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9621 Sailfish Drive Huntington Beach, CA 92646

3 Beds 1 Baths 1,176 sqft Built 1964

$850,000

List Price

$2,960

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $722.79
  • 4 Days on Market
  • MLS # : OC21023601
  • Updated Date : 02/04/2021 at 21:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,176 sqft
  • Baths : 1 full
Listing Agent

Huntington Coast Properties

Listing Agent's Description

This Home is Ready for you to Move Right In! The Interior was just Painted, and the Exterior was Painted in 2020. 3 Bedroom, 2 Bath Home with a Quiet Interior Location in Desirable South Huntington Beach Neighborhood. All Windows and Sliding Door replaced in 2020 along with All New Window Blinds. Both Bathrooms have been Remodeled including a Skylight in the Hall Bathroom. The Home has Tile Flooring throughout, Central A/C, and an Upgraded 200 Amp Electrical Panel. The Dining Area has a Ceiling Fan, Breakfast Bar, and Slider that opens to the Back Patio. Bright Kitchen with Freshly Painted White Cabinets, New Faucet, and New Dishwasher. The Garage is Drywalled and Painted, has Storage Cabinets, a Pull-down Ladder to access Additional Storage in the Attic, and Garage Door that opens to the Back Yard. Big Back Yard with Block Wall all around. Other Features Include Ceiling Fan in the Master, Raised Panel Doors Throughout, Ring Doorbell, Nest Thermostat, and Vinyl Front Side Gates. Great Location with Schools and Shopping close by. Come by and Take a Look...You'll be Glad You Did!

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
Isojiro Oka Elementary School Primary Regular 447 18 9
Samuel E. Talbert Middle School Middle Regular 722 29 9
Huntington Beach Adult School High Magnet 2,939 103 9

Isojiro Oka Elementary School

  • Education Level: Primary
  • # of students: 447
  • # of teachers: 18
9
GreatSchools Rating

Samuel E. Talbert Middle School

  • Education Level: Middle
  • # of students: 722
  • # of teachers: 29
9
GreatSchools Rating

Huntington Beach Adult School

  • Education Level: High
  • # of students: 2,939
  • # of teachers: 103
9
GreatSchools Rating
 

$765,000$935,000$850,000

PURCHASE PRICE

$2,664$3,256$2,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,960
EXPENSES Loan Payment -$2,952
Property Tax -$862
Property Insurance -$56
Property Management Fees -$145
CASH FLOW
-$1,055

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.

$850,000

PROJECTED PRICE

$2,960

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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% 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 $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$765

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,960

    LIST RENT
  • $2.52

    LIST RENT PER SQFT
  • $2,467

    COMP ESTIMATED VALUE
  • $2.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2753$2,3004$2,4955$2,960
$2,960
RENT COMPS ANALYSIS
  • 9621 Sailfish Drive Huntington Beach, CA 5
    • 3 beds 1 baths ∙ 1,176 Sqft ∙ Built 1964 3 beds 1 baths ∙ 1,176 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $2,960
    • $2.52
    •  
  • 19788 Inverness Lane Huntington Beach, CA 1
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1963
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $2.00
    •  
  • 9671 Adams Avenue Huntington Beach, CA 2
    • 3 beds 2 baths ∙ 1,122 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,122 Sqft ∙ Built 1963
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $2.03
    •  
  • 9639 Adams Avenue Huntington Beach, CA 3
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1963
    LEASED 12/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $2.09
    •  
  • 19788 Claremont Lane Huntington Beach, CA 4
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1964
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $2.27
    •  
PROPERTY LISTING DETAILS
Joe Laning
Huntington Coast Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21023601
Last Updated: 02/04/2021
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