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12286 Maxon Lane Chino, CA 91710

5 Beds 2 Baths 2,406 sqft Built 1976

$639,000

List Price

$2,940

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $265.59
  • 3 Days on Market
  • MLS # : P1-3311
  • Updated Date : 02/13/2021 at 10:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,406 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

This attractive five bedroom, four bath home has been tastefully remodeled with an open floor plan and wonderful details throughout. The bright living room and adjoining dining area have high vaulted ceilings and tall arched doorways, which create a spacious and airy setting. The large open kitchen and family room are just perfect for entertaining with direct access, through large sliding doors, to the charming backyard. The kitchen has stainless steel appliances, a large center island/breakfast bar, loads of storage and an additional eating area. On the main floor there is a downstairs master suite, two additional bedrooms and a full bathroom. A fourth bedroom with en suite bathroom is located off the family room which would be perfect for a home office. An inviting staircase takes you to the second level with a huge master suite with mountain views, a large walk-in closet, an en suite bathroom and a delightful balcony, perfect for your morning cup of coffee. There is recessed lighting throughout and many wonderful upgrades, including copper plumbing and a dual cooling system. This home has great curb appeal and a charming front patio. In addition, it is close to shopping, dining, schools and has great access to local freeways. Welcome home!

SEE MORE

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
Ramona Junior High School Middle Regular 579 28 3
Don Antonio Lugo High School High Regular 1,745 81 5

Ramona Junior High School

  • Education Level: Middle
  • # of students: 579
  • # of teachers: 28
3
GreatSchools Rating

Don Antonio Lugo High School

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

$575,100$702,900$639,000

PURCHASE PRICE

$2,646$3,234$2,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,940
EXPENSES Loan Payment -$2,219
Property Tax -$582
Property Insurance -$85
Property Management Fees -$173
CASH FLOW
-$120

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.

$639,000

PROJECTED PRICE

$2,940

PROJECTED RENT

0.46%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$175,085

INVESTMENT

$175,085

Down Payment
$159,750
Rehab Estimate
$5,750
Closing Costs
$9,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,219

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $159,750
Loan Amount $479,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$31,108

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,940

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $3,164

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$2,940
1$2,9402$3,0003$3,0004$3,1005$3,200
$3,200
RENT COMPS ANALYSIS
  • 12286 Maxon Lane Chino, CA 1
    • 5 beds 2 baths ∙ 2,406 Sqft ∙ Built 1976 5 beds 2 baths ∙ 2,406 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $2,940
    • $1.22
    •  
  • 4323 Terry Street Chino, CA 2
    • 4 beds 3 baths ∙ 2,276 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,276 Sqft ∙ Built 1990
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.32
    •  
  • 3342 Royal Ridge Road Chino Hills, CA 3
    • 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 1987
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.34
    •  
  • 3282 Olympic View Drive Chino Hills, CA 4
    • 4 beds 3 baths ∙ 2,305 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,305 Sqft ∙ Built 1988
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.34
    •  
  • 3375 Royal Ridge Road Chino Hills, CA 5
    • 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 1987
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.26
    •  
PROPERTY LISTING DETAILS
Jenan Musulli
Coldwell Banker Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: P1-3311
Last Updated: 02/13/2021
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