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14311 Pinewood Road Tustin, CA 92780

4 Beds 3 Baths 1,801 sqft Built 1974

$815,000

List Price

$3,230

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $452.53
  • 5 Days on Market
  • MLS # : OC21000450
  • Updated Date : 01/09/2021 at 09:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,801 sqft
  • Baths : 2 full , 1 half
Listing Agent

Cindy Bacigalupo, Broker

Listing Agent's Description

4 bedrooms are the new 3! This is it! Coveted quiet Greenbelt adjacent rare location within the community, 1800 square feet of gorgeous remodel features plenty of room for work and study areas, 4 spacious bedrooms including an entry level primary suite, formal dining plus breakfast nook, 2 car garage, and 2.5 baths. The upstairs full bathroom features a rare dual sink vanity, bathtub and subway tile. Check out the Luxury waterproof vinyl plank flooring, all new dual pane vinyl windows and sliding doors, recessed lighting, quartz countertops throughout, mirrored closet doors, soft close kitchen cabinet drawers, built in pull out spice rack and lazy susan. Dramatic vaulted ceilings and cozy, eye catching shiplap fireplace offer the perfect place to recharge. All this within Fabulous neighborhood near the district and Tustin Marketplace and minutes from Irvine. Low HOA, Tennis Courts, Pool, Onsite RV storage available for a small fee, inquire with HOA.

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: 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
W. R. Nelson Elementary School Primary Regular 643 22 4
Utt Middle School Middle Regular 945 34 5
Tustin High School High Regular 2,304 86 7

W. R. Nelson Elementary School

  • Education Level: Primary
  • # of students: 643
  • # of teachers: 22
4
GreatSchools Rating

Utt Middle School

  • Education Level: Middle
  • # of students: 945
  • # of teachers: 34
5
GreatSchools Rating

Tustin High School

  • Education Level: High
  • # of students: 2,304
  • # of teachers: 86
7
GreatSchools Rating
 

$733,500$896,500$815,000

PURCHASE PRICE

$2,907$3,553$3,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,230
EXPENSES Loan Payment -$2,831
Property Tax -$739
Property Insurance -$71
HOA -$132
Property Management Fees -$158
CASH FLOW
-$700

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.

$815,000

PROJECTED PRICE

$3,230

PROJECTED RENT

0.40%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$221,725

INVESTMENT

$221,725

Down Payment
$203,750
Rehab Estimate
$5,750
Closing Costs
$12,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,831

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $203,750
Loan Amount $611,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$7,792

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,230

    LIST RENT
  • $1.79

    LIST RENT PER SQFT
  • $3,228

    COMP ESTIMATED VALUE
  • $1.79

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,1003$3,2004$3,2305$3,300
$3,300
RENT COMPS ANALYSIS
  • 14311 Pinewood Road Tustin, CA 4
    • 4 beds 3 baths ∙ 1,801 Sqft ∙ Built 1974 4 beds 3 baths ∙ 1,801 Sqft ∙ Built 1974
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,230
    • $1.79
    •  
  • 2321 Sable Tree Circle Tustin, CA 1
    • 4 beds 2 baths ∙ 1,649 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,649 Sqft ∙ Built 1974
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.82
    •  
  • 13418 Via Don Benito Tustin, CA 2
    • 3 beds 3 baths ∙ 1,770 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,770 Sqft ∙ Built 1989
    property image
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.75
    •  
  • 13709 Comanche Tustin, CA 3
    • 3 beds 3 baths ∙ 1,804 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,804 Sqft ∙ Built 1989
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.77
    •  
  • 14381 Morning Glory Road Tustin, CA 5
    • 4 beds 2 baths ∙ 1,801 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,801 Sqft ∙ Built 1974
    property image
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.83
    •  
PROPERTY LISTING DETAILS
Cindy Bacigalupo
Cindy Bacigalupo, Broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21000450
Last Updated: 01/09/2021
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