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5921 Donlyn Drive Huntington Beach, CA 92649

3 Beds 2 Baths 1,644 sqft Built 1965

$998,500

List Price

$3,250

$3K - $3.5K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $607.36
  • 3 Days on Market
  • MLS # : OC21021382
  • Updated Date : 02/05/2021 at 18:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,644 sqft
  • Baths : 2 full
Listing Agent

Ocean Breeze Properties

Listing Agent's Description

Rarely on the market - Once in a while you find a home that had tender loving care. You know it the minute you walk in; this is one of them. A few steps away from Meadowlark Golf Course in a fabulously cared for neighborhood. Large living room with marble fireplace, spacious dining off kitchen, enlarged bedroom 20 x 13 with fireplace, center atrium that brightens the whole house, newer kitchen appliances. Lovely back yard with covered patio, meticulous garage with built-in cabinets, work space. Conveniently located to great schools, shopping, churches, parks and transportation. “New 50-year roof installed in 2019.” • Italian porcelain tile in all but the bedrooms. • Wood floors in bedrooms. • Remotely activated skylight installed in front guest bedroom with auto sensors to close if senses water or animals. • Remodeled kitchen with granite counter tops and natural stone backsplash along with hi-quality stainless sink and faucet. • California Deluxe vinyl double-paned windows • Upgraded inside doors and baseboards • Room expansion and fireplace in master bedroom. • Induction range top • Convection oven, microwave, and dishwasher. • Recently upgraded front yard; retaining wall and landscaped garden area • Brinks alarms system to central station. • Garage with cabinets and office. • Garage floor epoxy coated. • Tuff Shed storage shed.

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
Circle View Elementary School Primary Magnet 711 25 10
Spring View Middle School Middle Regular 798 32 7
Marina High School High Regular 2,438 93 9

Circle View Elementary School

  • Education Level: Primary
  • # of students: 711
  • # of teachers: 25
10
GreatSchools Rating

Spring View Middle School

  • Education Level: Middle
  • # of students: 798
  • # of teachers: 32
7
GreatSchools Rating

Marina High School

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

$898,650$1,098,350$998,500

PURCHASE PRICE

$2,925$3,575$3,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,250
EXPENSES Loan Payment -$3,468
Property Tax -$989
Property Insurance -$67
Property Management Fees -$159
CASH FLOW
-$1,433

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.

$998,500

PROJECTED PRICE

$3,250

PROJECTED RENT

0.33%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,353

INVESTMENT

$270,353

Down Payment
$249,625
Rehab Estimate
$5,750
Closing Costs
$14,978

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,468

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $249,625
Loan Amount $748,875
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$143

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,250

    LIST RENT
  • $1.98

    LIST RENT PER SQFT
  • $3,370

    COMP ESTIMATED VALUE
  • $2.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,995
1$2,9952$2,9953$3,2504$3,2505$3,795
$3,795
RENT COMPS ANALYSIS
  • 5921 Donlyn Drive Huntington Beach, CA 4
    • 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.98
    •  
  • 5981 Midiron Circle Huntington Beach, CA 1
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1973
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $2.00
    •  
  • 17202 Treehaven Lane Huntington Beach, CA 2
    • 4 beds 2 baths ∙ 1,449 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,449 Sqft ∙ Built 1965
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $2.07
    •  
  • 16301 Fairway Lane Huntington Beach, CA 3
    • 4 beds 3 baths ∙ 1,654 Sqft ∙ Built 1962 4 beds 3 baths ∙ 1,654 Sqft ∙ Built 1962
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.96
    •  
  • 5831 Trophy Drive Huntington Beach, CA 5
    • 3 beds 3 baths ∙ 1,746 Sqft ∙ Built 1963 3 beds 3 baths ∙ 1,746 Sqft ∙ Built 1963
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,795
    • $2.17
    •  
PROPERTY LISTING DETAILS
Barry Kuhnke
Ocean Breeze Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21021382
Last Updated: 02/05/2021
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