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13262 Orange Court Chino, CA 91710

4 Beds 2 Baths 1,816 sqft Built 1989

$675,000

List Price

$2,680

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $371.70
  • 3 Days on Market
  • MLS # : IV21019276
  • Updated Date : 01/29/2021 at 19:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,816 sqft
  • Baths : 2 full
Listing Agent

Windermere R.e. Tower Prop.

Listing Agent's Description

Seldom available single story POOL home with RV parking AND solar. Tastefully updated and meticulously maintained. Kitchen has been remodeled and now boasts large island with bar seating and views out to the sparking saltwater pool. Newer flooring, cabinetry, and updated bathrooms. Convenient laundry room at the end of the hallway just past bedroom #4 that is currently used as an office. Alumawood patio cover provides ample space for year round outdoor entertaining. Large storage shed at side yard is perfect for keeping the attached garage clutter free. Significant updates inside and out make this home absolutely turnkey.

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
Magnolia Junior High School Middle Regular 684 30 3
Chino High School High Regular 2,369 99 5

Magnolia Junior High School

  • Education Level: Middle
  • # of students: 684
  • # of teachers: 30
3
GreatSchools Rating

Chino High School

  • Education Level: High
  • # of students: 2,369
  • # of teachers: 99
5
GreatSchools Rating
 

$607,500$742,500$675,000

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 -$2,345
Property Tax -$646
Property Insurance -$71
Property Management Fees -$158
CASH FLOW
-$539

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.

$675,000

PROJECTED PRICE

$2,680

PROJECTED RENT

0.40%

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

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$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,345

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$6,999

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
  • $1.48

    LIST RENT PER SQFT
  • $2,756

    COMP ESTIMATED VALUE
  • $1.52

    COMP AVG. RENT PER SQFT
Comps Range
$2,480
1$2,4802$2,5003$2,5004$2,5005$2,680
$2,680
RENT COMPS ANALYSIS
  • 13262 Orange Court Chino, CA 5
    • 4 beds 2 baths ∙ 1,816 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,816 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,680
    • $1.48
    •  
  • 13065 Cowan Avenue Chino, CA 1
    • 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 2006
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $1.53
    •  
  • 13137 Melon Avenue Chino, CA 2
    • 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 2006
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.54
    •  
  • 12965 Raintree Place Chino, CA 3
    • 4 beds 2 baths ∙ 1,658 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,658 Sqft ∙ Built 1976
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.51
    •  
  • 12707 Conifer Avenue Chino, CA 4
    • 3 beds 3 baths ∙ 1,676 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,676 Sqft ∙ Built 2002
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.49
    •  
PROPERTY LISTING DETAILS
James Monks
Windermere R.e. Tower Prop.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21019276
Last Updated: 01/29/2021
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