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20905 Sailmaker Circle Huntington Beach, CA 92648

3 Beds 3 Baths 1,525 sqft Built 1983

$875,000

List Price

$3,500

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $573.77
  • 4 Days on Market
  • MLS # : OC21020904
  • Updated Date : 02/04/2021 at 14:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,525 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Perfectly situated on a quaint cul-de-sac within the wonderful community of La Cuesta By The Sea. Upon entry to this 3 bedroom / 2.5 bath attached single family home you are greeted with vaulted ceilings and tons of natural light. The kitchen features a large breakfast bar that opens to the dining area and features a newer stainless steel microwave and dishwasher. Features of the home include newer vinyl replacement dual pane windows, fireplaces in both the living room and master bedroom, direct garage access as well as a finished attic space that could be used for a work space or a plethora of storage. The private oversized back patio offers views of the greenbelt and has been nicely remodeled with stone pavers and a covered pergola. This home is located within close proximity to the beach, Pacific City, Main Street as well as plenty of additional shopping and dining.

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
John R. Peterson Elementary School Primary Regular 652 22 8
Ethel Dwyer Middle School Middle Regular 1,243 43 8
Huntington Beach Adult School High Magnet 2,939 103 9

John R. Peterson Elementary School

  • Education Level: Primary
  • # of students: 652
  • # of teachers: 22
8
GreatSchools Rating

Ethel Dwyer Middle School

  • Education Level: Middle
  • # of students: 1,243
  • # of teachers: 43
8
GreatSchools Rating

Huntington Beach Adult School

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

$787,500$962,500$875,000

PURCHASE PRICE

$3,150$3,850$3,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,500
EXPENSES Loan Payment -$3,039
Property Tax -$865
Property Insurance -$64
HOA -$410
Property Management Fees -$172
CASH FLOW
-$1,049

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.

$875,000

PROJECTED PRICE

$3,500

PROJECTED RENT

0.40%

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

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$237,625

INVESTMENT

$237,625

Down Payment
$218,750
Rehab Estimate
$5,750
Closing Costs
$13,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $218,750
Loan Amount $656,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$786

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,500

    LIST RENT
  • $2.3

    LIST RENT PER SQFT
  • $3,572

    COMP ESTIMATED VALUE
  • $2.34

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,4003$3,5004$3,5955$3,800
$3,800
RENT COMPS ANALYSIS
  • 20905 Sailmaker Circle Huntington Beach, CA 3
    • 3 beds 3 baths ∙ 1,525 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,525 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.30
    •  
  • 1720 Delaware Street Huntington Beach, CA 1
    • 3 beds 2 baths ∙ 1,349 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,349 Sqft ∙ Built 1973
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.22
    •  
  • 7776 Seabreeze Drive Huntington Beach, CA 2
    • 3 beds 3 baths ∙ 1,480 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,480 Sqft ∙ Built 1980
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.30
    •  
  • 1320 Lakeside Lane Huntington Beach, CA 4
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1979
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,595
    • $2.37
    •  
  • 20041 Waterford Lane Huntington Beach, CA 5
    • 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1983
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.48
    •  
PROPERTY LISTING DETAILS
Jeb Smith
Coldwell Banker Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21020904
Last Updated: 02/04/2021
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