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

1316 E Madison Avenue Orange, CA 92867

3 Beds 2 Baths 1,867 sqft Built 1956

$775,000

List Price

$3,250

$3K - $3.5K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1956
  • Price/Sqft : $415.10
  • 6 Days on Market
  • MLS # : PW20228280
  • Updated Date : 10/30/2020 at 08:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,867 sqft
  • Baths : 2 full
Listing Agent

First Team Real Estate

Listing Agent's Description

Welcome home to this beautiful single story stunner in the city of Orange. Solid hardwood floors and custom paint throughout set the stage for a feeling of comfort and warmth. The upgraded kitchen includes custom shaker cabinetry with soft close drawers, granite counters, stainless steel appliances and a farm house sink that pull it all together. The family room and living room are incredible in size and both conveniently connect to the step down formal dining room. The bedrooms are also nicely sized and offer plenty of natural light, closet space and ceiling fans. Both bathrooms in the home have been upgraded and are super chic and stylish. The backyard is perfect for gardening and growing your own fruits/vegetables, while also being large enough to throw down some sod and kick a ball if you'd prefer. This house is true gem and one that you will feel very proud and honored to call you home.

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

Zip Code: 92867

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800kPrice in $243k813k

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

Zip Code: 92867

ZipNIR Market*CityMarket2010Year2000 Q22019 Q2200022002400260028003000320034003600Rent in $18443604

* 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
Cambridge Elementary School Primary Regular 525 19 2
Yorba Middle School Middle Regular 582 26 5
Orange High School High Regular 1,927 79 4

Cambridge Elementary School

  • Education Level: Primary
  • # of students: 525
  • # of teachers: 19
2
GreatSchools Rating

Yorba Middle School

  • Education Level: Middle
  • # of students: 582
  • # of teachers: 26
5
GreatSchools Rating

Orange High School

  • Education Level: High
  • # of students: 1,927
  • # of teachers: 79
4
GreatSchools Rating
 

$697,500$852,500$775,000

PURCHASE PRICE

$2,925$3,575$3,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,250
EXPENSES Loan Payment -$2,859
Property Tax -$759
Property Insurance -$71
Property Management Fees -$159
CASH FLOW
-$598

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.

$775,000

PROJECTED PRICE

$3,250

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 6.1%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,859

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$15,152

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,250

    LIST RENT
  • $1.74

    LIST RENT PER SQFT
  • $3,519

    COMP ESTIMATED VALUE
  • $1.89

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2503$3,4504$3,6005$3,650
$3,650
RENT COMPS ANALYSIS
  • 1316 E Madison Avenue Orange, CA 2
    • 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.74
    •  
  • 2011 E Orange Grove Avenue Orange, CA 1
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1953
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.90
    •  
  • 1171 N California Street Orange, CA 3
    • 4 beds 2 baths ∙ 1,940 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,940 Sqft ∙ Built 1973
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.78
    •  
  • 1440 E Mayfair Avenue Orange, CA 4
    • 4 beds 2 baths ∙ 2,006 Sqft ∙ Built 1955 4 beds 2 baths ∙ 2,006 Sqft ∙ Built 1955
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.79
    •  
  • 1429 E Lomita Avenue Orange, CA 5
    • 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1956
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $2.07
    •  
PROPERTY LISTING DETAILS
Clayton Kilbarger
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20228280
Last Updated: 10/30/2020
BESbswy