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2321 Sugar Maple Place Tustin, CA 92782

3 Beds 3 Baths 1,400 sqft Built 1987

$685,000

List Price

$2,790

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $489.29
  • 7 Days on Market
  • MLS # : PW21059962
  • Updated Date : 03/26/2021 at 15:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,400 sqft
  • Baths : 2 full , 1 half
Listing Agent

Impact Properties, Inc

Listing Agent's Description

Welcome to this beautiful home in the Sycamore Glen community! As you enter the front door, you are met with the spacious living room and a perfect view to the fireplace with upgraded granite. The same upgraded granite can be found in the kitchen and all 3 bathrooms! The kitchen also has stainless steel appliances and the bathrooms have also been upgraded. Continuing upstairs, the master bedroom is spacious with high ceilings and a skylight in the en suite bathroom for perfect natural light. One of the secondary bedrooms has been upgraded with a built-in office, which is perfect for working from home, doing schoolwork, or can be removed if desired! Upgraded shutters throughout the home as well! The outdoor space is perfect for small gatherings, morning coffee, or al fresco dining with the family. Situated near local shopping, dining, and freeway access, you don't want to miss this one! Welcome home! NO FURTHER SHOWINGS AVAILABLE ON FRIDAY 3/26 OR SATURDAY 3/27!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Tustin Ranch Elementary School Primary Regular 679 23 7
Pioneer Middle School Middle Regular 1,248 43 8
Arnold O. Beckman High School High Regular 2,648 94 9

Tustin Ranch Elementary School

  • Education Level: Primary
  • # of students: 679
  • # of teachers: 23
7
GreatSchools Rating

Pioneer Middle School

  • Education Level: Middle
  • # of students: 1,248
  • # of teachers: 43
8
GreatSchools Rating

Arnold O. Beckman High School

  • Education Level: High
  • # of students: 2,648
  • # of teachers: 94
9
GreatSchools Rating
 

$616,500$753,500$685,000

PURCHASE PRICE

$2,511$3,069$2,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,790
EXPENSES Loan Payment -$2,379
Property Tax -$632
Property Insurance -$61
HOA -$279
Property Management Fees -$137
CASH FLOW
-$698

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.

$685,000

PROJECTED PRICE

$2,790

PROJECTED RENT

0.41%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$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$187,275

INVESTMENT

$187,275

Down Payment
$171,250
Rehab Estimate
$5,750
Closing Costs
$10,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,379

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $171,250
Loan Amount $513,750
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$2,424

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,790

    LIST RENT
  • $1.99

    LIST RENT PER SQFT
  • $2,993

    COMP ESTIMATED VALUE
  • $2.14

    COMP AVG. RENT PER SQFT
Comps Range
$2,790
1$2,7902$2,9003$3,1004$3,2005$3,400
$3,400
RENT COMPS ANALYSIS
  • 2321 Sugar Maple Place Tustin, CA 1
    • 3 beds 3 baths ∙ 1,400 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,400 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,790
    • $1.99
    •  
  • 2371 Sunningdale Drive Tustin, CA 2
    • 3 beds 3 baths ∙ 1,298 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,298 Sqft ∙ Built 1995
    property image
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.23
    •  
  • 2301 Paseo Circulo Tustin, CA 3
    • 3 beds 3 baths ∙ 1,507 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,507 Sqft ∙ Built 1988
    property image
    LEASED 03/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.06
    •  
  • 2641 Alister Avenue Tustin, CA 4
    • 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 1998
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.13
    •  
  • 13809 Arapahoe Tustin, CA 5
    • 3 beds 3 baths ∙ 1,598 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,598 Sqft ∙ Built 1988
    property image
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.13
    •  
PROPERTY LISTING DETAILS
Laurisa Quella-ehlers
Impact Properties, Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21059962
Last Updated: 03/26/2021
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