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13549 Frady Avenue Chino, CA 91710

4 Beds 2 Baths 1,586 sqft Built 1974

$558,888

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $352.39
  • 24 Days on Market
  • MLS # : CV21007178
  • Updated Date : 02/03/2021 at 14:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,586 sqft
  • Baths : 2 full
Listing Agent

Reliance Real Estate Services

Listing Agent's Description

Home Will not last long!! Recently updated - Beautiful 4 bedroom 2 bath 2-story home located in the popular Schaeffer-Roswell Homeowners Association. Main bedroom and one bath downstairs, 3 bedrooms and 1 bath upstairs. Open and spacious living room with brick fireplace, separate family room and sliding glass doors to outdoor areas, bright kitchen with garden window, ceiling fans throughout the home, forced air heating and central air conditioning, 2 car attached garage with direct access, laundry area in garage. HOA pool, spa, clubhouse and park within short walking distance, conveniently located close to schools, shopping and freeways. Don't miss out.

SEE MORE

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
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
 

$502,999$614,777$558,888

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,941
Property Tax -$512
Property Insurance -$66
HOA -$80
Property Management Fees -$138
CASH FLOW
-$397

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.

$558,888

PROJECTED PRICE

$2,340

PROJECTED RENT

0.42%

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

PROJECTED ANNUAL CASH FLOW

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

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$153,855

INVESTMENT

$153,855

Down Payment
$139,722
Rehab Estimate
$5,750
Closing Costs
$8,383

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,941

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $139,722
Loan Amount $419,166
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$7,430

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $1.48

    LIST RENT PER SQFT
  • $2,347

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$2,340
1$2,3402$2,3503$2,3954$2,6005$2,850
$2,850
RENT COMPS ANALYSIS
  • 13549 Frady Avenue Chino, CA 1
    • 4 beds 2 baths ∙ 1,586 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,586 Sqft ∙ Built 1974
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $1.48
    •  
  • 13576 Calico Place Chino, CA 2
    • 4 beds 2 baths ∙ 1,599 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,599 Sqft ∙ Built 1979
    property image
    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
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.50
    •  
  • 4118 Miguel Street Chino, CA 4
    • 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
    •  
  • 3926 Tano Street Chino, CA 5
    • 4 beds 3 baths ∙ 1,880 Sqft ∙ Built 1975 4 beds 3 baths ∙ 1,880 Sqft ∙ Built 1975
    property image
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.52
    •  
PROPERTY LISTING DETAILS
Amanda Cromer
Reliance Real Estate Services
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21007178
Last Updated: 02/03/2021
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