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6002 Kenwick Circle Huntington Beach, CA 92648

4 Beds 3 Baths 2,451 sqft Built 1978

$1,299,800

List Price

$4,240

$4K - $4.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $530.31
  • 3 Days on Market
  • MLS # : PW21046801
  • Updated Date : 03/05/2021 at 18:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,451 sqft
  • Baths : 2 full , 1 half
Listing Agent

Uniti Realty

Listing Agent's Description

Stunning two-story home with 4 bedrooms, 3 baths in great neighborhood! Grand entry way with vaulted ceilings formal living area and cozy fireplace that enhances the space as guest enter. Dining area looks out to the private backyard and patio area. Fully equipped kitchen features stainless steel appliances, dual ovens, granite countertops, ample storage and a convenient breakfast bar. The great room is open to the kitchen and provides lots of space for relaxing or entertaining with friends and family. Enjoy a wet bar area in the great room. Expansive backyard with plenty of patio space, lush lawn, mature landscaping and beautiful garden. Upstairs you will find four well-appointed bedrooms. The master suite has high ceilings and a private balcony that looks out to the backyard . Spacious ensuite bath with walk in closet. The home has the perfect layout for anyone who needs space and looking for a wonderful Huntington Beach Neighborhood. You will absolutely love this home and all that the coastal Huntington Beach lifestyle has to offer. Conveniently located next to the Bolsa Chica Wetlands and Central Park, walking trails and award winning schools.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 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
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
 

$1,169,820$1,429,780$1,299,800

PURCHASE PRICE

$3,816$4,664$4,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,240
EXPENSES Loan Payment -$4,515
Property Tax -$1,284
Property Insurance -$86
Property Management Fees -$208
CASH FLOW
-$1,853

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.

$1,299,800

PROJECTED PRICE

$4,240

PROJECTED RENT

0.33%

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$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$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$350,197

INVESTMENT

$350,197

Down Payment
$324,950
Rehab Estimate
$5,750
Closing Costs
$19,497

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,515

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $324,950
Loan Amount $974,850
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$208

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,240

    LIST RENT
  • $1.73

    LIST RENT PER SQFT
  • $4,412

    COMP ESTIMATED VALUE
  • $1.8

    COMP AVG. RENT PER SQFT
Comps Range
$4,200
1$4,2002$4,2003$4,2404$4,7005$4,700
$4,700
RENT COMPS ANALYSIS
  • 6002 Kenwick Circle Huntington Beach, CA 3
    • 4 beds 3 baths ∙ 2,451 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,451 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $4,240
    • $1.73
    •  
  • 5831 Midway Drive Huntington Beach, CA 1
    • 4 beds 3 baths ∙ 2,474 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,474 Sqft ∙ Built 1976
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.70
    •  
  • 5902 Carbeck Drive Huntington Beach, CA 2
    • 4 beds 3 baths ∙ 2,474 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,474 Sqft ∙ Built 1977
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.70
    •  
  • 5802 Midway Drive Huntington Beach, CA 4
    • 4 beds 3 baths ∙ 2,474 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,474 Sqft ∙ Built 1977
    LEASED 09/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.90
    •  
  • 18282 Fieldbury Lane Huntington Beach, CA 5
    • 4 beds 3 baths ∙ 2,474 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,474 Sqft ∙ Built 1980
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.90
    •  
PROPERTY LISTING DETAILS
Han Oh
Uniti Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21046801
Last Updated: 03/05/2021
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