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13268 Roswell Avenue Chino, CA 91710

4 Beds 3 Baths 2,481 sqft Built 1964

$848,000

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $341.80
  • 31 Days on Market
  • MLS # : TR21019848
  • Updated Date : 02/22/2021 at 08:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,481 sqft
  • Baths : 2 full , 1 half
Listing Agent

Remax 2000 Realty

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
 

$763,200$932,800$848,000

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$2,945
Property Tax -$773
Property Insurance -$87
Property Management Fees -$166
CASH FLOW
-$1,152

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.

$848,000

PROJECTED PRICE

$2,820

PROJECTED RENT

0.33%

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$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$230,470

INVESTMENT

$230,470

Down Payment
$212,000
Rehab Estimate
$5,750
Closing Costs
$12,720

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,945

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,000
Loan Amount $636,000
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$163

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,820

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $3,093

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8203$3,2004$3,600
$3,600
RENT COMPS ANALYSIS
  • 13268 Roswell Avenue Chino, CA 2
    • 4 beds 3 baths ∙ 2,481 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,481 Sqft ∙ Built 1964
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $1.14
    •  
  • 13681 San Juan Court Chino, CA 1
    • 5 beds 3 baths ∙ 2,286 Sqft ∙ Built 1975 5 beds 3 baths ∙ 2,286 Sqft ∙ Built 1975
    property image
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.18
    •  
  • 3480 Alder Place Chino Hills, CA 3
    • 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 1978
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.20
    •  
  • 12524 Monte Vista Avenue Chino, CA 4
    • 4 beds 4 baths ∙ 2,656 Sqft ∙ Built 1963 4 beds 4 baths ∙ 2,656 Sqft ∙ Built 1963
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.36
    •  
PROPERTY LISTING DETAILS
Xiao Zhang
Remax 2000 Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21019848
Last Updated: 02/22/2021
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