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13879 Arapahoe Tustin, CA 92782

4 Beds 3 Baths 2,177 sqft Built 1989

$925,900

List Price

$3,580

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $425.31
  • 2 Days on Market
  • MLS # : SW21013225
  • Updated Date : 01/30/2021 at 15:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,177 sqft
  • Baths : 2 full , 1 half
Listing Agent

Sunrise Realty And Financial Services

Listing Agent's Description

Located in the impeccable Tustin Ranch community offers a stunning single-family home in the Shadow Brook's neighborhood. Step inside and embrace vaulted ceilings giving off natural lighting to flow throughout! Grab a drink and entertain guests with a custom built-in wet bar. A separate living area and a family room offer privacy for the family. As we swing into the kitchen it offers a breakfast bar. Upstairs you will find a four-bedroom, space for an office, a nursery, or guest room! Located on the other end of the hallway, you can appreciate the privacy of the master bedroom. the walk-in closet has plenty of ample space. It also features a separate shower and bathtub along with his and hers dual vanity. It's a classic abode that can be customized to Style!

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Tustin

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $243k745k

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

Neighborhood: Tustin

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200Rent in $18443366

* 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
 

$833,310$1,018,490$925,900

PURCHASE PRICE

$3,222$3,938$3,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,580
EXPENSES Loan Payment -$3,216
Property Tax -$854
Property Insurance -$80
HOA -$110
Property Management Fees -$175
CASH FLOW
-$855

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$925,900

PROJECTED PRICE

$3,580

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$251,114

INVESTMENT

$251,114

Down Payment
$231,475
Rehab Estimate
$5,750
Closing Costs
$13,889

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $231,475
Loan Amount $694,425
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$6,851

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,580

    LIST RENT
  • $1.64

    LIST RENT PER SQFT
  • $3,538

    COMP ESTIMATED VALUE
  • $1.63

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,3003$3,5804$3,5955$3,800
$3,800
RENT COMPS ANALYSIS
  • 13879 Arapahoe Tustin, CA 3
    • 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,580
    • $1.64
    •  
  • 2460 San Simon Street Tustin, CA 1
    • 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 1997
    property image
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.68
    •  
  • 13422 Portal Tustin, CA 2
    • 3 beds 3 baths ∙ 2,007 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,007 Sqft ∙ Built 1989
    property image
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.64
    •  
  • 2242 Caper Tree Tustin, CA 4
    • 4 beds 1 baths ∙ 2,235 Sqft ∙ Built 1975 4 beds 1 baths ∙ 2,235 Sqft ∙ Built 1975
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,595
    • $1.61
    •  
  • 13441 Montecito Tustin, CA 5
    • 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 1989
    property image
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.57
    •  
PROPERTY LISTING DETAILS
Tess Murphy
Sunrise Realty And Financial Services
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21013225
Last Updated: 01/30/2021
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