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15672 Dawson Lane Huntington Beach, CA 92647

5 Beds 3 Baths 2,520 sqft Built 1972

$1,075,000

List Price

$4,290

$4K - $4.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $426.59
  • 11 Days on Market
  • MLS # : IV21051765
  • Updated Date : 03/20/2021 at 05:10
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,520 sqft
  • Baths : 3 full
Listing Agent

Zelaya & Associates Re Serv

Listing Agent's Description

Excellent opportunity to get into a 5 bedroom, HB home in a great location just in time for 2021! This is one of the best values you’ll find for the features, upgrades, and location this home offers. This floorplan has been opened up and remodeled with the thoughts of the modern buyer in mind. The main level of this home offers a formal entry, incorporating the living, dining, and family rooms, with the gourmet kitchen as the hub. This layout is perfect for families and gatherings. The kitchen has been tastefully designed, cabinetry, counters, It opens up to the family room with tiled fireplace and wood mantel as well as the dining and living areas. The upper level of the home is comprised of 3 generously sized secondary bedrooms, a full hall bath, and a grand master suite with barn door leading to the 3 bath, which offers dual sink vanity and a large walk-in shower. The back yard is spacious for family gatherings, Central heating and air, dual-paned windows and slider, warm colors, and hard-surface flooring throughout. Great schools at all levels, and within close proximity to shopping and freeway access.

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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
Circle View Elementary School Primary Magnet 711 25 10
Spring View Middle School Middle Regular 798 32 7
Marina High School High Regular 2,438 93 9

Circle View Elementary School

  • Education Level: Primary
  • # of students: 711
  • # of teachers: 25
10
GreatSchools Rating

Spring View Middle School

  • Education Level: Middle
  • # of students: 798
  • # of teachers: 32
7
GreatSchools Rating

Marina High School

  • Education Level: High
  • # of students: 2,438
  • # of teachers: 93
9
GreatSchools Rating
 

$967,500$1,182,500$1,075,000

PURCHASE PRICE

$3,861$4,719$4,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,290
EXPENSES Loan Payment -$3,734
Property Tax -$1,073
Property Insurance -$88
Property Management Fees -$210
CASH FLOW
-$815

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.

$1,075,000

PROJECTED PRICE

$4,290

PROJECTED RENT

0.40%

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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$290,625

INVESTMENT

$290,625

Down Payment
$268,750
Rehab Estimate
$5,750
Closing Costs
$16,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,734

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $268,750
Loan Amount $806,250
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$15,307

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,290

    LIST RENT
  • $1.7

    LIST RENT PER SQFT
  • $4,240

    COMP ESTIMATED VALUE
  • $1.68

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$4,1853$4,2004$4,2005$4,290
$4,290
RENT COMPS ANALYSIS
  • 15672 Dawson Lane Huntington Beach, CA 5
    • 5 beds 3 baths ∙ 2,520 Sqft ∙ Built 1972 5 beds 3 baths ∙ 2,520 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,290
    • $1.70
    •  
  • 6371 Reubens Drive Huntington Beach, CA 1
    • 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1964
    property image
    LEASED 01/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.66
    •  
  • 16412 Woodstock Lane Huntington Beach, CA 2
    • 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 1965
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,185
    • $1.71
    •  
  • 6451 Meadow Crest Drive Huntington Beach, CA 3
    • 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 1969
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.68
    •  
  • 17152 Englewood Circle Huntington Beach, CA 4
    • 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 1968 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 1968
    property image
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.68
    •  
PROPERTY LISTING DETAILS
Yalmar Zelaya
Zelaya & Associates Re Serv
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21051765
Last Updated: 03/20/2021
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