Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

17422 Jefferson Lane Huntington Beach, CA 92647

3 Beds 2 Baths 1,620 sqft Built 1963

$739,900

List Price

$3,370

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $456.73
  • 14 Days on Market
  • MLS # : OC21020994
  • Updated Date : 02/13/2021 at 18:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,620 sqft
  • Baths : 2 full
Listing Agent

Re/max Terrasol

Listing Agent's Description

Fantastic opportunity to mae it your own with this home with some cosmetic repairs. Great neighborhood and overlooks the school and park behind the home. Newer Roof and Heater, expanded floorplan to over 1600 sq ft. Three bedrooms with two full bathrooms. Front Bonus Room, middle family room, and open kitchen over den and a two car attached garage. The back yard has a giant mature Avacado tree and a full length covered patio.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Newland

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800kPrice in $212k831k

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

Neighborhood: Newland

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q216001800200022002400260028003000320034003600Rent in $15813620

* 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
Lake View Elementary School Primary Regular 312 14 6
Vista View Middle School Middle Regular 698 30 7
Ocean View High School High Magnet 1,549 58 5

Lake View Elementary School

  • Education Level: Primary
  • # of students: 312
  • # of teachers: 14
6
GreatSchools Rating

Vista View Middle School

  • Education Level: Middle
  • # of students: 698
  • # of teachers: 30
7
GreatSchools Rating

Ocean View High School

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

$665,910$813,890$739,900

PURCHASE PRICE

$3,033$3,707$3,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,370
EXPENSES Loan Payment -$2,570
Property Tax -$747
Property Insurance -$66
Property Management Fees -$165
CASH FLOW
-$178

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$739,900

PROJECTED PRICE

$3,370

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 4.35%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$201,824

INVESTMENT

$201,824

Down Payment
$184,975
Rehab Estimate
$5,750
Closing Costs
$11,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,570

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $184,975
Loan Amount $554,925
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$41,205

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,370

    LIST RENT
  • $2.08

    LIST RENT PER SQFT
  • $3,398

    COMP ESTIMATED VALUE
  • $2.1

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,0953$3,1004$3,3705$3,500
$3,500
RENT COMPS ANALYSIS
  • 17422 Jefferson Lane Huntington Beach, CA 4
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $3,370
    • $2.08
    •  
  • 17633 Santa Paula Street Fountain Valley, CA 1
    • 4 beds 2 baths ∙ 1,442 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,442 Sqft ∙ Built 1964
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.08
    •  
  • 16951 Ross Lane Huntington Beach, CA 2
    • 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1960
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,095
    • $2.09
    •  
  • 16962 Westwood Lane Huntington Beach, CA 3
    • 3 beds 3 baths ∙ 1,550 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,550 Sqft ∙ Built 1980
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.00
    •  
  • 8041 Sterling Drive Huntington Beach, CA 5
    • 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1956
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.22
    •  
PROPERTY LISTING DETAILS
Michael Rains
Re/max Terrasol
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21020994
Last Updated: 02/13/2021
BESbswy