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19352 Baywater Lane 
Huntington Beach, CA
92646
4 Beds 2 Baths 2,343 sqft
Built 1976
INVESTimate
$999,999
List Price
$270,750
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PROPERTY INFO
FACTS
- Built In 1976
- Price/Sqft : $426.80
- 3 Days on Market
- MLS # : OC20173347
- Updated Date : 08/24/2020 at 13:33
CONSTRUCTION
- Beds : 4
- Floor Size : 2,343 sqft
- Baths : 2 full
Listing Agent
The L3
Listing Agent's Description
Amazing opportunity to own a home in the prestigious Goldenwest Estates located in the center of the neighborhood! This is a home that has been loved and cared for, just needs a new owner to bring it up to their tastes. Has a multi-level layout with plenty of space for a growing family. The main area consists of a kitchen, formal living room with vaulted ceilings, and formal dining area. The upstairs features 3 bedrooms including a spacious master suite. Downstairs is a second family/living room and the 4th bedroom which also has an adjacent bathroom with shower. This lower level is perfect for visiting guests to stay in or for older children who want their own space. What is not to love about the backyard!? It is uber private, well manicured, and expansive. The home boasts a brand new roof, air conditioning, a 3 car garage and more! Not often do people get a chance to buy a home like this with this kind of central location within the neighborhood and steps away from a gorgeous neighborhood park. Come make this home your dream home!
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MARKET HIGHLIGHTS
- 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 area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
- As part of Southern California area, Orange County market inherits all the benefits from the area.
- 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)
PRICE & RENT TRENDS
Neighborhood: Huntington Beach
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Huntington Beach
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,940 |
| EXPENSES | Loan Payment | -$3,690 |
| Property Tax | -$1,014 | |
| Property Insurance | -$84 | |
| Property Management Fees | -$193 | |
|
CASH FLOW
-$1,041
|
||
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.
$999,999
PROJECTED PRICE
$3,940
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.24% |
| Appreciation Year (1-5) | 5.22% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.38% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$270,750
LOAN DETAILS
$3,690
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $250,000 |
| Loan Amount | $749,999 |
1.25
YEARS SAVED
$7,205
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,940
LIST RENT -
$1.68
LIST RENT PER SQFT
-
$4,094
COMP ESTIMATED VALUE -
$1.75
COMP AVG. RENT PER SQFT
Comps Range
-
19352 Baywater Lane Huntington Beach, 3
- 4 beds 2 baths ∙ 2,343 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,343 Sqft ∙ Built 1976
![property image]()
- Rent
- Rent Per SQFT
- $3,940
- $1.68
-
19162 Homestead Lane Huntington Beach, 1
- 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 1974
![property image]()
LEASED 07/28/20- Rent
- Rent Per SQFT
- $3,700
- $1.56
-
8542 Windlass Drive Huntington Beach, 2
- 4 beds 3 baths ∙ 2,199 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,199 Sqft ∙ Built 1975
![property image]()
LEASED 07/27/20- Rent
- Rent Per SQFT
- $3,850
- $1.75
-
8721 Squires Circle Huntington Beach, 4
- 5 beds 3 baths ∙ 2,296 Sqft ∙ Built 1964 5 beds 3 baths ∙ 2,296 Sqft ∙ Built 1964
![property image]()
LEASED 08/18/20- Rent
- Rent Per SQFT
- $4,200
- $1.83
-
19691 Topeka Lane Huntington Beach, 5
- 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1975
![property image]()
LEASED 03/11/20- Rent
- Rent Per SQFT
- $4,300
- $1.85
PROPERTY LISTING DETAILS
The L3
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC20173347
Last Updated: 08/24/2020
