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PROPERTY INFO
FACTS
- Single Family
- Built In 1971
- Price/Sqft : $619.60
- 2 Days on Market
- MLS # : OC21000543
- Updated Date : 01/02/2021 at 18:36
CONSTRUCTION
- Beds : 3
- Floor Size : 1,596 sqft
- Baths : 2 full
Listing Agent
Esen Real Estate Services
Listing Agent's Description
CHARMING SINGLE STORY VIEW HOME IN THE CITY OF DANA POINT. BEAUTIFULY REMODELED. SITUATED ON OVER 10,000 SQUARE FEET LOT, MINUTES AWAY FROM DANA POINT HARBOR AND BEACHES. THE HOME ENCOMPASSES OF 1596 SQ FT OF LIVING SPACE. FUNCTIONAL FLOOR PLAN. EXTENSIVE UPGRADED, OPEN FLOOR PLAN, VERY LIGHT AND BRIGHT, THREE BEDROOMS, TWO BATHS, LIVING ROOM WITH FIREPLACE, DINING AREA, NEW KITCHEN AND NEW STANLESS STEEL APPLIANCES, NEW FLOOR, NEW PAINT THROUGH OUT, NEW BATHROOM FEATURES, NEW RECESSED LIGHTING, LARGE SIDEYARDS AND BACKYARD. A MUST SEE!
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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: 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 | $3,560 |
| EXPENSES | Loan Payment | -$3,649 |
| Property Tax | -$1,005 | |
| Property Insurance | -$66 | |
| Property Management Fees | -$174 | |
|
CASH FLOW
-$1,334
|
||
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.
$988,888
PROJECTED PRICE
$3,560
PROJECTED RENT
0.36%
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
$267,805
LOAN DETAILS
$3,649
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $247,222 |
| Loan Amount | $741,666 |
0.33
YEARS SAVED
$590
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,560
LIST RENT -
$2.23
LIST RENT PER SQFT
-
$3,627
COMP ESTIMATED VALUE -
$2.27
COMP AVG. RENT PER SQFT
Comps Range
-
33461 Sea Bright Drive Dana Point, CA 1
- 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 1971
- Rent
- Rent Per SQFT
- $3,560
- $2.23
-
34061 Callita Drive Dana Point, CA 2
- 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 1965
LEASED 01/29/20- Rent
- Rent Per SQFT
- $3,600
- $2.09
-
34091 Calle La Primavera Dana Point, CA 3
- 3 beds 1 baths ∙ 1,728 Sqft ∙ Built 1977 3 beds 1 baths ∙ 1,728 Sqft ∙ Built 1977
LEASED 05/26/20- Rent
- Rent Per SQFT
- $3,600
- $2.08
-
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
Esen Real Estate Services
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC21000543
Last Updated: 01/02/2021
