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19352 Baywater Lane Huntington Beach, CA 92646

4 Beds 2 Baths 2,343 sqft Built 1976

INVESTimate

$999,999

List Price

$3,940

$3,690 - $4,190

Rent Est.

$1,052,199  ( +5.22%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1976
  • Price/Sqft : $426.80
  • 3 Days on Market
  • MLS # : OC20173347
  • Updated Date : 08/24/2020 at 13:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,343 sqft
  • Baths : 2 full
Listing Agent

The L3

Listing Agent's Description

Amazing opportunity to own a home in the prestigious Goldenwest Estates located in the center of the neighborhood! This is a home that has been loved and cared for, just needs a new owner to bring it up to their tastes. Has a multi-level layout with plenty of space for a growing family. The main area consists of a kitchen, formal living room with vaulted ceilings, and formal dining area. The upstairs features 3 bedrooms including a spacious master suite. Downstairs is a second family/living room and the 4th bedroom which also has an adjacent bathroom with shower. This lower level is perfect for visiting guests to stay in or for older children who want their own space. What is not to love about the backyard!? It is uber private, well manicured, and expansive. The home boasts a brand new roof, air conditioning, a 3 car garage and more! Not often do people get a chance to buy a home like this with this kind of central location within the neighborhood and steps away from a gorgeous neighborhood park. Come make this home your dream home!

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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 area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.
  • 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)

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
William T. Newland Elementary School Primary Regular 445 17 10
Samuel E. Talbert Middle School Middle Regular 722 29 9
Huntington Beach Adult School High Magnet 2,939 103 9

William T. Newland Elementary School

  • Education Level: Primary
  • # of students: 445
  • # of teachers: 17
10
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
 

$899,999$1,099,999$999,999

PURCHASE PRICE

$3,546$4,334$3,940

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,940
EXPENSES Loan Payment -$3,690
Property Tax -$1,014
Property Insurance -$84
Property Management Fees -$193
CASH FLOW
-$1,041

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.

$999,999

PROJECTED PRICE

$3,940

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.22%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,750

INVESTMENT

$270,750

Down Payment
$250,000
Rehab Estimate
$5,750
Closing Costs
$15,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,690

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $250,000
Loan Amount $749,999
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$7,205

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,940

    LIST RENT
  • $1.68

    LIST RENT PER SQFT
  • $4,094

    COMP ESTIMATED VALUE
  • $1.75

    COMP AVG. RENT PER SQFT
Comps Range
$3,700
1$3,7002$3,8503$3,9404$4,2005$4,300
$4,300
RENT COMPS ANALYSIS
  • 19352 Baywater Lane Huntington Beach, 3
    • 4 beds 2 baths ∙ 2,343 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,343 Sqft ∙ Built 1976
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,940
    • $1.68
    •  
  • 19162 Homestead Lane Huntington Beach, 1
    • 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 1974
    property image
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.56
    •  
  • 8542 Windlass Drive Huntington Beach, 2
    • 4 beds 3 baths ∙ 2,199 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,199 Sqft ∙ Built 1975
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.75
    •  
  • 8721 Squires Circle Huntington Beach, 4
    • 5 beds 3 baths ∙ 2,296 Sqft ∙ Built 1964 5 beds 3 baths ∙ 2,296 Sqft ∙ Built 1964
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.83
    •  
  • 19691 Topeka Lane Huntington Beach, 5
    • 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1975
    property image
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.85
    •  
PROPERTY LISTING DETAILS
Matthew Kanoudi
The L3
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20173347
Last Updated: 08/24/2020
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