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13771 Holt Avenue North Tustin, CA 92705

4 Beds 3 Baths 2,856 sqft Built 1963

$800,000

List Price

$3,870

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $280.11
  • 4 Days on Market
  • MLS # : OC21023488
  • Updated Date : 02/04/2021 at 13:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,856 sqft
  • Baths : 2 full , 1 half
Listing Agent

Surterre Properties Inc

Listing Agent's Description

FIXER. Single story with pool in desirable location.

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
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
 

$720,000$880,000$800,000

PURCHASE PRICE

$3,483$4,257$3,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,870
EXPENSES Loan Payment -$2,779
Property Tax -$762
Property Insurance -$96
Property Management Fees -$190
CASH FLOW
$44

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.

$800,000

PROJECTED PRICE

$3,870

PROJECTED RENT

0.48%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,750

INVESTMENT

$217,750

Down Payment
$200,000
Rehab Estimate
$5,750
Closing Costs
$12,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,779

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $200,000
Loan Amount $600,000
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$57,744

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,870

    LIST RENT
  • $1.36

    LIST RENT PER SQFT
  • $4,263

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$3,495
1$3,4952$3,7003$3,8704$4,0005$4,800
$4,800
RENT COMPS ANALYSIS
  • 13771 Holt Avenue North Tustin, CA 3
    • 4 beds 3 baths ∙ 2,856 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,856 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $3,870
    • $1.36
    •  
  • 13121 Shasta Way North Tustin, CA 1
    • 3 beds 3 baths ∙ 2,550 Sqft ∙ Built 1953 3 beds 3 baths ∙ 2,550 Sqft ∙ Built 1953
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.37
    •  
  • 13501 Prospect Avenue Santa Ana, CA 2
    • 4 beds 3 baths ∙ 2,511 Sqft ∙ Built 1955 4 beds 3 baths ∙ 2,511 Sqft ∙ Built 1955
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.47
    •  
  • 17661 Orange Tree Lane Tustin, CA 4
    • 4 beds 3 baths ∙ 2,607 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,607 Sqft ∙ Built 1965
    LEASED 02/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.53
    •  
  • 13611 Yorba Street North Tustin, CA 5
    • 4 beds 2 baths ∙ 3,000 Sqft ∙ Built 1948 4 beds 2 baths ∙ 3,000 Sqft ∙ Built 1948
    LEASED 12/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $1.60
    •  
PROPERTY LISTING DETAILS
Liz Ryan
Surterre Properties Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21023488
Last Updated: 02/04/2021
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