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PROPERTY INFO
FACTS
- Single Family
- Built In 1962
- Price/Sqft : $382.54
- 3 Days on Market
- MLS # : 200052308
- Updated Date : 11/20/2020 at 20:20
CONSTRUCTION
- Beds : 5
- Floor Size : 1,775 sqft
- Baths : 2 full
Listing Agent
Realty Sales Pros, Inc.
Listing Agent's Description
FANTASTIC-FAB-FIXER - TIME IS $$MONEY$$ - DON'T DELAY CHECK OUT THIS DETACHED HOME IN THE CITY OF TUSTIN IN A GREAT NEIGHBORHOOD. FEATURING 1,775 SF - 5 BEDROOMS, 2 BATHS AND 2 CAR GARAGE ON A LARGE 7,474 LOT CASH ONLY (NO FHA, VA, CONV LOANS) - CASH ONLY - SUBMIT BONA-FIDE OFFER WITH PROOF OF FUNDS. PRICED TO SELL TODA WAITING FOR YOUR "REMODEL/FLIP CONCEPT" --- TO TURN THIS FINE PROPERTY INTO THE PROFITABLE SALE ONLY YOU KNOW HOW TO DO -- - READY TO GO TODAY. NEAR LOCAL SHOPS, STORES, MARKET, 5/405 Other Fees: 0 Sewer: Sewer Connected, Public Sewer Topography: LL
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MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Tustin
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tustin
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,300 |
| EXPENSES | Loan Payment | -$2,505 |
| Property Tax | -$690 | |
| Property Insurance | -$70 | |
| Property Management Fees | -$162 | |
|
CASH FLOW
-$127
|
||
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.
$679,000
PROJECTED PRICE
$3,300
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$185,685
LOAN DETAILS
$2,505
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $169,750 |
| Loan Amount | $509,250 |
5.33
YEARS SAVED
$45,128
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,300
LIST RENT -
$1.86
LIST RENT PER SQFT
-
$3,550
COMP ESTIMATED VALUE -
$2
COMP AVG. RENT PER SQFT
Comps Range
-
15621 California Tustin, CA 3
- 5 beds 2 baths ∙ 1,775 Sqft ∙ Built 1962 5 beds 2 baths ∙ 1,775 Sqft ∙ Built 1962
![property image]()
- Rent
- Rent Per SQFT
- $3,300
- $1.86
-
17481 Via Calma Tustin, CA 1
- 4 beds 3 baths ∙ 1,452 Sqft ∙ Built 1972 4 beds 3 baths ∙ 1,452 Sqft ∙ Built 1972
![property image]()
LEASED 07/10/19- Rent
- Rent Per SQFT
- $2,850
- $1.96
-
1272 Langdale Lane Tustin, CA 2
- 4 beds 2 baths ∙ 1,514 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,514 Sqft ∙ Built 1968
![property image]()
LEASED 10/16/19- Rent
- Rent Per SQFT
- $3,200
- $2.11
-
1651 Amherst Road Tustin, CA 4
- 4 beds 3 baths ∙ 1,696 Sqft ∙ Built 1969 4 beds 3 baths ∙ 1,696 Sqft ∙ Built 1969
![property image]()
LEASED 10/08/20- Rent
- Rent Per SQFT
- $3,350
- $1.98
-
13362 Epping Way Tustin, CA 5
- 4 beds 3 baths ∙ 2,028 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,028 Sqft ∙ Built 1964
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $3,950
- $1.95
PROPERTY LISTING DETAILS
Realty Sales Pros, Inc.
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: 200052308
Last Updated: 11/20/2020
