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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $388.46
- 2 Days on Market
- MLS # : TR20249347
- Updated Date : 12/19/2020 at 20:49
CONSTRUCTION
- Beds : 4
- Floor Size : 1,439 sqft
- Baths : 2 full
Listing Agent
Kw Vision
Listing Agent's Description
What's on your Christmas list? Single Level Home (Check), Oversized lot (Check), 4 Bedrooms (Check), RV/Boat Parking (Check), Upgraded Kitchen (Check) Great community with Low HOA (Check) All the boxes are checked on 13468 Wisteria, a well manicured home in the highly sought after community of Park East 3. This 4 Bedroom 2 Bathroom 1,439 Sq Ft SINGLE LEVEL home is situated on an oversized 6,750 Sq Ft lot. The home features a Master Suite with dual sinks and a stunning newly remodeled shower, 3 additional bedrooms one of which has double doors and makes the perfect office, play or Zoom room. The yard was recently professionally landscaped and lends itself to both gatherings and spacious tranquility. Upgrades and features include wood look tile flooring, updated and open kitchen, updated master shower, RV/Boat Parking and so much more. HOA amenities (Just $72/Month) include 2 Pools, vast greenbelt/park, 2 playgrounds, tennis courts, horse shoe pits, volleyball setup, running track and clubhouse. Come see all this amazing Chino home has to offer
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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 | $2,200 |
| EXPENSES | Loan Payment | -$2,062 |
| Property Tax | -$512 | |
| Property Insurance | -$62 | |
| HOA | -$72 | |
| Property Management Fees | -$130 | |
|
CASH FLOW
-$638
|
||
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.
$559,000
PROJECTED PRICE
$2,200
PROJECTED RENT
0.39%
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
$153,885
LOAN DETAILS
$2,062
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $139,750 |
| Loan Amount | $419,250 |
0.67
YEARS SAVED
$1,548
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,200
LIST RENT -
$1.53
LIST RENT PER SQFT
-
$2,191
COMP ESTIMATED VALUE -
$1.52
COMP AVG. RENT PER SQFT
Comps Range
-
13468 Wisteria Place Chino, CA 1
- 4 beds 2 baths ∙ 1,439 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,439 Sqft ∙ Built 1977
- Rent
- Rent Per SQFT
- $2,200
- $1.53
-
13576 Calico Place Chino, CA 2
- 4 beds 2 baths ∙ 1,599 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,599 Sqft ∙ Built 1979
LEASED 09/07/20- Rent
- Rent Per SQFT
- $2,350
- $1.47
-
13569 Daisy Lane Chino, CA 3
- 4 beds 2 baths ∙ 1,599 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,599 Sqft ∙ Built 1979
LEASED 02/18/20- Rent
- Rent Per SQFT
- $2,395
- $1.50
-
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
Kw Vision
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: TR20249347
Last Updated: 12/19/2020
