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13204 Derby Avenue Chino, CA 91710

5 Beds 2 Baths 2,994 sqft Built 1999

$699,000

List Price

$2,890

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $233.47
  • 3 Days on Market
  • MLS # : CV21017658
  • Updated Date : 01/30/2021 at 20:24
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,994 sqft
  • Baths : 2 full
Listing Agent

Help-u-sell Prestige Prop's

Listing Agent's Description

Welcome to Derby Ave, this highly sought after area of Chino is walking distance to Heritage Park, Lowe’s and other shopping nearby. This house has nearly 3000 square feet of living space, owned by a contractor who made sure to care for the smallest details. As you step into this home you’ll find updated flooring, recessed lighting a spacious and open kitchen with an oversized walk in pantry, a 3/4 downstairs bathroom, desirable downstairs bedroom, high efficiency toilets, and a back yard that has been tastefully landscaped with drains and multiple fruit trees. The wonderful variety of trees include a lemon, lime, peach, apple and fig trees that will compliment any meal you desire in your newly renovated kitchen. During the summer you’ll be glad to have newer blinds to keep the heat out along with the dual pane windows. Floorplan features one bedroom downstairs and four nicely sized bedrooms upstairs, including an amazing and spacious master retreat. The bedroom closets also have custom built in organizers. Upon entering the garage you will find upgraded 240 volt electrical connection to charge your electric vehicle or to power your work shop. This neighborhood has a pride of ownership unlike most others, with many original owners which easily shows as your walk through this safe and friendly community. Close to coveted Chino Schools, freeways and shopping.

SEE MORE

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

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
Ramona Junior High School Middle Regular 579 28 3
Don Antonio Lugo High School High Regular 1,745 81 5

Ramona Junior High School

  • Education Level: Middle
  • # of students: 579
  • # of teachers: 28
3
GreatSchools Rating

Don Antonio Lugo High School

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

$629,100$768,900$699,000

PURCHASE PRICE

$2,601$3,179$2,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,890
EXPENSES Loan Payment -$2,428
Property Tax -$640
Property Insurance -$100
Property Management Fees -$171
CASH FLOW
-$448

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.

$699,000

PROJECTED PRICE

$2,890

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$12,267

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,890

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $3,104

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8903$3,1004$3,200
$3,200
RENT COMPS ANALYSIS
  • 13204 Derby Avenue Chino, CA 2
    • 5 beds 2 baths ∙ 2,994 Sqft ∙ Built 1999 5 beds 2 baths ∙ 2,994 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,890
    • $0.97
    •  
  • 4729 Liberty Street Chino, CA 1
    • 4 beds 3 baths ∙ 2,942 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,942 Sqft ∙ Built 2002
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.95
    •  
  • 4691 Revere Court Chino, CA 3
    • 5 beds 3 baths ∙ 2,942 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,942 Sqft ∙ Built 2002
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.05
    •  
  • 4507 Carmen Street Chino, CA 4
    • 5 beds 3 baths ∙ 2,872 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,872 Sqft ∙ Built 1999
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.11
    •  
PROPERTY LISTING DETAILS
Patrick Wood
Help-u-sell Prestige Prop's
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21017658
Last Updated: 01/30/2021
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