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32902 Staysail Drive Dana Point, CA 92629

4 Beds 3 Baths 2,427 sqft Built 1970

$1,250,000

List Price

$4,090

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $515.04
  • 20 Days on Market
  • MLS # : OC21138147
  • Updated Date : 07/09/2021 at 22:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,427 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Oc Coastal Realty

Listing Agent's Description

A rare large home with panoramic views and a separate upstairs bedroom/bonus room with its own bath and a sizable covered view deck/lanai! Quiet cul-de-sac location just one and a half miles from Dana Point Harbor and Doheny Beach. 3 bedrooms and 2 baths downstairs, offering a large living room with fireplace, a spacious family room open to the kitchen and generous yard. Pex plumbing! Built-in storage everywhere. There are no homes behind you, so you will enjoy the very BEST views of the Capistrano Valley, stretching from Saddleback Mountains to the ocean. This flexible floor plan allows you to have an upstairs and a downstairs master bedroom, or a unit with its own separate entrance upstairs to use as an enormous guest suite, a VERY large office suite, a workshop, a music studio, whatever you need. The fully fenced and secure rear patio and yard offer areas for recreation, meditation, and play, all while offering unobstructed views of the hills, valley, and ocean. Some TLC needed. Bring your creativity and enjoy the home of your dreams.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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]

PRICE & RENT TRENDS

Neighborhood: Dana Point

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $272k1107k

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

Neighborhood: Dana Point

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2200022002400260028003000320034003600380040004200Rent in $19814202

* 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
Del Obispo Elementary School Primary Regular 368 14 5
Marco Forster Middle School Middle Regular 1,360 56 6
Dana Hills High School High Regular 2,716 97 9

Del Obispo Elementary School

  • Education Level: Primary
  • # of students: 368
  • # of teachers: 14
5
GreatSchools Rating

Marco Forster Middle School

  • Education Level: Middle
  • # of students: 1,360
  • # of teachers: 56
6
GreatSchools Rating

Dana Hills High School

  • Education Level: High
  • # of students: 2,716
  • # of teachers: 97
9
GreatSchools Rating
 

$1,125,000$1,375,000$1,250,000

PURCHASE PRICE

$3,681$4,499$4,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,090
EXPENSES Loan Payment -$4,342
Property Tax -$1,180
Property Insurance -$86
Property Management Fees -$200
CASH FLOW
-$1,718

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.

$1,250,000

PROJECTED PRICE

$4,090

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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$337,000

INVESTMENT

$337,000

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,342

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $312,500
Loan Amount $937,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$225

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,090

    LIST RENT
  • $1.69

    LIST RENT PER SQFT
  • $4,496

    COMP ESTIMATED VALUE
  • $1.85

    COMP AVG. RENT PER SQFT
Comps Range
$3,750
1$3,7502$4,0903$4,2004$4,4005$4,900
$4,900
RENT COMPS ANALYSIS
  • 32902 Staysail Drive Dana Point, CA 2
    • 4 beds 3 baths ∙ 2,427 Sqft ∙ Built 1970 4 beds 3 baths ∙ 2,427 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $4,090
    • $1.69
    •  
  • 25515 Goldenspring Drive Dana Point, CA 1
    • 3 beds 3 baths ∙ 2,085 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,085 Sqft ∙ Built 1980
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.80
    •  
  • 32974 Danateak Dana Point, CA 3
    • 5 beds 3 baths ∙ 2,547 Sqft ∙ Built 1986 5 beds 3 baths ∙ 2,547 Sqft ∙ Built 1986
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.65
    •  
  • 25701 White Sands Street Dana Point, CA 4
    • 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 1984
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.99
    •  
  • 32592 La Calma Road San Juan Capistrano, CA 5
    • 4 beds 3 baths ∙ 2,491 Sqft ∙ Built 1970 4 beds 3 baths ∙ 2,491 Sqft ∙ Built 1970
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $1.97
    •  
PROPERTY LISTING DETAILS
David Silver-westrick
Keller Williams Oc Coastal Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21138147
Last Updated: 07/09/2021
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