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20939 Monarch Lane Huntington Beach, CA 92646

4 Beds 3 Baths 2,928 sqft Built 2002

$1,199,900

List Price

$4,730

$4.5K - $5K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $409.80
  • 2 Days on Market
  • MLS # : 200050532
  • Updated Date : 11/02/2020 at 14:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,928 sqft
  • Baths : 2 full , 1 half
Listing Agent

Big Block Realty, Inc.

Listing Agent's Description

Exquisite 4 Bedroom, 3 Bath home in the exclusive gated Beachside Community! Open Floorplan with a wonderful entertaining feel, 2 loft areas & office area, Beautiful wood flooring & crown molding. Light & bright! Enjoy the chefs kitchen with cabinets galore, Fireplace in living room. Community is gated and has security officers, park/playground areas for your pleasure. 2 car attached garage, Relax in your private Jacuzzi & entertain guests in your BBQ area. Upstairs laundry room and so much more! Equipment: Dryer, Range/Oven, Washer Other Fees: 0 Sewer: Sewer Connected Topography: LL

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: Southeast Huntington Beach

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $272k922k

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

Neighborhood: Southeast Huntington Beach

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $19243821

* 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
John R. Peterson Elementary School Primary Regular 652 22 8
Isaac L. Sowers Middle School Middle Regular 1,205 38 9
Edison High School High Regular 2,560 107 9

John R. Peterson Elementary School

  • Education Level: Primary
  • # of students: 652
  • # of teachers: 22
8
GreatSchools Rating

Isaac L. Sowers Middle School

  • Education Level: Middle
  • # of students: 1,205
  • # of teachers: 38
9
GreatSchools Rating

Edison High School

  • Education Level: High
  • # of students: 2,560
  • # of teachers: 107
9
GreatSchools Rating
 

$1,079,910$1,319,890$1,199,900

PURCHASE PRICE

$4,257$5,203$4,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,730
EXPENSES Loan Payment -$4,427
Property Tax -$1,186
Property Insurance -$98
HOA -$99
Property Management Fees -$232
CASH FLOW
-$1,311

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.

$1,199,900

PROJECTED PRICE

$4,730

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,724

INVESTMENT

$323,724

Down Payment
$299,975
Rehab Estimate
$5,750
Closing Costs
$17,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,427

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $299,975
Loan Amount $899,925
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$4,816

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,730

    LIST RENT
  • $1.62

    LIST RENT PER SQFT
  • $5,131

    COMP ESTIMATED VALUE
  • $1.75

    COMP AVG. RENT PER SQFT
Comps Range
$4,600
1$4,6002$4,7003$4,7304$4,8005$4,995
$4,995
RENT COMPS ANALYSIS
  • 20939 Monarch Lane Huntington Beach, CA 3
    • 4 beds 3 baths ∙ 2,928 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,928 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $4,730
    • $1.62
    •  
  • 9121 Belcaro Drive Huntington Beach, CA 1
    • 3 beds 2 baths ∙ 2,643 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,643 Sqft ∙ Built 1987
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $1.74
    •  
  • 20854 Cabrillo Lane Huntington Beach, CA 2
    • 3 beds 3 baths ∙ 2,772 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,772 Sqft ∙ Built 2001
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.70
    •  
  • 608 Indianapolis Avenue Huntington Beach, CA 4
    • 4 beds 3 baths ∙ 2,748 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,748 Sqft ∙ Built 2002
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $1.75
    •  
  • 512 Indianapolis Avenue Huntington Beach, CA 5
    • 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 2002
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,995
    • $1.82
    •  
PROPERTY LISTING DETAILS
Brian Daly
Big Block Realty, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 200050532
Last Updated: 11/02/2020
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