Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6412 Weber Circle Huntington Beach, CA 92647

5 Beds 2 Baths 1,869 sqft Built 1964

$985,000

List Price

$3,580

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $527.02
  • 5 Days on Market
  • MLS # : PW21017935
  • Updated Date : 01/28/2021 at 10:23
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,869 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Come fall in love with this gorgeous five bedroom, two bath 1869 sqft home in a quiet and desirable Huntington Beach neighborhood, biking distance from the beach. Plenty of natural light and open space makes this home inviting and welcoming from the moment you walk in. The recently remolded kitchen and wood lament flooring adds an updated look to the aesthetic that makes this home move-in ready. Entertain family and friends in the beautiful open concept living room/dining room, leading to the spacious backyard with patio and firepit. Enjoy watching your kids play in the safe and quite cul-de-sac on a warm summer day, or spend the day at one of the local parks or nearby beaches for leisure and recreation. Local shopping centers provide entertainment and convenience that is unbeatable. You truly can't beat this location, community and the value of this gorgeous home!

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: 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
Circle View Elementary School Primary Magnet 711 25 10
Spring View Middle School Middle Regular 798 32 7
Marina High School High Regular 2,438 93 9

Circle View Elementary School

  • Education Level: Primary
  • # of students: 711
  • # of teachers: 25
10
GreatSchools Rating

Spring View Middle School

  • Education Level: Middle
  • # of students: 798
  • # of teachers: 32
7
GreatSchools Rating

Marina High School

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

$886,500$1,083,500$985,000

PURCHASE PRICE

$3,222$3,938$3,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,580
EXPENSES Loan Payment -$3,421
Property Tax -$975
Property Insurance -$72
Property Management Fees -$175
CASH FLOW
-$1,064

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.

$985,000

PROJECTED PRICE

$3,580

PROJECTED RENT

0.36%

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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$266,775

INVESTMENT

$266,775

Down Payment
$246,250
Rehab Estimate
$5,750
Closing Costs
$14,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,421

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $246,250
Loan Amount $738,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,980

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,580

    LIST RENT
  • $1.92

    LIST RENT PER SQFT
  • $3,780

    COMP ESTIMATED VALUE
  • $2.02

    COMP AVG. RENT PER SQFT
Comps Range
$3,580
1$3,5802$3,7953$3,8004$3,9005$4,000
$4,000
RENT COMPS ANALYSIS
  • 6412 Weber Circle Huntington Beach, CA 1
    • 5 beds 2 baths ∙ 1,869 Sqft ∙ Built 1964 5 beds 2 baths ∙ 1,869 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $3,580
    • $1.92
    •  
  • 16381 Serenade Lane Huntington Beach, CA 2
    • 4 beds 3 baths ∙ 1,907 Sqft ∙ Built 1968 4 beds 3 baths ∙ 1,907 Sqft ∙ Built 1968
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,795
    • $1.99
    •  
  • 5942 Franmar Circle Huntington Beach, CA 3
    • 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 1964
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.01
    •  
  • 16691 Marie Lane Huntington Beach, CA 4
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 1963
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.99
    •  
  • 16262 Bradbury Lane Huntington Beach, CA 5
    • 5 beds 2 baths ∙ 1,905 Sqft ∙ Built 1964 5 beds 2 baths ∙ 1,905 Sqft ∙ Built 1964
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.10
    •  
PROPERTY LISTING DETAILS
Blair Borne
Coldwell Banker Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21017935
Last Updated: 01/28/2021
BESbswy