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4541 Scenario Drive Huntington Beach, CA 92649

3 Beds 1 Baths 1,146 sqft Built 1962

$825,000

List Price

$3,080

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $719.90
  • 5 Days on Market
  • MLS # : OC21056056
  • Updated Date : 03/20/2021 at 17:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,146 sqft
  • Baths : 1 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

This Single-Story South Facing Sunny Home is located in the Amazing Dutch Haven America Neighborhood has Great Curb Appeal. It has 3 bdrms, 2 baths with a Spacious Living Room with a Cozy Fireplace; Kitchen with Plenty of Cabinets; Master Bath with a Huge Jacuzzi Tub; Inside Laundry Room with a Sink; Recessed Lighting and Crown Molding Throughout; and a 2 Car Garage. The Home also has a Large Back Yard with Mature Lemon and Orange Trees and a Covered Patio. This Ideal Location is Close to Schools, The Beach, Downtown, Shops & Entertainment and Easy Access to Freeways.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Village View Elementary School Primary Regular 555 23 8
Marine View Middle School Middle Regular 813 33 7
Marina High School High Regular 2,438 93 9

Village View Elementary School

  • Education Level: Primary
  • # of students: 555
  • # of teachers: 23
8
GreatSchools Rating

Marine View Middle School

  • Education Level: Middle
  • # of students: 813
  • # of teachers: 33
7
GreatSchools Rating

Marina High School

  • Education Level: High
  • # of students: 2,438
  • # of teachers: 93
9
GreatSchools Rating
 

$742,500$907,500$825,000

PURCHASE PRICE

$2,772$3,388$3,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,080
EXPENSES Loan Payment -$2,866
Property Tax -$817
Property Insurance -$55
Property Management Fees -$151
CASH FLOW
-$808

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.

$825,000

PROJECTED PRICE

$3,080

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$224,375

INVESTMENT

$224,375

Down Payment
$206,250
Rehab Estimate
$5,750
Closing Costs
$12,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,866

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $206,250
Loan Amount $618,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$4,746

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,080

    LIST RENT
  • $2.69

    LIST RENT PER SQFT
  • $2,813

    COMP ESTIMATED VALUE
  • $2.46

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,0003$3,0804$3,1505$3,300
$3,300
RENT COMPS ANALYSIS
  • 4541 Scenario Drive Huntington Beach, CA 3
    • 3 beds 1 baths ∙ 1,146 Sqft ∙ Built 1962 3 beds 1 baths ∙ 1,146 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $3,080
    • $2.69
    •  
  • 5382 Hendricksen Drive Huntington Beach, CA 1
    • 3 beds 2 baths ∙ 1,214 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,214 Sqft ∙ Built 1962
    LEASED 09/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.47
    •  
  • 16571 Jib Circle #1 Huntington Beach, CA 2
    • 3 beds 3 baths ∙ 1,300 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,300 Sqft ∙ Built 1977
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.31
    •  
  • 4551 Minuet Drive Huntington Beach, CA 4
    • 4 beds 2 baths ∙ 1,279 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,279 Sqft ∙ Built 1963
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $2.46
    •  
  • 16052 Aria Circle Huntington Beach, CA 5
    • 4 beds 1 baths ∙ 1,279 Sqft ∙ Built 1963 4 beds 1 baths ∙ 1,279 Sqft ∙ Built 1963
    LEASED 02/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.58
    •  
PROPERTY LISTING DETAILS
Gantry Wilson
Keller Williams Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21056056
Last Updated: 03/20/2021
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