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16799 Madrone Circle Fountain Valley, CA 92708

5 Beds 4 Baths 2,538 sqft Built 1964

$1,049,000

List Price

$3,990

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $413.32
  • 5 Days on Market
  • MLS # : PW20246296
  • Updated Date : 12/02/2020 at 12:47
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,538 sqft
  • Baths : 4 full
Listing Agent

Thomas Real Estate Group

Listing Agent's Description

Fabulous opportunity to purchase large two story family pool home. Great curb appeal. Large yard, many upgrades, gated front yard and entryway, cul de sac location. Rare five bedrooms with four baths. 5th bedroom currenlty is set up as an office. Great property for blended living, three beds and two baths down, upper level each bedroom is ensuite. Bright and light throughout. Sought after neighborhood with close proximity to schools, shopping and EZ access to 22/405 freeways. Relax in your entertainers yard with sparkling pool and lots of patio space for entertaining. Large grass front yard to play out with the kids/dog.Bathrooms remodeled, granite kitchen counter tops, breakfast counter and sunny eating nook.

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: Fountain Valley

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800kPrice in $243k816k

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

Neighborhood: Fountain Valley

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2180020002200240026002800300032003400Rent in $17723435

* 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
Urbain H. Plavan Elementary School Primary Regular 533 19 8
Kazuo Masuda Middle School Middle Regular 778 31 9
Fountain Valley High School High Regular 3,704 127 9

Urbain H. Plavan Elementary School

  • Education Level: Primary
  • # of students: 533
  • # of teachers: 19
8
GreatSchools Rating

Kazuo Masuda Middle School

  • Education Level: Middle
  • # of students: 778
  • # of teachers: 31
9
GreatSchools Rating

Fountain Valley High School

  • Education Level: High
  • # of students: 3,704
  • # of teachers: 127
9
GreatSchools Rating
 

$944,100$1,153,900$1,049,000

PURCHASE PRICE

$3,591$4,389$3,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,990
EXPENSES Loan Payment -$3,870
Property Tax -$1,032
Property Insurance -$88
Property Management Fees -$196
CASH FLOW
-$1,196

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.

$1,049,000

PROJECTED PRICE

$3,990

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$283,735

INVESTMENT

$283,735

Down Payment
$262,250
Rehab Estimate
$5,750
Closing Costs
$15,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,870

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $262,250
Loan Amount $786,750
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$4,264

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,990

    LIST RENT
  • $1.57

    LIST RENT PER SQFT
  • $4,327

    COMP ESTIMATED VALUE
  • $1.7

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$3,8503$3,9004$3,9905$4,000
$4,000
RENT COMPS ANALYSIS
  • 16799 Madrone Circle Fountain Valley, CA 4
    • 5 beds 4 baths ∙ 2,538 Sqft ∙ Built 1964 5 beds 4 baths ∙ 2,538 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $3,990
    • $1.57
    •  
  • 9721 El Greco Circle Fountain Valley, CA 1
    • 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1974
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.68
    •  
  • 9755 El Durango Circle Fountain Valley, CA 2
    • 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1972
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.70
    •  
  • 9735 El Durango Circle Fountain Valley, CA 3
    • 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1972
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.72
    •  
  • 9766 Shamrock Avenue Fountain Valley, CA 5
    • 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1973
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.72
    •  
PROPERTY LISTING DETAILS
Hillary Thomas
Thomas Real Estate Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20246296
Last Updated: 12/02/2020
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