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13623 Geranium Street Chino, CA 91710

4 Beds 3 Baths 1,913 sqft Built 1986

$699,000

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $365.39
  • 6 Days on Market
  • MLS # : TR21047914
  • Updated Date : 03/17/2021 at 16:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,913 sqft
  • Baths : 2 full , 1 half
Listing Agent

Kw Vision

Listing Agent's Description

Welcome to 13623 Geranium, a one of a kind West Chino stunner! Meticulously manicured landscaping, unmatched curb appeal, custom appointed interior and a backyard oasis rarely offered. Situated on a 10,000 SQ FT outside corner lot you are welcomed by a 2020 Mayor's Home Beautification Award winning front yard. Enter through the double doors into a large living room and formal dining room with crown moulding and engineered wood flooring which flow into the family room with custom built in shelving and fireplace. Pristine open kitchen with professional grade stainless steel appliances, granite counter tops and backsplash looks out over a lush backyard and pool. Downstairs also features the 4th bedroom currently configured as an office with built in desk and storage, 1/2 bathroom and direct access to the garage. Upstairs features the large master suite with high ceilings and large upgraded shower. 2 additional bedrooms and a second full bath complete the upstairs. Grab your swimsuit and head outside to this one of a kind backyard where a beautiful pool with waterfall is the focal point equally matched by the vast open space, thriving lawn, built in bbq island with refrigerator and plenty of additional space for the kids to run around, start a garden and whatever else you desire. The backyard also hosts a 400 SQ FT pool house/home gym/casita with electricity and AC wall unit. Feel away from it all while conveniently situated close to multiple freeways, shops and restaurants.

SEE MORE

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

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
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$2,428
Property Tax -$640
Property Insurance -$74
Property Management Fees -$149
CASH FLOW
-$761

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.

$699,000

PROJECTED PRICE

$2,530

PROJECTED RENT

0.36%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,566

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,530

    LIST RENT
  • $1.32

    LIST RENT PER SQFT
  • $2,755

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$2,530
1$2,5302$2,6003$2,6004$2,7505$2,850
$2,850
RENT COMPS ANALYSIS
  • 13623 Geranium Street Chino, CA 1
    • 4 beds 3 baths ∙ 1,913 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,913 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $1.32
    •  
  • 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 4
    • 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
    •  
  • 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
Thomas Ryan
Kw Vision
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21047914
Last Updated: 03/17/2021
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