Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

33281 Marina Vista Drive Dana Point, CA 92629

3 Beds 2 Baths 1,606 sqft Built 1965

$1,050,000

List Price

$3,390

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $653.80
  • 3 Days on Market
  • MLS # : OC21028773
  • Updated Date : 02/12/2021 at 16:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,606 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservice

Listing Agent's Description

Amazing opportunity to own a 3 bedroom Single Level Pool home near the Beach! Located in the wonderful community of Thunderbird Capistrano. This home has beautiful wood beamed ceilings, Mexican pavers, open floor plan and spiral stairs leading to the loft above kitchen. Just minutes to Dana Point Harbor, Doheny State Beach, downtown San Juan Capistrano, Dana Hills High School and freeway close! NO HOA.

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: 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
 

$945,000$1,155,000$1,050,000

PURCHASE PRICE

$3,051$3,729$3,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,390
EXPENSES Loan Payment -$3,647
Property Tax -$964
Property Insurance -$66
Property Management Fees -$166
CASH FLOW
-$1,453

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.

$1,050,000

PROJECTED PRICE

$3,390

PROJECTED RENT

0.32%

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

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$284,000

INVESTMENT

$284,000

Down Payment
$262,500
Rehab Estimate
$5,750
Closing Costs
$15,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,647

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $262,500
Loan Amount $787,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$182

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,390

    LIST RENT
  • $2.11

    LIST RENT PER SQFT
  • $3,545

    COMP ESTIMATED VALUE
  • $2.21

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,3903$3,4004$3,6505$4,000
$4,000
RENT COMPS ANALYSIS
  • 33281 Marina Vista Drive Dana Point, CA 2
    • 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $3,390
    • $2.11
    •  
  • 33046 Sea Breeze Court San Juan Capistrano, CA 1
    • 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 1975
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.96
    •  
  • 33181 Paseo Blanco San Juan Capistrano, CA 3
    • 4 beds 2 baths ∙ 1,745 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,745 Sqft ∙ Built 1974
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.95
    •  
  • 33152 Christina Drive Dana Point, CA 4
    • 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1971
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $2.38
    •  
  • 33342 Astoria Street Dana Point, CA 5
    • 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1963
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.54
    •  
PROPERTY LISTING DETAILS
Kevin Hill
Berkshire Hathaway Homeservice
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21028773
Last Updated: 02/12/2021
BESbswy