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

20051 Harbor Isle Lane Huntington Beach, CA 92646

4 Beds 2 Baths 1,363 sqft Built 1963

$869,000

List Price

$3,130

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $637.56
  • 2 Days on Market
  • MLS # : OC21052490
  • Updated Date : 03/13/2021 at 12:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,363 sqft
  • Baths : 2 full
Listing Agent

Realty One Group West

Listing Agent's Description

Located in a great area of Huntington Beach, this well cared for home is looking for a new owner that appreciates the fabulous community, neighborhood and endless possibilities. The kitchen has been tastefully updated and is adjacent to a family living area which leads out to the backyard. There is also a loft area and an additional game room to provides more living space.

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: Southeast Huntington Beach

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $272k922k

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

Neighborhood: Southeast Huntington Beach

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $19243821

* 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
S. A. Moffett Elementary School Primary Regular 573 21 10
Isaac L. Sowers Middle School Middle Regular 1,205 38 9
Edison High School High Regular 2,560 107 9

S. A. Moffett Elementary School

  • Education Level: Primary
  • # of students: 573
  • # of teachers: 21
10
GreatSchools Rating

Isaac L. Sowers Middle School

  • Education Level: Middle
  • # of students: 1,205
  • # of teachers: 38
9
GreatSchools Rating

Edison High School

  • Education Level: High
  • # of students: 2,560
  • # of teachers: 107
9
GreatSchools Rating
 

$782,100$955,900$869,000

PURCHASE PRICE

$2,817$3,443$3,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,130
EXPENSES Loan Payment -$3,018
Property Tax -$876
Property Insurance -$60
Property Management Fees -$153
CASH FLOW
-$977

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$869,000

PROJECTED PRICE

$3,130

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
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

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$236,035

INVESTMENT

$236,035

Down Payment
$217,250
Rehab Estimate
$5,750
Closing Costs
$13,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,018

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $217,250
Loan Amount $651,750
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,462

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,130

    LIST RENT
  • $2.3

    LIST RENT PER SQFT
  • $3,094

    COMP ESTIMATED VALUE
  • $2.27

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$3,1303$3,4004$3,5005$3,650
$3,650
RENT COMPS ANALYSIS
  • 20051 Harbor Isle Lane Huntington Beach, CA 2
    • 4 beds 2 baths ∙ 1,363 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,363 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $3,130
    • $2.30
    •  
  • 20385 Fee Lane Huntington Beach, CA 1
    • 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 1971
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.11
    •  
  • 9091 Warfield Drive Huntington Beach, CA 3
    • 4 beds 2 baths ∙ 1,486 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,486 Sqft ∙ Built 1969
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.29
    •  
  • 20491 Whitetree Circle Huntington Beach, CA 4
    • 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1972
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.34
    •  
  • 20381 Bluffwater Circle Huntington Beach, CA 5
    • 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 1970
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $2.34
    •  
PROPERTY LISTING DETAILS
Diane Tine
Realty One Group West
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21052490
Last Updated: 03/13/2021
BESbswy