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3105 Dublin Street Costa Mesa, CA 92626

3 Beds 2 Baths 1,177 sqft Built 1957

$799,900

List Price

$3,040

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $679.61
  • 7 Days on Market
  • MLS # : OC21059538
  • Updated Date : 03/27/2021 at 05:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,177 sqft
  • Baths : 2 full
Listing Agent

T.n.g. Real Estate Consultants

Listing Agent's Description

One of the more popular family neighbors in Costa Mesa is Halecrest! This little neighborhood offers optional membership at Halecrest Tennis & Swim Club, Killybrooke Elementary School within walking distance and a family community that organizes Halloween & 4th of July parades. This darling 3 bedroom, 2 bath home looks more spacious than it's 1,177 sf and has been well taken care of. There are many upgrades to mention; the hardwood floors are original and were refinished 2017, along with interior & exterior paint, garage door opener with backup battery recently installed, AC & furnace replaced around 4 yrs ago, the house has been retrofitted, kitchen appliances replaced in 2016, this home has a whole house water filtration system (paid for), the roof was done in 2007, water main to the street has been replaced, the electrical panel has been upgraded, the main bedroom en-suite has been upgraded, interior 6 panel doors throughout and the front door has been updated. Low maintenance landscaping in both front & backyard, with raised planters in front yard (along driveway) for your veggie garden. There is so much more! This home is ready for your personal touches! They don't last long in this neighborhood, so don't miss seeing it! All dates are approximate and all information deemed to be reliable but not guaranteed. Buyer to do their due diligence.

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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: Costa Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $243k858k

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

Neighborhood: Costa Mesa

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400Rent in $18443537

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$719,910$879,890$799,900

PURCHASE PRICE

$2,736$3,344$3,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,040
EXPENSES Loan Payment -$2,778
Property Tax -$806
Property Insurance -$56
Property Management Fees -$149
CASH FLOW
-$749

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.

$799,900

PROJECTED PRICE

$3,040

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 4.0%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$217,724

INVESTMENT

$217,724

Down Payment
$199,975
Rehab Estimate
$5,750
Closing Costs
$11,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,778

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,975
Loan Amount $599,925
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$5,687

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,040

    LIST RENT
  • $2.58

    LIST RENT PER SQFT
  • $2,701

    COMP ESTIMATED VALUE
  • $2.3

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$3,0403$3,2504$3,3505$3,350
$3,350
RENT COMPS ANALYSIS
  • 3105 Dublin Street Costa Mesa, CA 2
    • 3 beds 2 baths ∙ 1,177 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,177 Sqft ∙ Built 1957
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,040
    • $2.58
    •  
  • 2501 W Sunflower Avenue Santa Ana, CA 1
    • 3 beds 2 baths ∙ 1,088 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,088 Sqft ∙ Built 1970
    property image
    LEASED 03/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.21
    •  
  • 1158 Austin Street Costa Mesa, CA 3
    • 4 beds 2 baths ∙ 1,405 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,405 Sqft ∙ Built 1962
    property image
    LEASED 09/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.31
    •  
  • 1590 Corsica Place Costa Mesa, CA 4
    • 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 1959
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.35
    •  
  • 1849 Kentucky Place Costa Mesa, CA 5
    • 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1960
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.31
    •  
PROPERTY LISTING DETAILS
Darlene Stinson
T.n.g. Real Estate Consultants
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21059538
Last Updated: 03/27/2021
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