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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $308.35
- 8 Days on Market
- MLS # : CV20256908
- Updated Date : 12/19/2020 at 19:04
CONSTRUCTION
- Beds : 3
- Floor Size : 1,281 sqft
- Baths : 2 full , 1 half
Listing Agent
First Team Real Estate
Listing Agent's Description
A Bright, Airy, Well Maintained Royal Palm Ranch Townhome in a Secured Gated Community. Central Heating and AC, Water Heater, Wood Flooring, Exterior & Interior Paint, Garbage Disposal were recently Updated. Downstairs offers Open Concept Living Room, Dining and Kitchen, plenty of Storage Cabinets, Fireplace, Private Backyard, Powder Room and Two Car Garage. Upstairs offers a Large Master Suite with its own Balcony and Walk-In Closet, more Storage Cabinets, Hallway Bathroom with Tub, Laundry Room and Two Bedrooms. Community amenities include pool, playground, water and trash. This townhouse is minutes to 60 & 71 Freeways, City Hall, Schools, Shops, Restaurants, Costco, Lowe’s and much more. Virtual Tour: https://my.matterport.com/show/?m=oh4tg5SUQws&brand=0
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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
* 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 | $1,980 |
| EXPENSES | Loan Payment | -$1,457 |
| Property Tax | -$362 | |
| Property Insurance | -$58 | |
| HOA | -$220 | |
| Property Management Fees | -$117 | |
|
CASH FLOW
-$235
|
||
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.
$395,000
PROJECTED PRICE
$1,980
PROJECTED RENT
0.50%
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
$110,425
LOAN DETAILS
$1,457
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $98,750 |
| Loan Amount | $296,250 |
2.42
YEARS SAVED
$8,825
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,980
LIST RENT -
$1.55
LIST RENT PER SQFT
-
$1,992
COMP ESTIMATED VALUE -
$1.56
COMP AVG. RENT PER SQFT
Comps Range
-
12970 Homestead Place Chino, CA 2
- 3 beds 3 baths ∙ 1,281 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,281 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $1,980
- $1.55
-
5195 Walnut Avenue Chino, CA 1
- 3 beds 2 baths ∙ 1,149 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,149 Sqft ∙ Built 1985
LEASED 12/10/20- Rent
- Rent Per SQFT
- $1,850
- $1.61
-
4975 Madison Avenue Chino, CA 3
- 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1976
LEASED 09/29/19- Rent
- Rent Per SQFT
- $2,100
- $1.49
-
13312 Carnation Place Chino, CA 4
- 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1976
LEASED 08/28/19- Rent
- Rent Per SQFT
- $2,500
- $1.56
-
13313 Norton Avenue Chino, CA 5
- 4 beds 2 baths ∙ 1,599 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,599 Sqft ∙ Built 1976
LEASED 12/26/19- Rent
- Rent Per SQFT
- $2,500
- $1.56
PROPERTY LISTING DETAILS
First Team Real Estate
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV20256908
Last Updated: 12/19/2020
