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5191 Sisson Drive Huntington Beach, CA 92649

4 Beds 2 Baths 1,720 sqft Built 1960

$899,000

List Price

$3,610

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $522.67
  • 4 Days on Market
  • MLS # : OC20241618
  • Updated Date : 12/04/2020 at 16:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,720 sqft
  • Baths : 2 full
Listing Agent

Bullock Russell Re Services

Listing Agent's Description

Prime location single-level home on a large corner lot! Conveniently located in the safe and quiet neighborhood of Huntington Village. This beach-close home has it all and is ready for its new owner! This mid-century house has a fully remodeled kitchen with beautiful cherry cabinets and granite countertops. The layout is effortlessly functional with the living room opening up to the dining area and flowing into a classic river rock-framed fireplace in the corner. The inviting backyard is perfect for entertainers as you can enjoy the large pool & jacuzzi and still have plenty of space for outdoor dining & lounging. All four bedrooms are equipped with ceiling fans with remote controls. The master bedroom is complete including a remodeled en suite bathroom with a large walk-in shower. The garage has built-in storage and an upgraded roll-up door that is so quiet, you can hardly hear it! Next to award winning schools and beaches, plus just a short distance to the freeways!

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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: Bolsa Chica-Heil

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800kPrice in $227k831k

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

Neighborhood: Bolsa Chica-Heil

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21800200022002400260028003000320034003600Rent in $16353620

* 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
Village View Elementary School Primary Regular 555 23 8
Marine View Middle School Middle Regular 813 33 7
Marina High School High Regular 2,438 93 9

Village View Elementary School

  • Education Level: Primary
  • # of students: 555
  • # of teachers: 23
8
GreatSchools Rating

Marine View Middle School

  • Education Level: Middle
  • # of students: 813
  • # of teachers: 33
7
GreatSchools Rating

Marina High School

  • Education Level: High
  • # of students: 2,438
  • # of teachers: 93
9
GreatSchools Rating
 

$809,100$988,900$899,000

PURCHASE PRICE

$3,249$3,971$3,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,610
EXPENSES Loan Payment -$3,317
Property Tax -$890
Property Insurance -$69
Property Management Fees -$177
CASH FLOW
-$843

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.

$899,000

PROJECTED PRICE

$3,610

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 4.6%
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$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,317

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$10,189

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,610

    LIST RENT
  • $2.1

    LIST RENT PER SQFT
  • $3,965

    COMP ESTIMATED VALUE
  • $2.3

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$3,6103$3,6954$3,7955$4,000
$4,000
RENT COMPS ANALYSIS
  • 5191 Sisson Drive Huntington Beach, CA 2
    • 4 beds 2 baths ∙ 1,720 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,720 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $3,610
    • $2.10
    •  
  • 5092 Flamingo Circle Huntington Beach, CA 1
    • 4 beds 2 baths ∙ 1,568 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,568 Sqft ∙ Built 1961
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.30
    •  
  • 4811 Kaui Drive Huntington Beach, CA 3
    • 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 1963
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,695
    • $2.30
    •  
  • 16191 Waikiki Lane Huntington Beach, CA 4
    • 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1963
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,795
    • $2.24
    •  
  • 5131 Sisson Drive Huntington Beach, CA 5
    • 4 beds 2 baths ∙ 1,678 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,678 Sqft ∙ Built 1959
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.38
    •  
PROPERTY LISTING DETAILS
Gaetano Logrande
Bullock Russell Re Services
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20241618
Last Updated: 12/04/2020
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