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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Dana Point at 32 Corniche Dr UNIT B, Dana Point, CA, 92629 priced at $679,900 pairs $5,002/mo rent with $212/mo cash flow after a $3,328/mo payment. Total monthly income equals $5,002/mo, and annual cash flow comes to $2,541/yr on $223,687 invested. Return on cash invested is 21.2% in year one, and rental yield stands at 8.83% on a $679,900 basis. Equity gained on principal adds $4,387/yr, and 5% annual appreciation accumulates to $187,844 by year five. Five-year ROI measures 110.84% and total cumulative return in cash reaches $247,937. For financing, Ziffy Mortgage’s DSCR program evaluates $5,002/mo property income against a $3,328/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1989
N/A lot
$N/A/sqft
$584 monthly HOA
Neighborhood data shown for ZIP Code: 92629, Dana Point, CA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,363 (100%) |
| Owner Occupied HU | 6,725 (50.3%) |
| Renter Occupied HU | 4,968 (37.2%) |
| Vacant Housing Units | 1,670 (12.5%) |
| Median Home Value | $1,402,984 |
| Average Home Value | $1,493,273 |
Residential
12,868
Single Family
11,943
Multi-Family
925
Businesses
1,072
Date | Event | Price |
|---|---|---|
| 2024-07-15 | Price change | $679,900 |
| 2024-06-20 | Listed for sale | $714,900 |
| 2003-06-17 | Sold | $245,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-30 | $3967.68 | 3.12% | $341,054 | 2.00% |
| 2022-08-30 | $3847.70 | 2.48% | $334,367 | 2.00% |
| 2021-08-30 | $3754.68 | 0.11% | $327,811 | 1.04% |
Listed by: John Rennie • Engel & Volkers
Mls Name: CRMLS
Mls Provider:
Mls ID: #OC24119266
Disclaimer: The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
