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13512 Woodglen Drive North Tustin, CA 92705

4 Beds 3 Baths 2,555 sqft Built 1968

$1,124,900

List Price

$3,910

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $440.27
  • 3 Days on Market
  • MLS # : DW20239176
  • Updated Date : 11/13/2020 at 10:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,555 sqft
  • Baths : 3 full
Listing Agent

Century 21 Peak

Listing Agent's Description

Move in ready home across from Foothill High School. Remodeled kitchen and baths. Fireplace in family room, living room, and master bedroom. One bedroom downstairs used as an office. Quart countertops and crushed marble in master bath. Wine refrigerator in kitchen. Newer appliances. Newer AC. Two eating areas off kitchen. Pool and spa. 3 car garage. Flooring is carpet and engineered wood.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: East Tustin

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $205k922k

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

Neighborhood: East 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
Arroyo Elementary School Primary Regular 622 20 9
Hewes Middle School Middle Regular 958 32 8
Foothill High School High Regular 2,526 94 9

Arroyo Elementary School

  • Education Level: Primary
  • # of students: 622
  • # of teachers: 20
9
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
 

$1,012,410$1,237,390$1,124,900

PURCHASE PRICE

$3,519$4,301$3,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,910
EXPENSES Loan Payment -$4,150
Property Tax -$1,071
Property Insurance -$89
Property Management Fees -$192
CASH FLOW
-$1,592

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.

$1,124,900

PROJECTED PRICE

$3,910

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.3%
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-$30k-$25k-$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$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$303,849

INVESTMENT

$303,849

Down Payment
$281,225
Rehab Estimate
$5,750
Closing Costs
$16,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,150

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $281,225
Loan Amount $843,675
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$408

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,910

    LIST RENT
  • $1.53

    LIST RENT PER SQFT
  • $3,909

    COMP ESTIMATED VALUE
  • $1.53

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$3,8003$3,9104$3,9955$4,250
$4,250
RENT COMPS ANALYSIS
  • 13512 Woodglen Drive North Tustin, CA 3
    • 4 beds 3 baths ∙ 2,555 Sqft ∙ Built 1968 4 beds 3 baths ∙ 2,555 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $3,910
    • $1.53
    •  
  • 1011 Hyde Park Drive North Tustin, CA 1
    • 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 1967
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.65
    •  
  • 1171 La Limonar Road North Tustin, CA 2
    • 5 beds 3 baths ∙ 2,745 Sqft ∙ Built 1963 5 beds 3 baths ∙ 2,745 Sqft ∙ Built 1963
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.38
    •  
  • 13591 Woodglen Drive Santa Ana, CA 4
    • 4 beds 3 baths ∙ 2,749 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,749 Sqft ∙ Built 1967
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.45
    •  
  • 13632 Carlsbad Drive Santa Ana, CA 5
    • 4 beds 3 baths ∙ 2,587 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,587 Sqft ∙ Built 1964
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $1.64
    •  
PROPERTY LISTING DETAILS
Steve Roberson
Century 21 Peak
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW20239176
Last Updated: 11/13/2020
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