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12439 Jacaranda Avenue Chino, CA 91710

4 Beds 3 Baths 1,803 sqft Built 1964

$588,000

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $326.12
  • 4 Days on Market
  • MLS # : CV20238825
  • Updated Date : 11/12/2020 at 17:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,803 sqft
  • Baths : 2 full , 1 half
Listing Agent

Aim Resources Real Estate Serv

Listing Agent's Description

Exquisitely renovated bungalow situated on a cul-de-sac! House has been renovated in all aspects from plumbing and electrical (64 recessed lighting across the house!) to kitchen and bathrooms. New HVAC lines, condenser and furnace. 12mm High quality vinyl flooring across the entire house; In the kitchen you’ll find a stunning 8 ft marble waterfall island surrounded by solid flat black quartz giving it great contrast with the shaker gray cabinets. In the master you’ll find a beautiful double sink vanity, marble floors, waterfall shower with natural stones & slate tiles and if you need to listen to some music while you shower then there’s a Bluetooth speaker & fan. In the second bathroom you’ll find limestone flooring, floating double vanity and jacuzzi bathtub/shower surrounded by subway tiles... this house has been customized in every aspect! In the living room you can sit back and enjoy the gas fireplace or watch a movie and enjoy the in ceiling surround sound system...but wait there’s more! When it gets hot out, you can walk through the kitchen, slide the back door open and enter your backyard oasis where you’ll find your pool surrounded by bamboo, new pavers and a gazebo for you to relax with family and friends; if you need to entertain there is also Bluetooth speakers installed outside in the planters! House has a fresh coat of stucco and paint; garage has a built in laundry area. This house is a must see, turnkey ready to be enjoyed by the next family!

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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
Walnut Avenue Elementary School Primary Regular 721 27 3
Magnolia Junior High School Middle Regular 684 30 3
Chino High School High Regular 2,369 99 5

Walnut Avenue Elementary School

  • Education Level: Primary
  • # of students: 721
  • # of teachers: 27
3
GreatSchools Rating

Magnolia Junior High School

  • Education Level: Middle
  • # of students: 684
  • # of teachers: 30
3
GreatSchools Rating

Chino High School

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

$529,200$646,800$588,000

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$2,169
Property Tax -$538
Property Insurance -$71
Property Management Fees -$143
CASH FLOW
-$492

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.

$588,000

PROJECTED PRICE

$2,430

PROJECTED RENT

0.41%

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$161,570

INVESTMENT

$161,570

Down Payment
$147,000
Rehab Estimate
$5,750
Closing Costs
$8,820

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,169

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $147,000
Loan Amount $441,000
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$7,973

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $1.35

    LIST RENT PER SQFT
  • $2,434

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3003$2,4304$2,5505$2,600
$2,600
RENT COMPS ANALYSIS
  • 12439 Jacaranda Avenue Chino, CA 3
    • 4 beds 3 baths ∙ 1,803 Sqft ∙ Built 1964 4 beds 3 baths ∙ 1,803 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $1.35
    •  
  • 6252 Verdugo Avenue Chino, CA 1
    • 3 beds 3 baths ∙ 1,787 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,787 Sqft ∙ Built 1974
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.29
    •  
  • 12484 Catalpa Avenue Chino, CA 2
    • 4 beds 2 baths ∙ 1,664 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,664 Sqft ∙ Built 1964
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.38
    •  
  • 12059 Dunlap Place Chino, CA 4
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1972
    LEASED 09/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.42
    •  
  • 12358 Apple Drive Chino, CA 5
    • 4 beds 3 baths ∙ 1,992 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,992 Sqft ∙ Built 1977
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.31
    •  
PROPERTY LISTING DETAILS
John Andonian
Aim Resources Real Estate Serv
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20238825
Last Updated: 11/12/2020
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