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12046 Butterfield Place Chino, CA 91710

4 Beds 2 Baths 1,330 sqft Built 1972

$510,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $383.46
  • 12 Days on Market
  • MLS # : TR20233020
  • Updated Date : 11/07/2020 at 05:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,330 sqft
  • Baths : 2 full
Listing Agent

Core Real Estate Services

Listing Agent's Description

Great Home in The City of Chino! This Outstanding Single Story Spacious Home Features Four Large Bedrooms, Two Bathrooms and Approximately 1330 Square Feet Of Living Area. On a Large 7,300 Square Feet Lot. As You Walk Into This Home You Will Step Into an Open Living Room with Dining Area and Then into the Kitchen Which Features Tile Counters, A Range, A Microwave, Dishwasher and Pantry. Down the Hall has a Large Master Suite with Two Double Door Closets and The Master Bathroom has a Stall Shower. There are Three Additional Good Sized Bedrooms, A Full Guest Bathroom with a Jet Tub. There are Ceiling Fans in Some of Rooms of the House. Laundry hookups are in the 2 Car Attached Garage with access into the home. Fully Landscaped Front Yard with a Paver Porch and Steps to the Front Door. The Rear Yard Has Been Impeccably Landscaped with Grass, Trees and a Covered Concrete Patio. This Home is Located Near Schools, Shopping, Freeways and Restaurants. Located on a Cul-De-Sac Street!

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MARKET HIGHLIGHTS

  • 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)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • 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]
  • 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, Inland Empire market inherits all the benefits from the area.

PRICE & RENT TRENDS

Neighborhood: Chino

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $143k560k

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

Neighborhood: Chino

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21100120013001400150016001700180019002000210022002300Rent in $10822394

* 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
E. J. Marshall Elementary School Primary Regular 484 19 4
E. J. Marshall Elementary School Middle Regular 484 19 4
Don Antonio Lugo High School High Regular 1,745 81 5

E. J. Marshall Elementary School

  • Education Level: Primary
  • # of students: 484
  • # of teachers: 19
4
GreatSchools Rating

E. J. Marshall Elementary School

  • Education Level: Middle
  • # of students: 484
  • # of teachers: 19
4
GreatSchools Rating

Don Antonio Lugo High School

  • Education Level: High
  • # of students: 1,745
  • # of teachers: 81
5
GreatSchools Rating
 

$459,000$561,000$510,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,882
Property Tax -$467
Property Insurance -$59
Property Management Fees -$118
CASH FLOW
-$526

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$510,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,900

INVESTMENT

$140,900

Down Payment
$127,500
Rehab Estimate
$5,750
Closing Costs
$7,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,882

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,500
Loan Amount $382,500
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,955

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $1.5

    LIST RENT PER SQFT
  • $1,955

    COMP ESTIMATED VALUE
  • $1.47

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0003$2,1004$2,2005$2,250
$2,250
RENT COMPS ANALYSIS
  • 12046 Butterfield Place Chino, CA 2
    • 4 beds 2 baths ∙ 1,330 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,330 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.50
    •  
  • 1144 W Whittlers Lane Ontario, CA 1
    • 3 beds 3 baths ∙ 1,346 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,346 Sqft ∙ Built 1983
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.45
    •  
  • 4975 Madison Avenue Chino, CA 3
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1976
    LEASED 09/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.49
    •  
  • 11883 Ottawa Place Chino, CA 4
    • 3 beds 3 baths ∙ 1,450 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,450 Sqft ∙ Built 1986
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.52
    •  
  • 12949 5th Street Chino, CA 5
    • 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1979
    LEASED 05/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.42
    •  
PROPERTY LISTING DETAILS
Patricia Laughery
Core Real Estate Services
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20233020
Last Updated: 11/07/2020
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