4,0005$4,185
$4,185
RENT COMPS ANALYSIS
  • 17221 Blue Fox Circle Huntington Beach, 1
    • 5 beds 3 baths ∙ 2,279 Sqft ∙ Built 1971 5 beds 3 baths ∙ 2,279 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $3,740
    • $1.64
    •  
  • 17321 Coronado Lane Huntington Beach, 2
    • 5 beds 3 baths ∙ 2,276 Sqft ∙ Built 1965 5 beds 3 baths ∙ 2,276 Sqft ∙ Built 1965
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.67
    •  
  • 6572 Dohrn Circle Huntington Beach, 3
    • 5 beds 2 baths ∙ 2,300 Sqft ∙ Built 1970 5 beds 2 baths ∙ 2,300 Sqft ∙ Built 1970
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.74
    •  
  • 17371 Whetmore Lane Huntington Beach, 4
    • 4 beds 3 baths ∙ 2,209 Sqft ∙ Built 1970 4 beds 3 baths ∙ 2,209 Sqft ∙ Built 1970
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.81
    •  
  • 16412 Woodstock Lane Huntington Beach, 5
    • 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 1965
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,185
    • $1.71
    •  
PROPERTY LISTING DETAILS
Craig Poturalski
Seven Gables Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20169603
Last Updated: 08/24/2020
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