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6041 Doyle Huntington Beach, CA 92647

5 Beds 2 Baths 2,104 sqft Built 1964

$1,075,000

List Price

$3,800

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $510.93
  • 4 Days on Market
  • MLS # : OC20247218
  • Updated Date : 11/28/2020 at 10:40
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,104 sqft
  • Baths : 2 full
Listing Agent

Huntington Beach, Realtors

Listing Agent's Description

BEAUTIFUL 5 BR.2 BATH TURN KEY PRESTIAGE HOME, THIS IMPECCABLY RENOVATED HOME LOCATED IN THE HIGHTLY RATED SPRING VIEW MIDDLE SCHOOL TRACT INCLUDES A LARGE YARD,AND SPARKLING POOLAND SPA.THIS HOME BOAST THOUGHTFUL AND TOP OF THE LINE UPGRADES ,INCLUDINGING A NEW ROOF!ENGINEERED HARDWOOD FLOORS THROUGHOUT HOME INCLUDING ALL 5 BEDROOMS .THE AIRY AND BRIGHT KITCHEN BOAST BEAUTIFUL WHITE CABINETRY AND CONTRASTING BLACK COUNTER TOPS.NEW KITCHEN APPLIANCE SUITE INCLUDED !PLENTY OF CABINET STORAGE AND COUNTER SPACE FOR BIG FAMILY GATHERINGS !THE LUXURIOUS MAIN FLOOR MASTER BEDROOM HAS A GORGEOUS WOOD BURNING FIREPLACE AND A SPACIOUS CUSTOM WALK IN CLOSET.STEP OUSIDE FROM MASTER BEDROOM THROUGH A SLIDING SLIDING PATIO DOOR TO ENJOY THE POOL OASIS AND MORNING COFFEE.BOTH BATHROOMS ARE EXQUISITELY REMODELED ,PLANTATION SCHUTTERS THROUGHOUT THE HOUSE.LIVING RM.HAS MOTORIZED TOP OF THE LINE ROMAN SHADES. SPACIOUS LIVING RM.NEW RONOVATED FIREPLACE ALL RENOVATED WERE COMPLED IN THE LAST YEAR CUSTOM GARAGE CABINETS AND WORK BENCH , NEW SHED FOR EXTRA STORAGE NEW CEILING FANS THROUGHOUT HOME CLOSE TO CARR PARK AND QUICK BIKE RIDE TO BEACH EASY ACCESS TO 22 OR 405 TO MANY MORE OTHER QUALITIES THANK YOU

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$967,500$1,182,500$1,075,000

PURCHASE PRICE

$3,420$4,180$3,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,800
EXPENSES Loan Payment -$3,966
Property Tax -$1,065
Property Insurance -$78
Property Management Fees -$186
CASH FLOW
-$1,495

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.

$1,075,000

PROJECTED PRICE

$3,800

PROJECTED RENT

0.35%

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$15k

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$290,625

INVESTMENT

$290,625

Down Payment
$268,750
Rehab Estimate
$5,750
Closing Costs
$16,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,966

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $268,750
Loan Amount $806,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$634

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,800

    LIST RENT
  • $1.81

    LIST RENT PER SQFT
  • $4,071

    COMP ESTIMATED VALUE
  • $1.94

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$3,8003$3,9004$3,9005$4,000
$4,000
RENT COMPS ANALYSIS
  • 6041 Doyle Huntington Beach, CA 2
    • 5 beds 2 baths ∙ 2,104 Sqft ∙ Built 1964 5 beds 2 baths ∙ 2,104 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.81
    •  
  • 6162 Montecito Drive Huntington Beach, CA 1
    • 4 beds 4 baths ∙ 2,193 Sqft ∙ Built 1965 4 beds 4 baths ∙ 2,193 Sqft ∙ Built 1965
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.73
    •  
  • 17352 Almelo Lane Huntington Beach, CA 3
    • 4 beds 4 baths ∙ 2,030 Sqft ∙ Built 1965 4 beds 4 baths ∙ 2,030 Sqft ∙ Built 1965
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.92
    •  
  • 16691 Marie Lane Huntington Beach, CA 4
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 1963
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.99
    •  
  • 16262 Bradbury Lane Huntington Beach, CA 5
    • 5 beds 2 baths ∙ 1,905 Sqft ∙ Built 1964 5 beds 2 baths ∙ 1,905 Sqft ∙ Built 1964
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.10
    •  
PROPERTY LISTING DETAILS
Julian Castro
Huntington Beach, Realtors
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20247218
Last Updated: 11/28/2020
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