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17376 Via Calma #68 Tustin, CA 92780

3 Beds 2 Baths 1,068 sqft Built 1972

$548,888

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
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

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
Guin Foss Elementary School Primary Regular 452 16 8
Columbus Tustin Middle School Middle Magnet 938 34 5
Foothill High School High Regular 2,526 94 9

Guin Foss Elementary School

  • Education Level: Primary
  • # of students: 452
  • # of teachers: 16
8
GreatSchools Rating

Columbus Tustin Middle School

  • Education Level: Middle
  • # of students: 938
  • # of teachers: 34
5
GreatSchools Rating

Foothill High School

  • Education Level: High
  • # of students: 2,526
  • # of teachers: 94
9
GreatSchools Rating
 

$493,999$603,777$548,888

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

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

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,205

INVESTMENT

$151,205

Down Payment
$137,222
Rehab Estimate
$5,750
Closing Costs
$8,233

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,906

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,222
Loan Amount $411,666
See What Happens When You Reinvest Cash Flow

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
$2,290
1$2,2902$2,4253$2,6004$2,7005$3,200
$3,200
RENT COMPS ANALYSIS
  • 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
Valerie Van De Zilver
Exp Realty Of California
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21012540
Last Updated: 01/23/2021
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