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14645 Marquette Avenue Chino, CA 91710

3 Beds 3 Baths 1,851 sqft Built 2013

$588,000

List Price

$2,610

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $317.67
  • 5 Days on Market
  • MLS # : PW21015889
  • Updated Date : 01/27/2021 at 05:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,851 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Newport Estate

Listing Agent's Description

Gorgeous home located at the desirable College park in Chino. This two story condo has 3 bedroom and 3 bathrooms and 2 cars garage. The bedrooms and laundry room are upstairs. Master bedroom has a large walk-in closet. There is a half bathroom downstairs for added convenience. The Open kitchen has a nice island that doubles as a spacious eating area. Newly replaced wood floor throughout the living room to all the bedrooms. The natural sunlight from large picturesque windows flows through every square foot of this beautiful well designed floorplan. A MUST SEE!!!

SEE MORE

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
Magnolia Junior High School Middle Regular 684 30 3
Chino High School High Regular 2,369 99 5

Magnolia Junior High School

  • Education Level: Middle
  • # of students: 684
  • # of teachers: 30
3
GreatSchools Rating

Chino High School

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

$529,200$646,800$588,000

PURCHASE PRICE

$2,349$2,871$2,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,610
EXPENSES Loan Payment -$2,042
Property Tax -$712
Property Insurance -$72
HOA -$237
Property Management Fees -$154
CASH FLOW
-$607

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.

$588,000

PROJECTED PRICE

$2,610

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

PROJECTED ANNUAL CASH FLOW

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

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$161,570

INVESTMENT

$161,570

Down Payment
$147,000
Rehab Estimate
$5,750
Closing Costs
$8,820

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,000
Loan Amount $441,000
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,056

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,610

    LIST RENT
  • $1.41

    LIST RENT PER SQFT
  • $2,610

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,5003$2,5004$2,5005$2,610
$2,610
RENT COMPS ANALYSIS
  • 14645 Marquette Avenue Chino, CA 5
    • 3 beds 3 baths ∙ 1,851 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,851 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,610
    • $1.41
    •  
  • 6044 La Grange Lane Chino, CA 1
    • 3 beds 3 baths ∙ 1,851 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,851 Sqft ∙ Built 2014
    LEASED 08/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.32
    •  
  • 14548 Hillsdale Street Chino, CA 2
    • 3 beds 3 baths ∙ 1,750 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,750 Sqft ∙ Built 2015
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.43
    •  
  • 14642 Marist Lane Chino, CA 3
    • 3 beds 3 baths ∙ 1,713 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,713 Sqft ∙ Built 2013
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.46
    •  
  • 14516 Hillsdale St. Chino, CA 4
    • 3 beds 3 baths ∙ 1,750 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,750 Sqft ∙ Built 2016
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.43
    •  
PROPERTY LISTING DETAILS
Jordan Wang
Keller Williams Newport Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21015889
Last Updated: 01/27/2021
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