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2750 W Madison Circle Anaheim, CA 92801

4 Beds 4 Baths 2,271 sqft Built 2006

INVESTimate

$759,000

List Price

$3,100

$2,850 - $3,350

Rent Est.

$811,447  ( +6.91%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $334.21
  • 6 Days on Market
  • MLS # : OC20170719
  • Updated Date : 08/21/2020 at 19:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,271 sqft
  • Baths : 3 full , 1 half
Listing Agent

One Stop Realty And Financial

Listing Agent's Description

GORGEOUS HOME!!.. In the prestigious Community in Anaheim, features 4 bedrooms, 3.5 bath, and 2271 living sqft, with one bedroom on the main floor. Entrance impressed guests with the spacious open-floor plan, leading to beautiful living room and stylist kitchen, with gorgeous granite countertop and modern craftsmanship cabinets. Built in 2006, the property is just like a NEW Home with lots of upgrades: recessed lightings, dual pane windows with shutters, ceramic tiles floor in the kitchen, etc. Spacious master suite offers elegant shower and tub, huge walk-in closets, and modern dual-vanities with Jack-and Jill. Extra Loft up stair is perfect for small office or family entertainment room. Good size backyard is perfect for family gathering. Attached 2 car garage with direct access. READY-TO-MOVE IN . Community playground. Very Low HOA, NO Mello Roose. plus near great schools, shopping centers, excellent dining areas and freeways. -- It ‘s a MUST SEE!!

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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: West Anaheim

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $212k742k

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

Neighborhood: West Anaheim

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $15413345

* 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
Dr. Peter Marshall Elementary School Primary Regular 657 24 8
Dr. Peter Marshall Elementary School Middle Regular 657 24 8
Savanna High School High Regular 2,055 73 3

Dr. Peter Marshall Elementary School

  • Education Level: Primary
  • # of students: 657
  • # of teachers: 24
8
GreatSchools Rating

Dr. Peter Marshall Elementary School

  • Education Level: Middle
  • # of students: 657
  • # of teachers: 24
8
GreatSchools Rating

Savanna High School

  • Education Level: High
  • # of students: 2,055
  • # of teachers: 73
3
GreatSchools Rating
 

$683,100$834,900$759,000

PURCHASE PRICE

$2,790$3,410$3,100

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,100
EXPENSES Loan Payment -$2,800
Property Tax -$767
Property Insurance -$82
HOA -$102
Property Management Fees -$152
CASH FLOW
-$803

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$759,000

PROJECTED PRICE

$3,100

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.91%
Maintenance Year (1-5) 8.00%
Vacancy 4.35%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$206,885

INVESTMENT

$206,885

Down Payment
$189,750
Rehab Estimate
$5,750
Closing Costs
$11,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,800

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $189,750
Loan Amount $569,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$6,497

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,100

    LIST RENT
  • $1.37

    LIST RENT PER SQFT
  • $3,285

    COMP ESTIMATED VALUE
  • $1.45

    COMP AVG. RENT PER SQFT
Comps Range
$2,995
1$2,9952$3,1003$3,1004$3,200
$3,200
RENT COMPS ANALYSIS
  • 2750 W Madison Circle Anaheim, 3
    • 4 beds 4 baths ∙ 2,271 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,271 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.37
    •  
  • 2115 W Cherrywood Lane Anaheim, 1
    • 4 beds 3 baths ∙ 2,048 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,048 Sqft ∙ Built 2000
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.46
    •  
  • 205 N Santa Maria Street Anaheim, 2
    • 3 beds 3 baths ∙ 2,125 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,125 Sqft ∙ Built 2005
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.46
    •  
  • 2365 W Canopy Lane Anaheim, 4
    • 3 beds 3 baths ∙ 2,249 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,249 Sqft ∙ Built 2004
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.42
    •  
PROPERTY LISTING DETAILS
Dewey On
One Stop Realty And Financial
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20170719
Last Updated: 08/21/2020
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