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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $649.54
- 5 Days on Market
- MLS # : LG21033702
- Updated Date : 02/20/2021 at 21:19
CONSTRUCTION
- Beds : 3
- Floor Size : 1,538 sqft
- Baths : 2 full
Listing Agent
Realty One Group West
Listing Agent's Description
Beautiful, rare single level three bedroom home in the prestigious Dana Woods neighborhood with close proximity to downtown Dana Point, beautiful beaches and award winning Blue Ribbon schools. This light and bright home has new fresh interior paint, designer wood and tile flooring accented with wide baseboards, white plantation shutters, vaulted ceilings in living room & primary suite, recessed lighting. The property has elevated coastal curb appeal with mature landscaping, painted siding with wide white trim, ample windows, entry way brick pillars with lantern lights, front courtyard planters updated with new mulch and flowering plants situated on a large corner lot in a cul de sac with only one direct neighbor. Open floor plan greets you at the front door with a foyer, formal living room, bay windows, fireplace with a custom wood mantle and a formal dining room. Chef kitchen boasts shaker style white & glass cabinets, light granite counters and upgraded stainless steal appliances. The open concept kitchen faces into the bright family room leading to a private backyard oasis; large flat grass yard, cement patio and large trees, privacy shrubs. The primary suite includes a custom built out closet, double vanity, oversize shower. Two additional bedrooms boast wood floors and newer windows. Attached garage adds more useful space to the floor plan; offering ample storage and a laundry area. Enjoy privacy, natural light, and designer touches few homes on the market offer.
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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: Dana Point
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dana Point
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,470 |
| EXPENSES | Loan Payment | -$3,470 |
| Property Tax | -$885 | |
| Property Insurance | -$64 | |
| HOA | -$180 | |
| Property Management Fees | -$170 | |
|
CASH FLOW
-$1,300
|
||
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.
$999,000
PROJECTED PRICE
$3,470
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.08% |
| Appreciation Year (1-5) | 6.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.81% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$270,485
LOAN DETAILS
$3,470
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $249,750 |
| Loan Amount | $749,250 |
0.25
YEARS SAVED
$346
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,470
LIST RENT -
$2.26
LIST RENT PER SQFT
-
$3,557
COMP ESTIMATED VALUE -
$2.31
COMP AVG. RENT PER SQFT
Comps Range
-
25141 Danabirch Dana Point, CA 4
- 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1986
![property image]()
- Rent
- Rent Per SQFT
- $3,470
- $2.26
-
25571 Via Del Rey San Juan Capistrano, CA 1
- 4 beds 2 baths ∙ 1,358 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,358 Sqft ∙ Built 1973
![property image]()
LEASED 06/30/20- Rent
- Rent Per SQFT
- $2,875
- $2.12
-
32892 Avenida Del Rosal San Juan Capistrano, CA 2
- 4 beds 2 baths ∙ 1,342 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,342 Sqft ∙ Built 1972
![property image]()
LEASED 12/11/20- Rent
- Rent Per SQFT
- $3,100
- $2.31
-
33286 Ocean Bright Dana Point, CA 3
- 3 beds 3 baths ∙ 1,389 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,389 Sqft ∙ Built 1983
![property image]()
LEASED 02/24/20- Rent
- Rent Per SQFT
- $3,395
- $2.44
-
33152 Christina Drive Dana Point, CA 5
- 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1971
![property image]()
LEASED 08/22/20- Rent
- Rent Per SQFT
- $3,650
- $2.38
PROPERTY LISTING DETAILS
Realty One Group West
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: LG21033702
Last Updated: 02/20/2021
