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PROPERTY INFO
FACTS
- Single Family
- Built In 1976
- Price/Sqft : $394.78
- 3 Days on Market
- MLS # : SR21019801
- Updated Date : 01/29/2021 at 22:13
CONSTRUCTION
- Beds : 3
- Floor Size : 1,264 sqft
- Baths : 2 full
Listing Agent
Pinnacle Estate Properties
Listing Agent's Description
This stunning single story ranch 3 bedroom, 2 bathrooms, 1,264 sq.ft. home is located on a 7,200 sq.ft. lot in the desirable Chino neighborhood! The huge living room is bathed in natural and enhanced by a dramatic fireplace. The remodeled kitchens has refaced cabinets and granite counter tops and opens to dining area which is adorned by views of the backyard. Spacious master suite with sliding door and private master bath with large closet. The two guest bedrooms are generously sized and share the full hall bathroom. This house offers central air & heat, some double paned windows, laundry hook ups, and a 2 car garage with over-sized driveway. Tiled sunroom provides additional living area and opens to private entertainers low maintenance backyard with fruit trees. Great location near restaurants, schools, parks, and transportation - major freeways.
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MARKET HIGHLIGHTS
- 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)
- Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (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 | $2,250 |
| EXPENSES | Loan Payment | -$1,733 |
| Property Tax | -$457 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$133 | |
|
CASH FLOW
-$131
|
||
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.
$499,000
PROJECTED PRICE
$2,250
PROJECTED RENT
0.45%
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
$137,985
LOAN DETAILS
$1,733
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $124,750 |
| Loan Amount | $374,250 |
4.33
YEARS SAVED
$21,111
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,250
LIST RENT -
$1.78
LIST RENT PER SQFT
-
$1,997
COMP ESTIMATED VALUE -
$1.58
COMP AVG. RENT PER SQFT
Comps Range
-
13154 Bunker Hill Place Chino, CA 2
- 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1976
![property image]()
- Rent
- Rent Per SQFT
- $2,250
- $1.78
-
1132 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 12/19/20- 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
-
6691 Eagle Drive Chino, CA 4
- 4 beds 2 baths ∙ 1,590 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,590 Sqft ∙ Built 1984
![property image]()
LEASED 08/31/19- Rent
- Rent Per SQFT
- $2,390
- $1.50
-
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
Pinnacle Estate Properties
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SR21019801
Last Updated: 01/29/2021
