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8552 Howard Circle Huntington Beach, CA 92647

3 Beds 2 Baths 1,402 sqft Built 1960

$879,900

List Price

$3,120

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $627.60
  • 3 Days on Market
  • MLS # : OC21057001
  • Updated Date : 03/19/2021 at 07:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,402 sqft
  • Baths : 2 full
Listing Agent

Lisa Canavier, Broker

Listing Agent's Description

Welcome home!! Fantastic Huntington Beach home, hardwood floors throughout, updated kitchen and baths with tile floors. Smooth ceilings with recessed lighting and crown moulding. Romantic fireplace with tile hearth and oak mantle. Two full baths. Huge pool sized yard. Central A/C for those hot summer days! Middle of the block on a cul-de-sac with South facing backyard. Added bonus room included in square footage so versatile, office, playroom, pool table, who knows!!. Upgraded dual pane windows and slider. Central vacuum system including garage attachments. Direct garage access to the kitchen and bonus room. Perfect home with washer/dryer and refrigerator included.

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: 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
Westmont Elementary School Primary Regular 351 16 4
Vista View Middle School Middle Regular 698 30 7
Ocean View High School High Magnet 1,549 58 5

Westmont Elementary School

  • Education Level: Primary
  • # of students: 351
  • # of teachers: 16
4
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
 

$791,910$967,890$879,900

PURCHASE PRICE

$2,808$3,432$3,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,120
EXPENSES Loan Payment -$3,056
Property Tax -$888
Property Insurance -$61
Property Management Fees -$153
CASH FLOW
-$1,038

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.

$879,900

PROJECTED PRICE

$3,120

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

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$238,924

INVESTMENT

$238,924

Down Payment
$219,975
Rehab Estimate
$5,750
Closing Costs
$13,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,056

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $219,975
Loan Amount $659,925
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,246

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,120

    LIST RENT
  • $2.23

    LIST RENT PER SQFT
  • $3,137

    COMP ESTIMATED VALUE
  • $2.24

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,0953$3,1004$3,1205$3,700
$3,700
RENT COMPS ANALYSIS
  • 8552 Howard Circle Huntington Beach, CA 4
    • 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,120
    • $2.23
    •  
  • 17633 Santa Paula Street Fountain Valley, CA 1
    • 4 beds 2 baths ∙ 1,442 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,442 Sqft ∙ Built 1964
    property image
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.08
    •  
  • 16951 Ross Lane Huntington Beach, CA 2
    • 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1960
    property image
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,095
    • $2.09
    •  
  • 8361 Edam Circle Huntington Beach, CA 3
    • 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 1961
    property image
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.33
    •  
  • 16782 Scotsdale Circle Huntington Beach, CA 5
    • 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 1965
    property image
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.45
    •  
PROPERTY LISTING DETAILS
Lisa Canavier
Lisa Canavier, Broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21057001
Last Updated: 03/19/2021
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