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19237 Meadowood Circle Huntington Beach, CA 92648

4 Beds 2 Baths 2,400 sqft Built 1988

$1,189,000

List Price

$4,440

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $495.42
  • 104 Days on Market
  • MLS # : OC20204379
  • Updated Date : 11/02/2020 at 07:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,400 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Arguably one of the best locations in all of the SeaCliff area townhomes; on a large greenbelt AND stunning views of the wetlands, ocean, mountains and sunsets! This is a phenomenal end unit in the ocean -close, guard gated community of SeaCliff on the Greens! Walk to the beach, the wetlands, the top rated parks and schools and ride your bike to downtown HB or sit and enjoy the views from your huge wrap around patio! Approximately 2,400 square feet of living space in this gorgeously remodeled home with 4 full bedrooms + den/bedroom down with built-ins including murphy bed + large living room with cozy fireplace, 3 full baths! Fabulous upgrades throughout including, new dual paned windows and sliders, new custom paint, neutral hardsurface flooring, many custom ceiling fans throughout, custom window coverings, soaring ceilings, upgraded carpet, new water heater and so much more! Completely remodeled kitchen with granite counters, new white shaker cabinets, upgraded stainless steel appliances, breakfast bar and sunny breakfast nook with slider leading out to large patio. Large master suite with view balcony, cozy fireplace, large walk-in closet and wet bar. Master bath has been completely remodeled with new cabinets, flooring and counters, walk-in shower and separate claw footed soaking tub. Many community pools and spas, walk to the SeaCliff Country Club and prime location within the community! Award winning SeaCliff Elementary School!

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: The Club Series at SeaCliff

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $272k1017k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: The Club Series at SeaCliff

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2200022002400260028003000320034003600380040004200Rent in $19244343

* 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
Huntington Seacliff Elementary School Primary Regular 661 23 10
Ethel Dwyer Middle School Middle Regular 1,243 43 8
Huntington Beach Adult School High Magnet 2,939 103 9

Huntington Seacliff Elementary School

  • Education Level: Primary
  • # of students: 661
  • # of teachers: 23
10
GreatSchools Rating

Ethel Dwyer Middle School

  • Education Level: Middle
  • # of students: 1,243
  • # of teachers: 43
8
GreatSchools Rating

Huntington Beach Adult School

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

$1,070,100$1,307,900$1,189,000

PURCHASE PRICE

$3,996$4,884$4,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,440
EXPENSES Loan Payment -$4,130
Property Tax -$1,175
Property Insurance -$85
HOA -$468
Property Management Fees -$218
CASH FLOW
-$1,635

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$1,189,000

PROJECTED PRICE

$4,440

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
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$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$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$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$320,835

INVESTMENT

$320,835

Down Payment
$297,250
Rehab Estimate
$5,750
Closing Costs
$17,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,130

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $297,250
Loan Amount $891,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$154

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,440

    LIST RENT
  • $1.85

    LIST RENT PER SQFT
  • $4,692

    COMP ESTIMATED VALUE
  • $1.96

    COMP AVG. RENT PER SQFT
Comps Range
$4,200
1$4,2002$4,4403$4,6004$4,6005$4,750
$4,750
RENT COMPS ANALYSIS
  • 19237 Meadowood Circle Huntington Beach, CA 2
    • 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $4,440
    • $1.85
    •  
  • 19357 Surftide Drive Huntington Beach, CA 1
    • 3 beds 3 baths ∙ 2,150 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,150 Sqft ∙ Built 1997
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.95
    •  
  • 6131 Eaglecrest Drive Huntington Beach, CA 3
    • 3 beds 3 baths ∙ 2,476 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,476 Sqft ∙ Built 1989
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $1.86
    •  
  • 19412 Merion Circle Huntington Beach, CA 4
    • 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 1988
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $2.06
    •  
  • 6112 Manorfield Drive Huntington Beach, CA 5
    • 5 beds 2 baths ∙ 2,438 Sqft ∙ Built 1981 5 beds 2 baths ∙ 2,438 Sqft ∙ Built 1981
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,750
    • $1.95
    •  
PROPERTY LISTING DETAILS
Chelsea Roger
Coldwell Banker Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20204379
Last Updated: 11/02/2020
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