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17172 Englewood Circle Huntington Beach, CA 92647

4 Beds 2 Baths 2,037 sqft Built 1968

$989,000

List Price

$3,680

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $485.52
  • 17 Days on Market
  • MLS # : OC21004871
  • Updated Date : 01/23/2021 at 17:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,037 sqft
  • Baths : 2 full
Listing Agent

Seven Gables Real Estate

Listing Agent's Description

This single-story home is located on a quiet cul-de-sac in a wonderful neighborhood with a little park just down the street. In today’s world, it’s great to have a versatile layout that can accommodate a home office and/or classroom and still have additional space to hang out. This floor plan provides plenty of options. There is a spacious formal living room with an attached dining area, it could be a quiet space to set up a teaching area. It’s also a beautiful, light-filled living room with a cozy fireplace and the dining area that can accommodate dinner with friends. On the back side of the house, you will find an updated kitchen opening to the roomy family room and both are oriented to the backyard and patio area. The four bedrooms include a generous master suite with a walk-in closet and room for a sitting area. The three additional bedrooms are light and have ample closet space. Close to Huntington Central Park and library, equestrian center, the dog park, sports center and of course Surf City’s renown beaches. This is amazing opportunity, not to be missed.

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MARKET HIGHLIGHTS

  • 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.
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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
Golden View Elementary School Primary Regular 485 19 4
Mesa View Middle School Middle Magnet 806 34 9
Ocean View High School High Magnet 1,549 58 5

Golden View Elementary School

  • Education Level: Primary
  • # of students: 485
  • # of teachers: 19
4
GreatSchools Rating

Mesa View Middle School

  • Education Level: Middle
  • # of students: 806
  • # of teachers: 34
9
GreatSchools Rating

Ocean View High School

  • Education Level: High
  • # of students: 1,549
  • # of teachers: 58
5
GreatSchools Rating
 

$890,100$1,087,900$989,000

PURCHASE PRICE

$3,312$4,048$3,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,680
EXPENSES Loan Payment -$3,435
Property Tax -$979
Property Insurance -$76
Property Management Fees -$180
CASH FLOW
-$991

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.

$989,000

PROJECTED PRICE

$3,680

PROJECTED RENT

0.37%

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$20k

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$267,835

INVESTMENT

$267,835

Down Payment
$247,250
Rehab Estimate
$5,750
Closing Costs
$14,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,435

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $247,250
Loan Amount $741,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$5,041

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,680

    LIST RENT
  • $1.81

    LIST RENT PER SQFT
  • $3,957

    COMP ESTIMATED VALUE
  • $1.94

    COMP AVG. RENT PER SQFT
Comps Range
$3,680
1$3,6802$3,7003$3,8004$3,9005$3,900
$3,900
RENT COMPS ANALYSIS
  • 17172 Englewood Circle Huntington Beach, CA 1
    • 4 beds 2 baths ∙ 2,037 Sqft ∙ Built 1968 4 beds 2 baths ∙ 2,037 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $3,680
    • $1.81
    •  
  • 16682 Kettler Lane Huntington Beach, CA 2
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1963 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1963
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.85
    •  
  • 5942 Franmar Circle Huntington Beach, CA 3
    • 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 1964
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.01
    •  
  • 17352 Almelo Lane Huntington Beach, CA 4
    • 4 beds 4 baths ∙ 2,030 Sqft ∙ Built 1965 4 beds 4 baths ∙ 2,030 Sqft ∙ Built 1965
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.92
    •  
  • 16691 Marie Lane Huntington Beach, CA 5
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 1963
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.99
    •  
PROPERTY LISTING DETAILS
Craig Poturalski
Seven Gables Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21004871
Last Updated: 01/23/2021
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