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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $264.07
- 3 Days on Market
- MLS # : IV20233820
- Updated Date : 11/14/2020 at 05:12
CONSTRUCTION
- Beds : 4
- Floor Size : 2,310 sqft
- Baths : 3 full
Listing Agent
Windermere R.e. Tower Prop.
Listing Agent's Description
Presenting a lovely new listing in the master planned community of the Commons at College Park! Envision cozy mornings and cool fall evenings on the covered front porch of this 4-bedroom, 3 bath home with over 2300 S.F. of open living space. You will enjoy soaking in the peaceful views of the Burrowing Owl Preserve that sprawls over 24-acres and lies directly across the street from this turnkey home. A bedroom and full bath downstairs makes for a prefect retreat for out of town guests or the in-laws, and with the holidays upon us, a gourmet kitchen will make entertaining effortless, with a huge kitchen island, granite counter tops, and stainless-steel appliances. Upstairs hosts the laundry room, two additional nicely sized bedrooms, a full bath, center hall with linen storage, and the master suite complete with 2 walk-in closets, a spacious separate shower and soaking tub. Having top notch amenities in the neighborhood such as: two community pools, spa, BBQ/picnic area, kid’s splash playground, party room and more- its no wonder they call this “resort like living.” Conveniently located to the private clubhouse, close to everyday shopping, supermarkets, great schools, parks, and freeways. Call to 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chino
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,740 |
| EXPENSES | Loan Payment | -$2,251 |
| Property Tax | -$738 | |
| Property Insurance | -$83 | |
| HOA | -$180 | |
| Property Management Fees | -$162 | |
|
CASH FLOW
-$674
|
||
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.
$610,000
PROJECTED PRICE
$2,740
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$167,400
LOAN DETAILS
$2,251
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $152,500 |
| Loan Amount | $457,500 |
0.58
YEARS SAVED
$1,519
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,740
LIST RENT -
$1.19
LIST RENT PER SQFT
-
$2,732
COMP ESTIMATED VALUE -
$1.18
COMP AVG. RENT PER SQFT
Comps Range
-
14742 Appalachian Street Chino, CA 2
- 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 2013
![property image]()
- Rent
- Rent Per SQFT
- $2,740
- $1.19
-
14665 Marquette Avenue Chino, CA 1
- 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 2013
![property image]()
LEASED 03/21/20- Rent
- Rent Per SQFT
- $2,650
- $1.13
-
14703 Marquette Avenue Chino, CA 3
- 4 beds 4 baths ∙ 2,452 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,452 Sqft ∙ Built 2013
![property image]()
LEASED 11/22/19- Rent
- Rent Per SQFT
- $2,800
- $1.14
-
14693 Norfolk Avenue Chino, CA 4
- 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 2013
![property image]()
LEASED 11/28/19- Rent
- Rent Per SQFT
- $2,800
- $1.21
-
14244 Willamette Avenue Chino, CA 5
- 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 2015
![property image]()
LEASED 10/02/20- Rent
- Rent Per SQFT
- $3,000
- $1.25
PROPERTY LISTING DETAILS
Windermere R.e. Tower Prop.
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: IV20233820
Last Updated: 11/14/2020
