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19854 Vermont Lane Huntington Beach, CA 92646

4 Beds 2 Baths 1,254 sqft Built 1963

$529,000

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $421.85
  • 5 Days on Market
  • MLS # : OC21001886
  • Updated Date : 01/16/2021 at 15:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,254 sqft
  • Baths : 1 full , 1 half
Listing Agent

Seven Gables Real Estate

Listing Agent's Description

LOOK NO FURTHER! This beautiful 4 bedroom farmhouse-style townhome is in a prime location of Huntington Beach. You are just minutes from the beach, restaurants, shopping & freeways! As you enter the home you're greeted with an open floor plan flowing out to the back patio where you'll find your own private jacuzzi. Your back patio also leads to your carport where you'll find additional storage. The kitchen has recently been remodeled with granite countertops, stainless steel appliances & a walk-in pantry! The laundry area has ample room for all your necessities & folding space. Upstairs you'll find 4 bedrooms and a full bathroom perfect for a growing family. The community features green belts throughout, a remodeled clubhouse available to rent out, pool, large park, kid's playground, tennis courts & basketball courts.

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: Adams

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800kPrice in $157k831k

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

Neighborhood: Adams

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2140016001800200022002400260028003000320034003600Rent in $13313620

* 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
Isojiro Oka Elementary School Primary Regular 447 18 9
Samuel E. Talbert Middle School Middle Regular 722 29 9
Huntington Beach Adult School High Magnet 2,939 103 9

Isojiro Oka Elementary School

  • Education Level: Primary
  • # of students: 447
  • # of teachers: 18
9
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
 

$476,100$581,900$529,000

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$1,837
Property Tax -$537
Property Insurance -$57
HOA -$270
Property Management Fees -$130
CASH FLOW
-$172

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.

$529,000

PROJECTED PRICE

$2,660

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 6.1%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$145,935

INVESTMENT

$145,935

Down Payment
$132,250
Rehab Estimate
$5,750
Closing Costs
$7,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,837

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,250
Loan Amount $396,750
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$19,442

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,660

    LIST RENT
  • $2.12

    LIST RENT PER SQFT
  • $2,618

    COMP ESTIMATED VALUE
  • $2.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2753$2,6604$2,9005$3,200
$3,200
RENT COMPS ANALYSIS
  • 19854 Vermont Lane Huntington Beach, CA 3
    • 4 beds 2 baths ∙ 1,254 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,254 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $2,660
    • $2.12
    •  
  • 19788 Inverness Lane Huntington Beach, CA 1
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1963
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $2.00
    •  
  • 9671 Adams Avenue Huntington Beach, CA 2
    • 3 beds 2 baths ∙ 1,122 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,122 Sqft ∙ Built 1963
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $2.03
    •  
  • 20385 Fee Lane Huntington Beach, CA 4
    • 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 1971
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.11
    •  
  • 10211 Valley Forge Drive Huntington Beach, CA 5
    • 4 beds 2 baths ∙ 1,448 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,448 Sqft ∙ Built 1964
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.21
    •  
PROPERTY LISTING DETAILS
Megan Gullotta
Seven Gables Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21001886
Last Updated: 01/16/2021
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