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

25242 Brigantine Drive Dana Point, CA 92629

3 Beds 1 Baths 2,151 sqft Built 1962

$950,000

List Price

$4,370

$4.1K - $4.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $441.66
  • 10 Days on Market
  • MLS # : OC20255778
  • Updated Date : 12/18/2020 at 21:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,151 sqft
  • Baths : 1 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

The possibilities are endless for this Ocean-Close, Single Level home with a private pool and RV parking on a single loaded street. The home features an open and inviting floor plan with three bedrooms and two bathrooms. The large living room area has a cozy fireplace and a glass slider leading to the back yard. The kitchen opens to the dining room and flows nicely into the living room area. Additionally, there is a large bonus room that could easily be converted to a bedroom. The back yard features a private pool and a viewing deck lined with mature citrus trees. There is an oversized tandem garage, RV or Boat storage plus ample space for parking additional cars. The house is in close proximity to Beaches, Harbor & the Lantern District. This is an exceptional opportunity in a fabulous neighborhood.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$855,000$1,045,000$950,000

PURCHASE PRICE

$3,933$4,807$4,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,370
EXPENSES Loan Payment -$3,505
Property Tax -$897
Property Insurance -$79
Property Management Fees -$214
CASH FLOW
-$325

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.

$950,000

PROJECTED PRICE

$4,370

PROJECTED RENT

0.46%

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-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,500

INVESTMENT

$257,500

Down Payment
$237,500
Rehab Estimate
$5,750
Closing Costs
$14,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$3,505

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,500
Loan Amount $712,500
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$45,863

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,370

    LIST RENT
  • $2.03

    LIST RENT PER SQFT
  • $3,861

    COMP ESTIMATED VALUE
  • $1.8

    COMP AVG. RENT PER SQFT
Comps Range
$3,450
1$3,4502$3,5503$3,7504$3,8505$4,370
$4,370
RENT COMPS ANALYSIS
  • 25242 Brigantine Drive Dana Point, CA 5
    • 3 beds 1 baths ∙ 2,151 Sqft ∙ Built 1962 3 beds 1 baths ∙ 2,151 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $4,370
    • $2.03
    •  
  • 33251 Ocean Hill Drive Dana Point, CA 1
    • 4 beds 2 baths ∙ 1,864 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,864 Sqft ∙ Built 1965
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.85
    •  
  • 33172 Ocean Bright Dana Point, CA 2
    • 3 beds 3 baths ∙ 1,862 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,862 Sqft ∙ Built 1982
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.91
    •  
  • 25515 Goldenspring Drive Dana Point, CA 3
    • 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
    •  
  • 33532 Coral Reach Street Dana Point, CA 4
    • 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 1981
    LEASED 10/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.62
    •  
PROPERTY LISTING DETAILS
Mary Jo Stackhouse
Coldwell Banker Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20255778
Last Updated: 12/18/2020
BESbswy