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17496 Via Calma #43 Tustin, CA 92780

3 Beds 2 Baths 1,068 sqft Built 1972

$597,500

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $559.46
  • 5 Days on Market
  • MLS # : PW21043958
  • Updated Date : 03/03/2021 at 14:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,068 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

BEST LOCATION IN THE PARK TUSTIN COMPLEX. GROUND LEVEL. THIS COMPLEX HAS BEEN RECENTLY UPGRADED WITH NEW PAINT, STUCCO & ROOFS. NOW CHECKOUT THE UPGRADES INSIDE: ALL THE KITCHEN APPLIANCES, STOVE/OVEN, MICROWAVE, STREAMLINE REFRIGERATOR, DISHWASHER, GARBAGE DISPOSAL, SINK, FAUCET AND LIGHTING. ALL NEW CARPET, BATHROOM FLOORING, PAINT, WINDOW COVERINGS, TOILETS, FAUCETS AND BATHROOM FIXTURES. WITH UPGRADED LANDSCAPING, REFINISHED DECK AND GARDEN AREA. ANOTHER BIG FEATURE IS RECENTLY REPLACED HEATER & A/C. DIRECT ACCESS TO THE GARAGE TOO. LOTS OF GUEST PARKING. UPGRADED AND READY TO MOVE-IN. LOCATION, LOCATION, LOCATION BEST IN THE CITY OF TUSTIN. WALK TO ENDERLE CENTER WITH RESTAURANTS, SHOPS, BANK & FITNESS CENTER. THIS PROPERTY IS VERY, VERY EASY TO SHOW, CALL WITH YOUR QUESTIONS!

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MARKET HIGHLIGHTS

  • 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)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (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
 

$537,750$657,250$597,500

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$2,075
Property Tax -$611
Property Insurance -$53
HOA -$285
Property Management Fees -$118
CASH FLOW
-$742

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.

$597,500

PROJECTED PRICE

$2,400

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,088

INVESTMENT

$164,088

Down Payment
$149,375
Rehab Estimate
$5,750
Closing Costs
$8,963

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,075

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,375
Loan Amount $448,125
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$304

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $2.25

    LIST RENT PER SQFT
  • $2,390

    COMP ESTIMATED VALUE
  • $2.24

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4003$2,4254$3,0005$3,200
$3,200
RENT COMPS ANALYSIS
  • 17496 Via Calma Tustin, CA 2
    • 3 beds 2 baths ∙ 1,068 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,068 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.25
    •  
  • 2441 Deodar Street Santa Ana, CA 1
    • 3 beds 2 baths ∙ 1,140 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,140 Sqft ∙ Built 1971
    LEASED 03/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.11
    •  
  • 17341 Via Lindo Tustin, CA 3
    • 3 beds 2 baths ∙ 1,068 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,068 Sqft ∙ Built 1972
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,425
    • $2.27
    •  
  • 924 Dayna Street Santa Ana, CA 4
    • 3 beds 2 baths ∙ 1,313 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,313 Sqft ∙ Built 1958
    LEASED 02/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.28
    •  
  • 17872 Theodora Drive Tustin, CA 5
    • 3 beds 1 baths ∙ 1,398 Sqft ∙ Built 1956 3 beds 1 baths ∙ 1,398 Sqft ∙ Built 1956
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.29
    •  
PROPERTY LISTING DETAILS
Richard Thorson
Coldwell Banker Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21043958
Last Updated: 03/03/2021
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