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PROPERTY INFO
FACTS
- Single Family
- Built In 1963
- Price/Sqft : $401.28
- 3 Days on Market
- MLS # : IG20255548
- Updated Date : 12/11/2020 at 15:40
CONSTRUCTION
- Beds : 4
- Floor Size : 1,246 sqft
- Baths : 2 full
Listing Agent
Reliance Real Estate Services
Listing Agent's Description
Single story home in a nicely kept neighborhood. Much of the house has already been remodeled, just waiting on your finishing touches. The kitchen has Granite countertops and upgraded cabinets plus stainless steel stove/oven and vent. The popcorn ceiling has been removed and recessed lighting has been installed in the kitchen. Both bathrooms have new vanities and tile surrounds. There is a fireplace in the living room with a sliding door going out to the large fenced backyard. This one won't last
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MARKET HIGHLIGHTS
- 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.
- 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: Chino
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chino
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,300 |
| EXPENSES | Loan Payment | -$1,845 |
| Property Tax | -$458 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$136 | |
|
CASH FLOW
-$196
|
||
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.
$500,000
PROJECTED PRICE
$2,300
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$138,250
LOAN DETAILS
$1,845
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $125,000 |
| Loan Amount | $375,000 |
3.83
YEARS SAVED
$21,257
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,300
LIST RENT -
$1.85
LIST RENT PER SQFT
-
$1,966
COMP ESTIMATED VALUE -
$1.58
COMP AVG. RENT PER SQFT
Comps Range
-
12612 17th Street Chino, CA 4
- 4 beds 2 baths ∙ 1,246 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,246 Sqft ∙ Built 1963
![property image]()
- Rent
- Rent Per SQFT
- $2,300
- $1.85
-
1128 Pinewood Lane Ontario, CA 1
- 3 beds 3 baths ∙ 1,346 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,346 Sqft ∙ Built 1981
![property image]()
LEASED 12/31/19- Rent
- Rent Per SQFT
- $2,000
- $1.49
-
1132 Pinewood Lane Ontario, CA 2
- 3 beds 3 baths ∙ 1,346 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,346 Sqft ∙ Built 1981
![property image]()
LEASED 10/28/20- Rent
- Rent Per SQFT
- $2,150
- $1.60
-
6025 Ida Court Chino, CA 3
- 3 beds 2 baths ∙ 1,418 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,418 Sqft ∙ Built 1976
![property image]()
LEASED 09/11/20- Rent
- Rent Per SQFT
- $2,300
- $1.62
-
12662 Verdugo Avenue Chino, CA 5
- 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 1972
![property image]()
LEASED 06/28/20- Rent
- Rent Per SQFT
- $2,450
- $1.60
PROPERTY LISTING DETAILS
Reliance Real Estate Services
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: IG20255548
Last Updated: 12/11/2020
