Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

13772 Brenan Way Santa Ana, CA 92705

3 Beds 2 Baths 2,179 sqft Built 1958

$1,060,000

List Price

$3,460

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $486.46
  • 58 Days on Market
  • MLS # : PW20237488
  • Updated Date : 11/23/2020 at 13:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,179 sqft
  • Baths : 1 full , 1 half
Listing Agent

Meagher Realty, Inc.

Listing Agent's Description

North Tustin 3 bedroom 3 bath ranch style single family home on over a 10,000 square foot lot. Enjoy the large front entry porch as you enter this home featuring an open floor plan. Upgrades/amenities include newer composition shingle roof (2017) w/seven solar tubes, three zone heating and air conditioning system, dual water heaters, partial dual pane windows, bamboo hardwood flooring throughout (excluding bathrooms), kitchen w/island, granite countertops, stainless steel convection oven/microwave and magnetic induction cooktop, master bathroom w/walk-in tile shower, ceramic tile flooring and granite vanity top, full bathroom with tub/shower combo w/tile walls and corian vanity top, utility bathroom w/ceramic tile flooring and corian vanity top, ceiling fans in family room, dining room and three bedrooms and recessed lighting in kitchen and family room. Along with the two car attached garage comes extra parking space for cars, RV, trailer, camper or boat? Entertainer's/gardener's delight backyard w/covered patio, enclosed patio room, fruit trees and planter boxes. Centrally located to shopping, restaurants, freeways and award winning schools.

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
 

$954,000$1,166,000$1,060,000

PURCHASE PRICE

$3,114$3,806$3,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,460
EXPENSES Loan Payment -$3,682
Property Tax -$1,012
Property Insurance -$80
Property Management Fees -$170
CASH FLOW
-$1,483

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.

$1,060,000

PROJECTED PRICE

$3,460

PROJECTED RENT

0.33%

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-$25k-$20k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$286,650

INVESTMENT

$286,650

Down Payment
$265,000
Rehab Estimate
$5,750
Closing Costs
$15,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,682

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $265,000
Loan Amount $795,000
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$156

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,460

    LIST RENT
  • $1.59

    LIST RENT PER SQFT
  • $3,519

    COMP ESTIMATED VALUE
  • $1.62

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2953$3,3504$3,4605$3,500
$3,500
RENT COMPS ANALYSIS
  • 13772 Brenan Way Santa Ana, CA 4
    • 3 beds 2 baths ∙ 2,179 Sqft ∙ Built 1958 3 beds 2 baths ∙ 2,179 Sqft ∙ Built 1958
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,460
    • $1.59
    •  
  • 13111 Hewes Avenue Santa Ana, CA 1
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1978
    property image
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.60
    •  
  • 18141 Casselle Avenue Santa Ana, CA 2
    • 3 beds 3 baths ∙ 2,155 Sqft ∙ Built 1956 3 beds 3 baths ∙ 2,155 Sqft ∙ Built 1956
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.53
    •  
  • 1121 Castlegate Lane Santa Ana, CA 3
    • 3 beds 3 baths ∙ 2,035 Sqft ∙ Built 1969 3 beds 3 baths ∙ 2,035 Sqft ∙ Built 1969
    property image
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.65
    •  
  • 13807 Hewes Avenue North Tustin, CA 5
    • 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 1961 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 1961
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.68
    •  
PROPERTY LISTING DETAILS
James Meagher
Meagher Realty, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20237488
Last Updated: 11/23/2020
BESbswy