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2570 Alister Avenue 
Tustin, CA
92782
4 Beds 3 Baths 2,150 sqft
Built 1995
INVESTimate
$998,000
List Price
$270,220
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PROPERTY INFO
FACTS
- Built In 1995
- Price/Sqft : $464.19
- 3 Days on Market
- MLS # : OC20174163
- Updated Date : 08/25/2020 at 17:26
CONSTRUCTION
- Beds : 4
- Floor Size : 2,150 sqft
- Baths : 3 full
Listing Agent
Keller Williams Costa Mesa
Listing Agent's Description
One of the LARGEST LOTS in the community!!! A true turnkey property with an incredibly open floor plan that has been completely remodeled with elegant updates. This fantastic home offers vaulted ceilings with plenty of windows naturally highlighting the open floor plan. Exceptional layout with 4 bedrooms. the 4th bedroom could double as playroom or office on the main level, giving you great flexibility. This functional layout also boasts a finished space in the attic for extra space to use as a playroom or study area. 3 full baths have been updated with Caesarstone vanities!!! Engineered wood flooring throughout the living area, upgraded plush carpeting upstairs screams luxury. Gourmet kitchen showcases beautiful Caesarstone countertops! Cozy family room with fireplace, formal living and dining off the kitchen. Master suite features cathedral ceilings, a spacious en-suite bathroom with soaking tub, frameless glass enclosed shower, dual sinks master and LOFT area making it the ultimate retreat!!! Resort style exterior, full driveway and very private wrap around backyard with patio. Many things to enjoy in this securely gated community, low HOA, pool and spa. Children attend award-winning Schools. Walking distance to Elementary school, Tustin Sports Park and The Marketplace with great shopping and restaurants! Check out a virtual tour of the home at https://youtu.be/dUPyWLUuPBI
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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 area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
- As part of Southern California area, Orange County market inherits all the benefits from the area.
- 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)
PRICE & RENT TRENDS
Neighborhood: Tustin Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tustin Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,840 |
| EXPENSES | Loan Payment | -$3,682 |
| Property Tax | -$972 | |
| Property Insurance | -$80 | |
| HOA | -$220 | |
| Property Management Fees | -$188 | |
|
CASH FLOW
-$1,303
|
||
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.
$998,000
PROJECTED PRICE
$3,840
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.08% |
| Appreciation Year (1-5) | 5.33% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.81% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$270,220
LOAN DETAILS
$3,682
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $249,500 |
| Loan Amount | $748,500 |
0.33
YEARS SAVED
$726
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,840
LIST RENT -
$1.75
LIST RENT PER SQFT
-
$3,812
COMP ESTIMATED VALUE -
$1.73
COMP AVG. RENT PER SQFT
Comps Range
-
2570 Alister Avenue Tustin, 4
- 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $3,840
- $1.75
-
12462 S Lopez Place Tustin, 1
- 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1997
LEASED 02/05/20- Rent
- Rent Per SQFT
- $3,400
- $1.70
-
42 Heatherton Irvine, 2
- 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 2001
LEASED 10/14/19- Rent
- Rent Per SQFT
- $3,495
- $1.66
-
52 Willowhurst Irvine, 3
- 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2000
LEASED 05/31/20- Rent
- Rent Per SQFT
- $3,500
- $1.75
-
56 Asbury Irvine, 5
- 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 2001
LEASED 08/11/20- Rent
- Rent Per SQFT
- $3,900
- $1.82
PROPERTY LISTING DETAILS
Keller Williams Costa Mesa
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC20174163
Last Updated: 08/25/2020
