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8305 Rolf Circle Huntington Beach, CA 92646

3 Beds 2 Baths 1,579 sqft Built 1956

$840,000

List Price

$3,230

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1956
  • Price/Sqft : $531.98
  • 2 Days on Market
  • MLS # : PW20230004
  • Updated Date : 11/02/2020 at 15:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,579 sqft
  • Baths : 1 full , 1 half
Listing Agent

First Reliant, Inc.

Listing Agent's Description

Last home in a cul de sac of a quiet family-oriented neighborhood of Huntington Beach. The home sits on an oversized 10,500 Sq Ft lot boasting 2 separate yards, lush landscaping of hibiscus and palms, double-gated RV Parking and an outside custom built PRIVATE bar/entertainment area with stone counters, built in BBQ and refrigerator, ceiling fans/lighting & pavers for your enjoyment. With 1,578 Sq ft of living space, an open floor plan and an outside covered patio off the den there is ample room to spread out. The kitchen is fully loaded featuring all stainless-steel appliances (Built-In Kenmore Pro Refrigerator, Dacor commercial oven w/Whirlpool hood range, Kenmore dishwasher, GE Stove & Sharp Microwave) & custom counters w/ bar seating. With this turnkey home enjoy Huntington Beach sunny days, ocean breezes, and personal privacy. Close proximity to FWYs, shopping, schools & beaches.

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
Lake View Elementary School Primary Regular 312 14 6
Vista View Middle School Middle Regular 698 30 7
Ocean View High School High Magnet 1,549 58 5

Lake View Elementary School

  • Education Level: Primary
  • # of students: 312
  • # of teachers: 14
6
GreatSchools Rating

Vista View Middle School

  • Education Level: Middle
  • # of students: 698
  • # of teachers: 30
7
GreatSchools Rating

Ocean View High School

  • Education Level: High
  • # of students: 1,549
  • # of teachers: 58
5
GreatSchools Rating
 

$756,000$924,000$840,000

PURCHASE PRICE

$2,907$3,553$3,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,230
EXPENSES Loan Payment -$3,099
Property Tax -$848
Property Insurance -$65
Property Management Fees -$158
CASH FLOW
-$941

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.

$840,000

PROJECTED PRICE

$3,230

PROJECTED RENT

0.38%

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

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$228,350

INVESTMENT

$228,350

Down Payment
$210,000
Rehab Estimate
$5,750
Closing Costs
$12,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,099

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $210,000
Loan Amount $630,000
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$3,881

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,230

    LIST RENT
  • $2.05

    LIST RENT PER SQFT
  • $3,276

    COMP ESTIMATED VALUE
  • $2.08

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$3,0003$3,2304$3,4005$3,595
$3,595
RENT COMPS ANALYSIS
  • 8305 Rolf Circle Huntington Beach, CA 3
    • 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $3,230
    • $2.05
    •  
  • 18392 Manitoba Lane Huntington Beach, CA 1
    • 4 beds 2 baths ∙ 1,557 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,557 Sqft ∙ Built 1960
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.83
    •  
  • 17633 Santa Paula Street Fountain Valley, CA 2
    • 4 beds 2 baths ∙ 1,442 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,442 Sqft ∙ Built 1964
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.08
    •  
  • 8884 Thames River Avenue Fountain Valley, CA 4
    • 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1972
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.21
    •  
  • 19072 Summerfield Lane Huntington Beach, CA 5
    • 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1964
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,595
    • $2.18
    •  
PROPERTY LISTING DETAILS
Corden Mckenzie
First Reliant, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20230004
Last Updated: 11/02/2020
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