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5196 Acorn Drive Huntington Beach, CA 92649

3 Beds 3 Baths 1,726 sqft Built 2001

$1,053,800

List Price

$3,610

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $610.54
  • 2 Days on Market
  • MLS # : LG21047438
  • Updated Date : 03/06/2021 at 18:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,726 sqft
  • Baths : 2 full , 1 half
Listing Agent

Active Realty Inc

Listing Agent's Description

Gorgeous 3 bedroom, 2.5 bathroom, 2 story home in the community of Summerlane in Huntington Beach! An entertainer’s dream home, enjoy high ceilings, elegant tile flooring, an inviting fireplace, and an open, gourmet kitchen. The kitchen offers granite countertops, stainless steel appliances, and a large center island. The family room features a wet bar, built-in cabinetry, and sliding doors to the outdoor patio, fire pit, custom built-in barbecue, and saltwater spa. The upstairs bedrooms feature hardwood flooring, a walk-in closet in the primary bedroom, a soaking tub in the primary bathroom, and a walk-in shower. Additional property features include crown molding, beamed ceilings, and a 2 car garage. Community amenities include the swimming pool, spa, clubhouse, and walking paths. Convenient to nearby beaches, restaurants, and freeways!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
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
 

$948,420$1,159,180$1,053,800

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 -$3,660
Property Tax -$1,044
Property Insurance -$69
HOA -$120
Property Management Fees -$177
CASH FLOW
-$1,460

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.

$1,053,800

PROJECTED PRICE

$3,610

PROJECTED RENT

0.34%

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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$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$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$285,007

INVESTMENT

$285,007

Down Payment
$263,450
Rehab Estimate
$5,750
Closing Costs
$15,807

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,660

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $263,450
Loan Amount $790,350
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$203

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
  • $2.09

    LIST RENT PER SQFT
  • $3,888

    COMP ESTIMATED VALUE
  • $2.25

    COMP AVG. RENT PER SQFT
Comps Range
$3,610
1$3,6102$3,8003$4,0004$4,1505$4,300
$4,300
RENT COMPS ANALYSIS
  • 5196 Acorn Drive Huntington Beach, CA 1
    • 3 beds 3 baths ∙ 1,726 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,726 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $3,610
    • $2.09
    •  
  • 16856 Harvest Lane Huntington Beach, CA 2
    • 3 beds 3 baths ∙ 1,641 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,641 Sqft ∙ Built 2001
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.32
    •  
  • 4696 Wellfleet Drive Huntington Beach, CA 3
    • 3 beds 3 baths ∙ 1,797 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,797 Sqft ∙ Built 2010
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.23
    •  
  • 16845 Primrose Lane Huntington Beach, CA 4
    • 4 beds 3 baths ∙ 2,003 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,003 Sqft ∙ Built 2001
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,150
    • $2.07
    •  
  • 4621 Wellfleet Drive Huntington Beach, CA 5
    • 3 beds 3 baths ∙ 1,797 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,797 Sqft ∙ Built 2011
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $2.39
    •  
PROPERTY LISTING DETAILS
Justin Tye
Active Realty Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: LG21047438
Last Updated: 03/06/2021
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