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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $515.01
- 2 Days on Market
- MLS # : OC21047130
- Updated Date : 03/06/2021 at 13:56
CONSTRUCTION
- Beds : 3
- Floor Size : 1,932 sqft
- Baths : 2 full , 1 half
Listing Agent
Compass
Listing Agent's Description
Newly Remodeled Home in Huntington Village Estates! This Flawless Home is nestled in an interior tract location with distinguished curb appeal. The New Landscaping includes high quality turf, sprinkler system and low voltage lighting that make for beautiful Low Maintenance Outdoor Living in the Private Yard. The Interior boasts Wood Floors, New paint, Expanded Remodeled Kitchen with Stainless Steel Appliances. All new LED Lighting throughout the home to showcase the High End Finishes. The Bathrooms feature Dual Sinks with Designer Tile, high end Toto Toilets and stand alone tub in master bath. The Upstairs Loft is perfect for an Office Space or Guest Area. This is truly like a brand new home including: all newer Dual Pane Vinyl Windows, interior Raised Panel Doors, New Water Heater w/ re-circulator, Whole House Fan, all new outlets and dimmer light switches. The Finished Garage offers Extra Storage Space with pull down ladder access to huge attic, built-in cabinets and storage racks for the ultimate organization. This Designer Home is meticulous with complete attention to detail. Very Impressive, Must See!
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Huntington Beach
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,480 |
| EXPENSES | Loan Payment | -$3,456 |
| Property Tax | -$1,005 | |
| Property Insurance | -$74 | |
| HOA | -$180 | |
| Property Management Fees | -$171 | |
|
CASH FLOW
-$1,405
|
||
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.
$995,000
PROJECTED PRICE
$3,480
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$269,425
LOAN DETAILS
$3,456
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $248,750 |
| Loan Amount | $746,250 |
0.17
YEARS SAVED
$152
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,480
LIST RENT -
$1.8
LIST RENT PER SQFT
-
$3,700
COMP ESTIMATED VALUE -
$1.92
COMP AVG. RENT PER SQFT
Comps Range
-
7801 Lori Drive Huntington Beach, CA 2
- 3 beds 3 baths ∙ 1,932 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,932 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $3,480
- $1.80
-
19096 Queensport Lane Huntington Beach, CA 1
- 3 beds 3 baths ∙ 1,815 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,815 Sqft ∙ Built 1989
LEASED 09/23/20- Rent
- Rent Per SQFT
- $3,300
- $1.82
-
18462 Gina Lane Huntington Beach, CA 3
- 4 beds 3 baths ∙ 1,898 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,898 Sqft ∙ Built 1977
LEASED 04/30/20- Rent
- Rent Per SQFT
- $3,600
- $1.90
-
7813 Garfield Avenue Huntington Beach, CA 4
- 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2000
LEASED 06/25/20- Rent
- Rent Per SQFT
- $3,900
- $1.95
-
7795 Lori Drive Huntington Beach, CA 5
- 4 beds 3 baths ∙ 2,087 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,087 Sqft ∙ Built 1980
LEASED 02/10/21- Rent
- Rent Per SQFT
- $4,150
- $1.99
PROPERTY LISTING DETAILS
Compass
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC21047130
Last Updated: 03/06/2021
