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PROPERTY INFO
FACTS
- Single Family
- Built In 1972
- Price/Sqft : $513.94
- 5 Days on Market
- MLS # : PW21012540
- Updated Date : 01/23/2021 at 06:01
CONSTRUCTION
- Beds : 3
- Floor Size : 1,068 sqft
- Baths : 2 full
Listing Agent
Exp Realty Of California
Listing Agent's Description
**Welcome to 17376 Via Calma, Tustin, CA**Upgraded and Ready to Welcome a New Owner!**One-Story with 3 Bedrooms/2 Baths**End Unit Location With NO ONE ON ONE SIDE!**Newly Completed Improvements Make This A Special Find**New Laminate Flooring and Fresh Paint presents a Neutral Canvas for You to Furnish the Home with Your Personal Touches**Master Suite Features Two Mirrored Closets, Dressing Area, and is Spacious Enough for a King Size Bed**Bedrooms #2 and #3 Include Mirrored Closet Doors**New Kitchen Appliances include New Dishwasher, New Electric Stove and New Microwave**Eating Area is Ideal for Special Occasion meals as well as quick snack**New Heating and Air Conditioning**New Bathroom Vanities and Sinks**New Bathroom Fixtures**Looking for Outside Space? Private Rear Wrap-Around Yard Offers Plenty of Room to BBQ, Garden, Relax, Entertain**Convenient Attached Garage and Private Parking Space**Lots of Privacy with Park-like Area in the Front**Pack Your Bags and Move Right In!**Walk to Enderle Center for Dining, Coffee/Snacks**Shopping is Close-By, Freeway Access is Close**Ideal Location for Dining, Shopping, Entertainment and Sports Venues**Close to The District, The Marketplace, Downtown Tustin, Disneyland & Beaches**Looking for Clean, Spacious, Move-In Ready?**Come See 17376 Via Calma**
SEE MORE
MARKET HIGHLIGHTS
- 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.
- Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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 | $2,290 |
| EXPENSES | Loan Payment | -$1,906 |
| Property Tax | -$561 | |
| Property Insurance | -$53 | |
| HOA | -$285 | |
| Property Management Fees | -$112 | |
|
CASH FLOW
-$628
|
||
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.
$548,888
PROJECTED PRICE
$2,290
PROJECTED RENT
0.42%
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
$151,205
LOAN DETAILS
$1,906
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $137,222 |
| Loan Amount | $411,666 |
0.42
YEARS SAVED
$660
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,290
LIST RENT -
$2.14
LIST RENT PER SQFT
-
$2,283
COMP ESTIMATED VALUE -
$2.14
COMP AVG. RENT PER SQFT
Comps Range
-
17376 Via Calma Tustin, CA 1
- 3 beds 2 baths ∙ 1,068 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,068 Sqft ∙ Built 1972
![property image]()
- Rent
- Rent Per SQFT
- $2,290
- $2.14
-
17341 Via Lindo Tustin, CA 2
- 3 beds 2 baths ∙ 1,068 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,068 Sqft ∙ Built 1972
![property image]()
LEASED 01/04/21- Rent
- Rent Per SQFT
- $2,425
- $2.27
-
457 E 1st Street Tustin, CA 3
- 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1964
![property image]()
LEASED 02/28/20- Rent
- Rent Per SQFT
- $2,600
- $1.97
-
12700 Newport Avenue Tustin, CA 4
- 3 beds 2 baths ∙ 1,336 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,336 Sqft ∙ Built 1969
![property image]()
LEASED 08/24/20- Rent
- Rent Per SQFT
- $2,700
- $2.02
-
17872 Theodora Drive Tustin, CA 5
- 3 beds 1 baths ∙ 1,398 Sqft ∙ Built 1956 3 beds 1 baths ∙ 1,398 Sqft ∙ Built 1956
![property image]()
LEASED 01/08/21- Rent
- Rent Per SQFT
- $3,200
- $2.29
PROPERTY LISTING DETAILS
Exp Realty Of California
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW21012540
Last Updated: 01/23/2021
