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14609 Mckendree Avenue Chino, CA 91710

5 Beds 4 Baths 2,908 sqft Built 2008

$649,888

List Price

$2,880

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $223.48
  • 6 Days on Market
  • MLS # : IG20228362
  • Updated Date : 10/29/2020 at 11:44
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,908 sqft
  • Baths : 4 full
Listing Agent

Provident Real Estate

Listing Agent's Description

Turnkey home located in the highly desired College Park Community. PAID OFF SOLAR! This property offers over 2,900 square feet of living space including 5 bedrooms and 4 bathrooms. One bedroom and full bathroom is located in the first floor, ideal for overnight guests. Upon entry you are greeted by the formal living and dining area equipped with engineered wood flooring and plantation shutters. Entertain effortlessly in this open floor plan! The kitchen boasts a large island with additional seating, granite counter tops, stainless steel appliances and plenty of space for all of your organizational and storage needs. Opening up to the spacious family room equipped with a fireplace, built-in entertainment area and ceiling fan. Moving along upstairs you will find the master bedroom showcasing a en-suite with dual sinks, two large walk-in closet and a deep soaking tub. Three additional bedrooms and two bathrooms are also located upstairs. Enjoy the California sunshine in the backyard landscaped to perfection offering easy maintenance. 2 car garage with epoxy flooring. HOA amenities include swimming pool, gym, club house, and MORE! Schedule your private showing today!

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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
Edwin Rhodes Elementary School Primary Magnet 798 28 8
Edwin Rhodes Elementary School Middle Magnet 798 28 8
Chino High School High Regular 2,369 99 5

Edwin Rhodes Elementary School

  • Education Level: Primary
  • # of students: 798
  • # of teachers: 28
8
GreatSchools Rating

Edwin Rhodes Elementary School

  • Education Level: Middle
  • # of students: 798
  • # of teachers: 28
8
GreatSchools Rating

Chino High School

  • Education Level: High
  • # of students: 2,369
  • # of teachers: 99
5
GreatSchools Rating
 

$584,899$714,877$649,888

PURCHASE PRICE

$2,592$3,168$2,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,880
EXPENSES Loan Payment -$2,398
Property Tax -$787
Property Insurance -$98
HOA -$180
Property Management Fees -$170
CASH FLOW
-$752

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.

$649,888

PROJECTED PRICE

$2,880

PROJECTED RENT

0.44%

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$177,970

INVESTMENT

$177,970

Down Payment
$162,472
Rehab Estimate
$5,750
Closing Costs
$9,748

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,472
Loan Amount $487,416
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,084

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,880

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $3,068

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,880
1$2,8802$3,1003$3,1004$3,1005$3,200
$3,200
RENT COMPS ANALYSIS
  • 14609 Mckendree Avenue Chino, CA 1
    • 5 beds 4 baths ∙ 2,908 Sqft ∙ Built 2008 5 beds 4 baths ∙ 2,908 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $2,880
    • $0.99
    •  
  • 6506 Vanderbilt Street Chino, CA 2
    • 4 beds 3 baths ∙ 3,089 Sqft ∙ Built 2012 4 beds 3 baths ∙ 3,089 Sqft ∙ Built 2012
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.00
    •  
  • 6199 Castleton Street Chino, CA 3
    • 5 beds 3 baths ∙ 2,785 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,785 Sqft ∙ Built 2014
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.11
    •  
  • 6170 Satterfield Way Chino, CA 4
    • 4 beds 3 baths ∙ 2,988 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,988 Sqft ∙ Built 2015
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.04
    •  
  • 6191 Davidson Street Chino, CA 5
    • 4 beds 3 baths ∙ 2,999 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,999 Sqft ∙ Built 2015
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.07
    •  
PROPERTY LISTING DETAILS
Nazar Kalayji
Provident Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG20228362
Last Updated: 10/29/2020
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