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19292 Jerrilyn Lane Huntington Beach, CA 92646

4 Beds 2 Baths 1,900 sqft Built 1963

$975,000

List Price

$3,750

$3.5K - $4K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $513.16
  • 3 Days on Market
  • MLS # : NP21022723
  • Updated Date : 02/13/2021 at 13:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,900 sqft
  • Baths : 2 full
Listing Agent

Surterre Properties Inc.

Listing Agent's Description

GREAT PROPERTY!- This expanded home is situated in a fantastic, quiet, interior location. The home offers four bedrooms, two bathrooms: The master has an attached bath and a huge expanded walk-in closet, an updated kitchen with granite counters, maple cabinets, crown molding, as well as a completely added-on family room off of the kitchen that opens and brings all of the outdoor air and light in from the the backyard, dining area attached to the kitchen, and living room with wood burning fireplace with gas ignition. Could be easily converted to all gas. This home has outstanding outdoor space. Put a white picket fence around the front yard, or enjoy the already very private backyard. Great neighbors all around, both next door and across the street. Light, bright, freshly painted and staged! Turnkey and ready for you to move in. – All furnishings are available for purchase.

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: 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
Isojiro Oka Elementary School Primary Regular 447 18 9
Samuel E. Talbert Middle School Middle Regular 722 29 9
Huntington Beach Adult School High Magnet 2,939 103 9

Isojiro Oka Elementary School

  • Education Level: Primary
  • # of students: 447
  • # of teachers: 18
9
GreatSchools Rating

Samuel E. Talbert Middle School

  • Education Level: Middle
  • # of students: 722
  • # of teachers: 29
9
GreatSchools Rating

Huntington Beach Adult School

  • Education Level: High
  • # of students: 2,939
  • # of teachers: 103
9
GreatSchools Rating
 

$877,500$1,072,500$975,000

PURCHASE PRICE

$3,375$4,125$3,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,750
EXPENSES Loan Payment -$3,387
Property Tax -$989
Property Insurance -$73
Property Management Fees -$184
CASH FLOW
-$882

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.

$975,000

PROJECTED PRICE

$3,750

PROJECTED RENT

0.38%

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

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$264,125

INVESTMENT

$264,125

Down Payment
$243,750
Rehab Estimate
$5,750
Closing Costs
$14,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,387

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $243,750
Loan Amount $731,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$7,989

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,750

    LIST RENT
  • $1.97

    LIST RENT PER SQFT
  • $3,810

    COMP ESTIMATED VALUE
  • $2.01

    COMP AVG. RENT PER SQFT
Comps Range
$3,550
1$3,5502$3,5953$3,7504$3,9005$4,000
$4,000
RENT COMPS ANALYSIS
  • 19292 Jerrilyn Lane Huntington Beach, CA 3
    • 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.97
    •  
  • 8938 Yuba River Avenue Fountain Valley, CA 1
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1970
    property image
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.97
    •  
  • 18945 Santa Catherine Street Fountain Valley, CA 2
    • 4 beds 3 baths ∙ 1,708 Sqft ∙ Built 1966 4 beds 3 baths ∙ 1,708 Sqft ∙ Built 1966
    property image
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,595
    • $2.10
    •  
  • 10192 Cutty Sark Drive Huntington Beach, CA 4
    • 5 beds 2 baths ∙ 1,982 Sqft ∙ Built 1964 5 beds 2 baths ∙ 1,982 Sqft ∙ Built 1964
    property image
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.97
    •  
  • 18893 Santa Isadora Street Fountain Valley, CA 5
    • 3 beds 2 baths ∙ 2,016 Sqft ∙ Built 1975 3 beds 2 baths ∙ 2,016 Sqft ∙ Built 1975
    property image
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.98
    •  
PROPERTY LISTING DETAILS
Chris Moreno
Surterre Properties Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: NP21022723
Last Updated: 02/13/2021
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