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2525 Alexander Court Tustin, CA 92782

5 Beds 2 Baths 2,752 sqft Built 1997

$1,275,000

List Price

$4,290

$4K - $4.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $463.30
  • 22 Days on Market
  • MLS # : OC21036101
  • Updated Date : 03/12/2021 at 05:04
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,752 sqft
  • Baths : 2 full
Listing Agent

Century 21 Award

Listing Agent's Description

Delightful 5-bedroom pool home, located on an oversized, end of cul-de-sac lot with plenty of privacy. This is La Montana’s largest and most versatile floor plan, offering 3 bedrooms upstairs plus a spacious loft that can be converted into a 4th bedroom. Sought-after main floor bedroom with a 3/4 bath as well as a large bonus room that can serve as a bedroom, office, game room, or potentially a third car garage (an original builder option). Tastefully remodeled kitchen featuring warm wood cabinetry, granite counters, and stainless-steel appliances. Two sets of custom French doors have been installed, one leading from the main living area to your outdoor oasis, the other from the kitchen to the tranquil side yard. Recently added retractable awnings cover seating areas – creating a perfect outdoor space for entertaining. Whole house fan, security system, custom built-ins, and so much more! Easy access to nearby parks, hiking/biking trails, shopping, dining, toll roads, and major freeways. A must see!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Tustin Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $272k934k

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

Neighborhood: Tustin Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2200022002400260028003000320034003600380040004200Rent in $19814273

* 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
Peters Canyon Elementary School Primary Regular 549 18 10
Pioneer Middle School Middle Regular 1,248 43 8
Arnold O. Beckman High School High Regular 2,648 94 9

Peters Canyon Elementary School

  • Education Level: Primary
  • # of students: 549
  • # of teachers: 18
10
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
 

$1,147,500$1,402,500$1,275,000

PURCHASE PRICE

$3,861$4,719$4,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,290
EXPENSES Loan Payment -$4,429
Property Tax -$1,254
Property Insurance -$93
HOA -$118
Property Management Fees -$210
CASH FLOW
-$1,815

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.

$1,275,000

PROJECTED PRICE

$4,290

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.3%
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$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$343,625

INVESTMENT

$343,625

Down Payment
$318,750
Rehab Estimate
$5,750
Closing Costs
$19,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,429

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $318,750
Loan Amount $956,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$143

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,290

    LIST RENT
  • $1.56

    LIST RENT PER SQFT
  • $4,272

    COMP ESTIMATED VALUE
  • $1.55

    COMP AVG. RENT PER SQFT
Comps Range
$4,000
1$4,0002$4,2903$4,3004$4,5005$4,500
$4,500
RENT COMPS ANALYSIS
  • 2525 Alexander Court Tustin, CA 2
    • 5 beds 2 baths ∙ 2,752 Sqft ∙ Built 1997 5 beds 2 baths ∙ 2,752 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,290
    • $1.56
    •  
  • 2635 Burrier Lane Tustin, CA 1
    • 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 1992
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.43
    •  
  • 11010 Hiskey Lane Tustin, CA 3
    • 5 beds 3 baths ∙ 2,700 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,700 Sqft ∙ Built 1997
    property image
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.59
    •  
  • 2550 Reynolds Drive Tustin, CA 4
    • 4 beds 1 baths ∙ 3,001 Sqft ∙ Built 1998 4 beds 1 baths ∙ 3,001 Sqft ∙ Built 1998
    property image
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.50
    •  
  • 10985 Hiskey Lane Tustin, CA 5
    • 5 beds 3 baths ∙ 2,663 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,663 Sqft ∙ Built 1997
    property image
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.69
    •  
PROPERTY LISTING DETAILS
Katalin Rozman
Century 21 Award
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21036101
Last Updated: 03/12/2021
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