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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $421.44
- 7 Days on Market
- MLS # : OC20245721
- Updated Date : 11/28/2020 at 08:28
CONSTRUCTION
- Beds : 4
- Floor Size : 2,444 sqft
- Baths : 3 full
Listing Agent
Sestra Realty
Listing Agent's Description
Nestled in the hills of North Tustin, this home captures the true essence of tranquil hillside living with sweeping unobstructed panoramic views. This sought-after neighborhood offers privacy, custom homes and large lots. This expansive home, tastefully remodeled throughout, overlooks the valley toward Orange Hills and Orange Hills Acres. The spaciousness and flow of the upstairs living area is enhanced by soaring ceilings and the openness of the adjoining kitchen, dining room, deck and living room areas, all surrounded by banks of huge windows allowing for privacy and an incredible open feel. The lay out is conducive to home/office separation with 2 bedrooms upstairs and 2 down, of which, 3 are masters--each with en suite bath and walk-in closet. Other features include direct garage access from the kitchen, a separate den downstairs away from the main upstairs living areas and a wonderful custom sanctuary master area (1 of the 3 en suites)--a possible mother-in-law area. The over-sized three car garage has ample storage space. Other unique features include parking pad for up to two additional cars, a state of the art full-home coverage security and camera system and substantial storage areas under the home.
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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: Panorama Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Panorama Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,030 |
| EXPENSES | Loan Payment | -$3,800 |
| Property Tax | -$938 | |
| Property Insurance | -$86 | |
| Property Management Fees | -$197 | |
|
CASH FLOW
-$992
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$1,030,000
PROJECTED PRICE
$4,030
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.08% |
| Appreciation Year (1-5) | 7.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.81% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$278,700
LOAN DETAILS
$3,800
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $257,500 |
| Loan Amount | $772,500 |
1.42
YEARS SAVED
$8,765
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,030
LIST RENT -
$1.65
LIST RENT PER SQFT
-
$4,002
COMP ESTIMATED VALUE -
$1.64
COMP AVG. RENT PER SQFT
Comps Range
-
12571 Circula Panorama North Tustin, CA 5
- 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 1989
![property image]()
- Rent
- Rent Per SQFT
- $4,030
- $1.65
-
192 N Roth Lane Orange, CA 1
- 4 beds 2 baths ∙ 2,098 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,098 Sqft ∙ Built 1978
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LEASED 07/23/20- Rent
- Rent Per SQFT
- $3,350
- $1.60
-
8124 E Sprucewood Avenue Orange, CA 2
- 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1988
![property image]()
LEASED 09/11/20- Rent
- Rent Per SQFT
- $3,600
- $1.60
-
7115 E Breighton Circle Orange, CA 3
- 4 beds 3 baths ∙ 2,482 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,482 Sqft ∙ Built 1976
![property image]()
LEASED 06/05/19- Rent
- Rent Per SQFT
- $3,900
- $1.57
-
6421 E Kings Crown Road Orange, CA 4
- 3 beds 3 baths ∙ 2,249 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,249 Sqft ∙ Built 1987
![property image]()
LEASED 01/23/20- Rent
- Rent Per SQFT
- $4,000
- $1.78
PROPERTY LISTING DETAILS
Sestra Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC20245721
Last Updated: 11/28/2020
