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8412 Northport Drive Huntington Beach, CA 92646

4 Beds 2 Baths 1,466 sqft Built 1972

$950,000

List Price

$3,360

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $648.02
  • 6 Days on Market
  • MLS # : 21706538
  • Updated Date : 03/19/2021 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,466 sqft
  • Baths : 2 full
Listing Agent

Bci Realtors

Listing Agent's Description

This 4 Bedroom, 3 Bathroom home with 2 car garage is located in the desirable Moffett Elementary, Huntington Beach school district, Edison high school. The home is approximately 2 miles from the beach! The main entry of the home leads to an elegant formal living area with hardwood floors, and plenty of light and vaulted ceilings with fireplace! Down the hall is a open kitchen looking out to the back garden and spacious family room. This is an interior tract location and the back yard is south facing with large cover patio and dog run area. Other features include new windows, HVAC system, roll-up garage doors, and large driveway. This single level home in sought after neighborhood wont last long.

SEE MORE

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: Southeast Huntington Beach

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $272k922k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Southeast Huntington Beach

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $19243821

* 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
S. A. Moffett Elementary School Primary Regular 573 21 10
Isaac L. Sowers Middle School Middle Regular 1,205 38 9
Edison High School High Regular 2,560 107 9

S. A. Moffett Elementary School

  • Education Level: Primary
  • # of students: 573
  • # of teachers: 21
10
GreatSchools Rating

Isaac L. Sowers Middle School

  • Education Level: Middle
  • # of students: 1,205
  • # of teachers: 38
9
GreatSchools Rating

Edison High School

  • Education Level: High
  • # of students: 2,560
  • # of teachers: 107
9
GreatSchools Rating
 

$855,000$1,045,000$950,000

PURCHASE PRICE

$3,024$3,696$3,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,360
EXPENSES Loan Payment -$3,300
Property Tax -$939
Property Insurance -$63
Property Management Fees -$165
CASH FLOW
-$1,106

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$950,000

PROJECTED PRICE

$3,360

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,500

INVESTMENT

$257,500

Down Payment
$237,500
Rehab Estimate
$5,750
Closing Costs
$14,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,300

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $237,500
Loan Amount $712,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,201

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,360

    LIST RENT
  • $2.29

    LIST RENT PER SQFT
  • $3,302

    COMP ESTIMATED VALUE
  • $2.25

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,1003$3,3004$3,3605$3,595
$3,595
RENT COMPS ANALYSIS
  • 8412 Northport Drive Huntington Beach, CA 4
    • 4 beds 2 baths ∙ 1,466 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,466 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,360
    • $2.29
    •  
  • 1720 Delaware Street Huntington Beach, CA 1
    • 3 beds 2 baths ∙ 1,349 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,349 Sqft ∙ Built 1973
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.22
    •  
  • 512 Utica Avenue Huntington Beach, CA 2
    • 3 beds 2 baths ∙ 1,349 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,349 Sqft ∙ Built 1973
    property image
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.30
    •  
  • 8541 Pierre Drive Huntington Beach, CA 3
    • 3 beds 2 baths ∙ 1,557 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,557 Sqft ∙ Built 1975
    property image
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.12
    •  
  • 1320 Lakeside Lane Huntington Beach, CA 5
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1979
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,595
    • $2.37
    •  
PROPERTY LISTING DETAILS
David Parry
Bci Realtors
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21706538
Last Updated: 03/19/2021
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