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13192 Ethelbee Way Santa Ana, CA 92705

3 Beds 3 Baths 1,841 sqft Built 1955

$950,000

List Price

$3,320

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $516.02
  • 3 Days on Market
  • MLS # : PW21151161
  • Updated Date : 07/12/2021 at 09:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,841 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Award

Listing Agent's Description

Beautiful house, although at the moment it is in need of TLC, and can be considered a fixer, large 13,400 Square Feet Lot. Pool home 1841 Square Feet home.3 bedrooms ,2.5 Bath, Wood floors, Fireplace in living room. 2019 Air condition and furnace. Long driveway. Should be suitable for a RV. 50 yr roof. Home sits towards front of large lot leaving a lot of space in the rear of the home. ADU?

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]

PRICE & RENT TRENDS

Neighborhood: North Tustin

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900kPrice in $205k964k

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

Neighborhood: North Tustin

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q218002000220024002600280030003200340036003800Rent in $16013818

* 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
Loma Vista Elementary School Primary Regular 540 19 5
Hewes Middle School Middle Regular 958 32 8
Foothill High School High Regular 2,526 94 9

Loma Vista Elementary School

  • Education Level: Primary
  • # of students: 540
  • # of teachers: 19
5
GreatSchools Rating

Hewes Middle School

  • Education Level: Middle
  • # of students: 958
  • # of teachers: 32
8
GreatSchools Rating

Foothill High School

  • Education Level: High
  • # of students: 2,526
  • # of teachers: 94
9
GreatSchools Rating
 

$855,000$1,045,000$950,000

PURCHASE PRICE

$2,988$3,652$3,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,320
EXPENSES Loan Payment -$3,300
Property Tax -$923
Property Insurance -$72
Property Management Fees -$163
CASH FLOW
-$1,136

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.

$950,000

PROJECTED PRICE

$3,320

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,500

INVESTMENT

$257,500

Down Payment
$237,500
Rehab Estimate
$5,750
Closing Costs
$14,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,300

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $237,500
Loan Amount $712,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$952

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,320

    LIST RENT
  • $1.8

    LIST RENT PER SQFT
  • $3,530

    COMP ESTIMATED VALUE
  • $1.92

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,3203$3,7004$3,7005$3,900
$3,900
RENT COMPS ANALYSIS
  • 13192 Ethelbee Way Santa Ana, CA 2
    • 3 beds 3 baths ∙ 1,841 Sqft ∙ Built 1955 3 beds 3 baths ∙ 1,841 Sqft ∙ Built 1955
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,320
    • $1.80
    •  
  • 13061 Fairmont Way North Tustin, CA 1
    • 3 beds 1 baths ∙ 1,532 Sqft ∙ Built 1954 3 beds 1 baths ∙ 1,532 Sqft ∙ Built 1954
    property image
    LEASED 01/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.96
    •  
  • 13141 Crestline Drive North Tustin, CA 3
    • 3 beds 2 baths ∙ 1,974 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,974 Sqft ∙ Built 1956
    property image
    LEASED 04/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.87
    •  
  • 13242 Wheeler Place North Tustin, CA 4
    • 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 1958 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 1958
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.89
    •  
  • 465 S Tracy Lane Orange, CA 5
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1974
    property image
    LEASED 03/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.95
    •  
PROPERTY LISTING DETAILS
Richard Lobin
Century 21 Award
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21151161
Last Updated: 07/12/2021
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