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12359 Kumquat Place Chino, CA 91710

4 Beds 2 Baths 1,628 sqft Built 1975

$595,000

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $365.48
  • 3 Days on Market
  • MLS # : DW20243885
  • Updated Date : 11/20/2020 at 11:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,628 sqft
  • Baths : 2 full
Listing Agent

Trinity Realty & Investments

Listing Agent's Description

For your family. A four bedroom home in Chino, a Christmas lights neighborhood. Amenities include a gas fireplace in the living room, a custom kitchen with wood cabinets, an energy efficient vinyl windows throughout, tankless water heater and a backyard pool for all your entertaining.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
Alicia Cortez Elementary School Primary Regular 721 26 5
Alicia Cortez Elementary School Middle Regular 721 26 5
Chino High School High Regular 2,369 99 5

Alicia Cortez Elementary School

  • Education Level: Primary
  • # of students: 721
  • # of teachers: 26
5
GreatSchools Rating

Alicia Cortez Elementary School

  • Education Level: Middle
  • # of students: 721
  • # of teachers: 26
5
GreatSchools Rating

Chino High School

  • Education Level: High
  • # of students: 2,369
  • # of teachers: 99
5
GreatSchools Rating
 

$535,500$654,500$595,000

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$2,195
Property Tax -$545
Property Insurance -$67
Property Management Fees -$140
CASH FLOW
-$567

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.

$595,000

PROJECTED PRICE

$2,380

PROJECTED RENT

0.40%

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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

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$163,425

INVESTMENT

$163,425

Down Payment
$148,750
Rehab Estimate
$5,750
Closing Costs
$8,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,195

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $148,750
Loan Amount $446,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$5,190

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $1.46

    LIST RENT PER SQFT
  • $2,487

    COMP ESTIMATED VALUE
  • $1.53

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,3753$2,3804$2,4505$2,500
$2,500
RENT COMPS ANALYSIS
  • 12359 Kumquat Place Chino, CA 3
    • 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $1.46
    •  
  • 6628 King Street Chino, CA 1
    • 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1976
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.54
    •  
  • 12358 Kumquat Place Chino, CA 2
    • 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1975
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $1.46
    •  
  • 12662 Verdugo Avenue Chino, CA 4
    • 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 1972
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.60
    •  
  • 12965 Raintree Place Chino, CA 5
    • 4 beds 2 baths ∙ 1,658 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,658 Sqft ∙ Built 1976
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.51
    •  
PROPERTY LISTING DETAILS
Frances Singery
Trinity Realty & Investments
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW20243885
Last Updated: 11/20/2020
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