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12571 Circula Panorama North Tustin, CA 92705

4 Beds 3 Baths 2,444 sqft Built 1989

$985,000

List Price

$4,060

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $403.03
  • 4 Days on Market
  • MLS # : OC20221287
  • Updated Date : 11/05/2020 at 19:37
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 feels incredible--soaring ceilings tower over the kitchen and the adjoining dining area, deck and living room, 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. Unique to this hillside home is a sizable usable flat yard for pets, sun-bathing, etc. The recently installed landscaping with sprinkler system is quite beautiful. The over-sized three car garage has ample storage space. Other unique features include parking pad for up to two additional cars and a state of the art full-home coverage security and camera system.

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MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Panorama Heights

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $205k1044k

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

Neighborhood: Panorama Heights

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2180020002200240026002800300032003400360038004000Rent in $16014166

* 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
Panorama Elementary School Primary Regular 414 14 9
Panorama Elementary School Middle Regular 414 14 9
El Modena High School High Regular 2,196 89 7

Panorama Elementary School

  • Education Level: Primary
  • # of students: 414
  • # of teachers: 14
9
GreatSchools Rating

Panorama Elementary School

  • Education Level: Middle
  • # of students: 414
  • # of teachers: 14
9
GreatSchools Rating

El Modena High School

  • Education Level: High
  • # of students: 2,196
  • # of teachers: 89
7
GreatSchools Rating
 

$886,500$1,083,500$985,000

PURCHASE PRICE

$3,654$4,466$4,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,060
EXPENSES Loan Payment -$3,634
Property Tax -$897
Property Insurance -$86
Property Management Fees -$199
CASH FLOW
-$756

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.

$985,000

PROJECTED PRICE

$4,060

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k

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$266,775

INVESTMENT

$266,775

Down Payment
$246,250
Rehab Estimate
$5,750
Closing Costs
$14,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,634

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $246,250
Loan Amount $738,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$17,765

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,060

    LIST RENT
  • $1.66

    LIST RENT PER SQFT
  • $4,020

    COMP ESTIMATED VALUE
  • $1.65

    COMP AVG. RENT PER SQFT
Comps Range
$3,350
1$3,3502$3,8003$3,9004$4,0005$4,060
$4,060
RENT COMPS ANALYSIS
  • 12571 Circula Panorama North Tustin, CA 5
    • 4 beds 4 baths ∙ 2,444 Sqft ∙ Built 1989 4 beds 4 baths ∙ 2,444 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,060
    • $1.66
    •  
  • 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
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.60
    •  
  • 17796 E Santa Clara Avenue Santa Ana, CA 2
    • 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 1978
    property image
    LEASED 05/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.63
    •  
  • 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
Stephanie Allen
Sestra Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20221287
Last Updated: 11/05/2020
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