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13523 Lily Place Chino, CA 91710

4 Beds 3 Baths 1,920 sqft Built 1979

$545,000

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $283.85
  • 5 Days on Market
  • MLS # : TR20233051
  • Updated Date : 11/07/2020 at 15:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,920 sqft
  • Baths : 2 full , 1 half
Listing Agent

Good Harvest Investment Group

Listing Agent's Description

There are two Community Swimming Pools, one Tennis Court, small park managed by HOA, need to pay for access Tennis Court. Four Bedrooms and 2.5 Bathrooms, all bedrooms upstairs, Upgraded kitchen with Corian Countertop, formal living room and Family Room, fireplace in living room and Master Bedroom, all windows upgraded to Double Paned, open laundry room next to Garage. Located at the end of Cul De Sac. Convenient to Shopping Center & 99 Ranch Chinese Super Market. Solar Panel Leased.

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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

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
Doris Dickson Elementary School Primary Regular 667 23 3
Doris Dickson Elementary School Middle Regular 667 23 3
Don Antonio Lugo High School High Regular 1,745 81 5

Doris Dickson Elementary School

  • Education Level: Primary
  • # of students: 667
  • # of teachers: 23
3
GreatSchools Rating

Doris Dickson Elementary School

  • Education Level: Middle
  • # of students: 667
  • # of teachers: 23
3
GreatSchools Rating

Don Antonio Lugo High School

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

$490,500$599,500$545,000

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$2,011
Property Tax -$499
Property Insurance -$74
HOA -$72
Property Management Fees -$158
CASH FLOW
-$143

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.

$545,000

PROJECTED PRICE

$2,670

PROJECTED RENT

0.49%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$150,175

INVESTMENT

$150,175

Down Payment
$136,250
Rehab Estimate
$5,750
Closing Costs
$8,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,011

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $136,250
Loan Amount $408,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$28,521

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,670

    LIST RENT
  • $1.39

    LIST RENT PER SQFT
  • $2,659

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6003$2,6004$2,6705$2,750
$2,750
RENT COMPS ANALYSIS
  • 13523 Lily Place Chino, CA 4
    • 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $1.39
    •  
  • 4429 Lavender Court Chino, CA 1
    • 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1977
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.30
    •  
  • 4118 Miguel Street Chino, CA 2
    • 4 beds 2 baths ∙ 1,822 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,822 Sqft ∙ Built 1974
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.43
    •  
  • 4481 Heather Circle Chino, CA 3
    • 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1977
    property image
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.35
    •  
  • 13599 Wilbur Avenue Chino, CA 5
    • 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 1975
    property image
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.46
    •  
PROPERTY LISTING DETAILS
Peter Lee
Good Harvest Investment Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20233051
Last Updated: 11/07/2020
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