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15821 Wicklow Lane Huntington Beach, CA 92647

3 Beds 2 Baths 1,714 sqft Built 1964

$949,000

List Price

$3,450

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $553.68
  • 6 Days on Market
  • MLS # : OC21000379
  • Updated Date : 01/15/2021 at 12:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,714 sqft
  • Baths : 1 full , 1 half
Listing Agent

Seven Gables Real Estate

Listing Agent's Description

Looking for that pride-in-ownership POOL HOME to call your own? Look no further! But act fast...this one won't last long. An updated kitchen showcases granite countertops, stainless steel appliances, recessed lighting, ceiling height cabinets and opens to the family room featuring a cozy fireplace and a large glass slider that pulls in plenty of natural light. A large, picturesque window is featured in the spacious adjoining living room and dining room creating an ideal gathering place. Three well-appointed bedrooms and 3 bathrooms make this home perfect for anyone to love. Enjoy beautiful California days in the well-maintained backyard with its sparkling pool and covered patio area. RV parking, recently scraped and painted ceilings, updated fireplace mantle, new pool motor, newer roof, and whole-house water softener are just a few of the other features to enjoy. Conveniently located near Bella Terra for shopping and dining, Central Park, and everything else great about Huntington Beach, this Dutch Haven College beauty has been so lovingly maintained, you'll feel at home right away. Be sure to check out the virtual tour for the full floor plan and additional views! https://mls.kuu.la/share/collection/7PS0b?fs=1&vr=1&sd=1&initload=0&thumbs=1

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$854,100$1,043,900$949,000

PURCHASE PRICE

$3,105$3,795$3,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,450
EXPENSES Loan Payment -$3,296
Property Tax -$947
Property Insurance -$69
Property Management Fees -$169
CASH FLOW
-$1,031

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.

$949,000

PROJECTED PRICE

$3,450

PROJECTED RENT

0.36%

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$257,235

INVESTMENT

$257,235

Down Payment
$237,250
Rehab Estimate
$5,750
Closing Costs
$14,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,296

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $237,250
Loan Amount $711,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,767

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,450

    LIST RENT
  • $2.01

    LIST RENT PER SQFT
  • $3,509

    COMP ESTIMATED VALUE
  • $2.05

    COMP AVG. RENT PER SQFT
Comps Range
$3,250
1$3,2502$3,3503$3,4504$3,5005$3,650
$3,650
RENT COMPS ANALYSIS
  • 15821 Wicklow Lane Huntington Beach, CA 3
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $2.01
    •  
  • 7081 Candlelight Circle Huntington Beach, CA 1
    • 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1967
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.02
    •  
  • 6721 Laurelhurst Drive Huntington Beach, CA 2
    • 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 1965
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.05
    •  
  • 16192 Windemeir Lane Huntington Beach, CA 4
    • 3 beds 3 baths ∙ 1,718 Sqft ∙ Built 1965 3 beds 3 baths ∙ 1,718 Sqft ∙ Built 1965
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.04
    •  
  • 6571 Rome Circle Huntington Beach, CA 5
    • 4 beds 2 baths ∙ 1,753 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,753 Sqft ∙ Built 1962
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $2.08
    •  
PROPERTY LISTING DETAILS
Birgitta Ganz
Seven Gables Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21000379
Last Updated: 01/15/2021
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