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6102 Kelsey Circle Huntington Beach, CA 92647

4 Beds 1 Baths 1,437 sqft Built 1965

$849,900

List Price

$3,380

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $591.44
  • 4 Days on Market
  • MLS # : PW21033853
  • Updated Date : 02/19/2021 at 09:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,437 sqft
  • Baths : 1 full
Listing Agent

Realty One Group West

Listing Agent's Description

Excellent Huntington Beach location on a cul-de-sac and move in ready! Upon entry of the home you notice the very open living space. Living room with recessed lighting, plantation shutters and wood burning fireplace. Dining room located off of the kitchen with slider to backyard. Upgraded kitchen with granite counters and stainless steel appliances (fridge, oven, stove, dishwasher and double sink). Inside laundry room with door to backyard. Master bedroom with adjoining 3/4 bath and his & her closets. New interior and exterior paint. Dual pane windows and tile flooring throughout. Crown molding in various rooms. Upgraded raised panel doors. Private backyard on a large corner lot. 2 car attached garage. Park across the street for the kids. Easy stroll to Helen Stacey Middle School and Westminster Mall. Do not miss out on this one!

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
Clegg Elementary School Primary Regular 558 23 8
Helen Stacey Middle School Middle Regular 907 39 8
Marina High School High Regular 2,438 93 9

Clegg Elementary School

  • Education Level: Primary
  • # of students: 558
  • # of teachers: 23
8
GreatSchools Rating

Helen Stacey Middle School

  • Education Level: Middle
  • # of students: 907
  • # of teachers: 39
8
GreatSchools Rating

Marina High School

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

$764,910$934,890$849,900

PURCHASE PRICE

$3,042$3,718$3,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,380
EXPENSES Loan Payment -$2,952
Property Tax -$876
Property Insurance -$62
Property Management Fees -$166
CASH FLOW
-$675

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.

$849,900

PROJECTED PRICE

$3,380

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$230,974

INVESTMENT

$230,974

Down Payment
$212,475
Rehab Estimate
$5,750
Closing Costs
$12,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,475
Loan Amount $637,425
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$10,600

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,380

    LIST RENT
  • $2.35

    LIST RENT PER SQFT
  • $3,409

    COMP ESTIMATED VALUE
  • $2.37

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2503$3,3004$3,3805$4,000
$4,000
RENT COMPS ANALYSIS
  • 6102 Kelsey Circle Huntington Beach, CA 4
    • 4 beds 1 baths ∙ 1,437 Sqft ∙ Built 1965 4 beds 1 baths ∙ 1,437 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $3,380
    • $2.35
    •  
  • 6072 Briarcliff Drive Huntington Beach, CA 1
    • 4 beds 2 baths ∙ 1,330 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,330 Sqft ∙ Built 1965
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.41
    •  
  • 14912 Sunnycrest Lane Huntington Beach, CA 2
    • 4 beds 2 baths ∙ 1,318 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,318 Sqft ∙ Built 1963
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.47
    •  
  • 6011 Thor Drive Huntington Beach, CA 3
    • 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 1967
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.13
    •  
  • 14952 Trojan Circle Huntington Beach, CA 5
    • 4 beds 2 baths ∙ 1,614 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,614 Sqft ∙ Built 1963
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.48
    •  
PROPERTY LISTING DETAILS
Don De Grote
Realty One Group West
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21033853
Last Updated: 02/19/2021
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