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18793 Sinclair Lane 
Huntington Beach, CA
92648
3 Beds 3 Baths 2,457 sqft
Built 2004
INVESTimate
$1,049,900
List Price
$283,974
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PROPERTY INFO
FACTS
- Built In 2004
- Price/Sqft : $427.31
- 2 Days on Market
- MLS # : OC20171513
- Updated Date : 08/25/2020 at 15:55
CONSTRUCTION
- Beds : 3
- Floor Size : 2,457 sqft
- Baths : 2 full , 1 half
Listing Agent
The Group Realty, Inc.
Listing Agent's Description
Beautiful and beach inspired finishes in this gorgeous Bel Air home located near the heart of downtown Huntington Beach! This home is turnkey and comes with gorgeous new bamboo floors and baseboards, a remodeled kitchen, built-ins in all bedroom closets, recessed lighting, new water heater and a spacious 3rd floor loft with incredible views! The backyard is an entertainer's delight! It comes complete with a waterfall spa, built in BBQ and a cozy gas firepit and seating area! The first floor features an open concept floor plan with a gas fireplace and detailed mantle in the living room, a lovely kitchen with stainless steel appliances, double oven, granite countertops and a large island with breakfast bar that opens to the family room. There are three bedrooms on the second floor including a large master suite with an en-suite master bath that comes with separate shower & jacuzzi tub. One of the two large secondary bedrooms includes a charming balcony overlooking the greenbelt perfect to relax with a glass of wine. The upstairs laundry room has a sink and built in cabinets. The gated Bel Air community includes a large pool, spa & BBQ area. All of this close to the beach, downtown HB shops, Pacific City and excellent Huntington Beach schools!
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Huntington Beach
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,500 |
| EXPENSES | Loan Payment | -$3,874 |
| Property Tax | -$1,058 | |
| Property Insurance | -$86 | |
| HOA | -$263 | |
| Property Management Fees | -$221 | |
|
CASH FLOW
-$1,001
|
||
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.
$1,049,900
PROJECTED PRICE
$4,500
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| 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
INVESTMENT
$283,974
LOAN DETAILS
$3,874
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $262,475 |
| Loan Amount | $787,425 |
1.5
YEARS SAVED
$10,049
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,500
LIST RENT -
$1.83
LIST RENT PER SQFT
-
$4,545
COMP ESTIMATED VALUE -
$1.85
COMP AVG. RENT PER SQFT
Comps Range
-
18793 Sinclair Lane Huntington Beach, 3
- 3 beds 3 baths ∙ 2,457 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,457 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $4,500
- $1.83
-
18722 Stratton Lane Huntington Beach, 1
- 4 beds 3 baths ∙ 2,280 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,280 Sqft ∙ Built 1997
LEASED 01/24/20- Rent
- Rent Per SQFT
- $4,150
- $1.82
-
7258 Ainsley Drive Huntington Beach, 2
- 3 beds 4 baths ∙ 2,649 Sqft ∙ Built 2004 3 beds 4 baths ∙ 2,649 Sqft ∙ Built 2004
LEASED 02/04/20- Rent
- Rent Per SQFT
- $4,500
- $1.70
-
18637 Ambrose Lane Huntington Beach, 4
- 4 beds 3 baths ∙ 2,381 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,381 Sqft ∙ Built 1998
LEASED 08/25/20- Rent
- Rent Per SQFT
- $4,600
- $1.93
-
18745 Sinclair Lane Huntington Beach, 5
- 4 beds 4 baths ∙ 2,457 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,457 Sqft ∙ Built 2005
LEASED 08/13/20- Rent
- Rent Per SQFT
- $4,800
- $1.95
PROPERTY LISTING DETAILS
The Group Realty, Inc.
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC20171513
Last Updated: 08/25/2020
