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12679 Nicklaus Lane Tustin, CA 92782

3 Beds 3 Baths 1,848 sqft Built 1999

INVESTimate

$710,000

List Price

$3,160

$2,910 - $3,410

Rent Est.

$747,843  ( +5.33%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $384.20
  • 7 Days on Market
  • MLS # : OC20146604
  • Updated Date : 08/21/2020 at 05:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,848 sqft
  • Baths : 2 full , 1 half
Listing Agent

First Team Real Estate

Listing Agent's Description

Welcome to 12679 Nicklaus Lane, located in the very desirable neighborhood of Tustin Del Verde in Tustin Ranch. Largest plan - fabulous end unit condo overlooking one of the 2 beautiful pools. This tri-level condo features 1,848 square feet of living space, 3 bedrooms on upper level, 2.5 baths, lower level bonus room, and direct access to the attached 2-car garage. The home has a large concrete deck just off the front entrance offering views of one of the beautiful community pools. Gorgeous newer engineered wood floors as well as upgraded neutral carpet. Interior painted a neutral color. The lovely gourmet kitchen features white cabinets and tile counters, free-standing gas range w/oven, dishwasher, disposal and refrigerator. Washer and dryer are also included & located behind closet doors in the lower level bonus room. A cozy fireplace is located in the spacious living room w/dining room nearby. Staircase leads to the beautiful master bedroom suite with walls of windows showcasing the beautiful view. Luxurious master bath features a dual sink vanity, separate tub, and walk-in shower. Master includes a large walk-in closet as well as a wardrobe closet. 2nd & 3rd bedrooms share a hall bath with dual sink vanity and tub/shower. ENJOY resort style living w/community pool, spa & BBQ center. Just a short walk to Tustin Sports Park w/lighted tennis cts, award winning schools, Tustin Market Place, Tustin Ranch Golf Course & Peter's Canyon trails. Nearby shopping, dining & theaters.

SEE MORE

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: Tustin Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $272k934k

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

Neighborhood: Tustin Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2200022002400260028003000320034003600380040004200Rent in $19814273

* 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
Tustin Ranch Elementary School Primary Regular 679 23 7
Pioneer Middle School Middle Regular 1,248 43 8
Arnold O. Beckman High School High Regular 2,648 94 9

Tustin Ranch Elementary School

  • Education Level: Primary
  • # of students: 679
  • # of teachers: 23
7
GreatSchools Rating

Pioneer Middle School

  • Education Level: Middle
  • # of students: 1,248
  • # of teachers: 43
8
GreatSchools Rating

Arnold O. Beckman High School

  • Education Level: High
  • # of students: 2,648
  • # of teachers: 94
9
GreatSchools Rating
 

$639,000$781,000$710,000

PURCHASE PRICE

$2,844$3,476$3,160

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

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 $3,160
EXPENSES Loan Payment -$2,620
Property Tax -$699
Property Insurance -$72
HOA -$390
Property Management Fees -$155
CASH FLOW
-$775

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.

$710,000

PROJECTED PRICE

$3,160

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.33%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$193,900

INVESTMENT

$193,900

Down Payment
$177,500
Rehab Estimate
$5,750
Closing Costs
$10,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,620

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $177,500
Loan Amount $532,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,035

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,160

    LIST RENT
  • $1.71

    LIST RENT PER SQFT
  • $3,271

    COMP ESTIMATED VALUE
  • $1.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,970
1$2,9702$3,1003$3,1604$3,4505$3,500
$3,500
RENT COMPS ANALYSIS
  • 12679 Nicklaus Lane Tustin, 3
    • 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,160
    • $1.71
    •  
  • 2892 Player Lane Tustin, 1
    • 3 beds 3 baths ∙ 1,676 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,676 Sqft ∙ Built 1999
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,970
    • $1.77
    •  
  • 12421 N La Coste Drive Tustin, 2
    • 3 beds 3 baths ∙ 1,740 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,740 Sqft ∙ Built 1994
    property image
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.78
    •  
  • 3036 E Snead Place Tustin, 4
    • 3 beds 3 baths ∙ 1,937 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,937 Sqft ∙ Built 1997
    property image
    LEASED 07/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.78
    •  
  • 52 Willowhurst Irvine, 5
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2000
    property image
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.75
    •  
PROPERTY LISTING DETAILS
Rosemary Kral
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20146604
Last Updated: 08/21/2020
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