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12945 Boston Avenue Chino, CA 91710

4 Beds 3 Baths 2,215 sqft Built 1990

$599,999

List Price

$2,680

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $270.88
  • 5 Days on Market
  • MLS # : TR20261510
  • Updated Date : 12/23/2020 at 11:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,215 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Signature

Listing Agent's Description

Located at the Cypress Park gated community, this 4bedrooms and 2.5 bathrooms home is featured with bright and open floor plan with vaulted ceilings. The newly painted home offers counter deep refrigerator, stainless steel appliances, beautiful cabinetry, granite countertops, 3 car garage spaces and a spacious backyard. Gated community LOW HOA including: lighted tennis court, resort-style swimming pool, and greenery landscape throughout the community!!! 5 minute drive to 99 Ranch Market and shopping area. Be ready to call this "home".

SEE MORE

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

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
Doris Dickson Elementary School Primary Regular 667 23 3
Doris Dickson Elementary School Middle Regular 667 23 3
Don Antonio Lugo High School High Regular 1,745 81 5

Doris Dickson Elementary School

  • Education Level: Primary
  • # of students: 667
  • # of teachers: 23
3
GreatSchools Rating

Doris Dickson Elementary School

  • Education Level: Middle
  • # of students: 667
  • # of teachers: 23
3
GreatSchools Rating

Don Antonio Lugo High School

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

$539,999$659,999$599,999

PURCHASE PRICE

$2,412$2,948$2,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,680
EXPENSES Loan Payment -$2,214
Property Tax -$549
Property Insurance -$81
HOA -$122
Property Management Fees -$158
CASH FLOW
-$444

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.

$599,999

PROJECTED PRICE

$2,680

PROJECTED RENT

0.45%

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$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $150,000
Loan Amount $449,999
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$10,180

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,680

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $2,946

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6003$2,6004$2,6805$3,000
$3,000
RENT COMPS ANALYSIS
  • 12945 Boston Avenue Chino, CA 4
    • 4 beds 3 baths ∙ 2,215 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,215 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,680
    • $1.21
    •  
  • 4429 Lavender Court Chino, CA 1
    • 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1977
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.30
    •  
  • 4481 Heather Circle Chino, CA 2
    • 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1977
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.35
    •  
  • 13536 Poppy Place Chino, CA 3
    • 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1979
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.35
    •  
  • 4323 Terry Street Chino, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Heidi Mao
Keller Williams Signature
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20261510
Last Updated: 12/23/2020
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