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181 Zephyr Run Tustin, CA 92782

3 Beds 3 Baths 1,403 sqft Built 2005

$750,000

List Price

$2,980

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $534.57
  • 2 Days on Market
  • MLS # : OC21045276
  • Updated Date : 03/06/2021 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,403 sqft
  • Baths : 2 full , 1 half
Listing Agent

American Realty Services

Listing Agent's Description

Beautiful upgraded 3 bedroom 2 ½ baths located in Tustin Field townhome. Completely remodeled throughout with a spacious family room that opens into the dining area and kitchen. Upgraded kitchen with oversized windows to backyard for plenty of natural light. Downstairs powder room and direct access 2 car garage with plenty of space for storage. Upstairs boasts 3 generous sized bedrooms. Large master bed with master bath and large walk in closet with nicely upgraded flooring and oversized windows for bright and modern feel. 2 additional upstairs bedrooms have spacious closets and a shared hall bath with 2 sinks and a nice tub. Backyard is nicely finished with upgraded tiles and fresh plants with a tall wall for privacy.

SEE MORE

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 Legacy

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $272k946k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Tustin Legacy

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400360038004000420044004600Rent in $19814714

* 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
Venado Middle School Middle Regular 577 18 8
Irvine High School High Regular 1,968 64 9
Venado Middle School Middle Unknown NA

Venado Middle School

  • Education Level: Middle
  • # of students: 577
  • # of teachers: 18
8
GreatSchools Rating

Irvine High School

  • Education Level: High
  • # of students: 1,968
  • # of teachers: 64
9
GreatSchools Rating

Venado Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$675,000$825,000$750,000

PURCHASE PRICE

$2,682$3,278$2,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,980
EXPENSES Loan Payment -$2,605
Property Tax -$737
Property Insurance -$61
HOA -$220
Property Management Fees -$146
CASH FLOW
-$789

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$750,000

PROJECTED PRICE

$2,980

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
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

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$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,725

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,980

    LIST RENT
  • $2.12

    LIST RENT PER SQFT
  • $2,971

    COMP ESTIMATED VALUE
  • $2.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$2,9803$3,0004$3,1005$3,200
$3,200
RENT COMPS ANALYSIS
  • 181 Zephyr Run Tustin, CA 2
    • 3 beds 3 baths ∙ 1,403 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,403 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,980
    • $2.12
    •  
  • 208 Windy Lane Tustin, CA 1
    • 3 beds 3 baths ∙ 1,354 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,354 Sqft ∙ Built 2004
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.18
    •  
  • 62 Stratus Lane Tustin, CA 3
    • 3 beds 3 baths ∙ 1,403 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,403 Sqft ∙ Built 2005
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.14
    •  
  • 3 Del Cambrea Irvine, CA 4
    • 3 beds 3 baths ∙ 1,462 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,462 Sqft ∙ Built 1994
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.12
    •  
  • 30 Altezza Irvine, CA 5
    • 3 beds 3 baths ∙ 1,574 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,574 Sqft ∙ Built 1997
    LEASED 02/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.03
    •  
PROPERTY LISTING DETAILS
James Harvey
American Realty Services
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21045276
Last Updated: 03/06/2021
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