Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

14742 Appalachian Street Chino, CA 91710

4 Beds 3 Baths 2,310 sqft Built 2013

$610,000

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
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!

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
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
 

$549,000$671,000$610,000

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

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

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$167,400

INVESTMENT

$167,400

Down Payment
$152,500
Rehab Estimate
$5,750
Closing Costs
$9,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,251

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $152,500
Loan Amount $457,500
See What Happens When You Reinvest Cash Flow

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
$2,650
1$2,6502$2,7403$2,8004$2,8005$3,000
$3,000
RENT COMPS ANALYSIS
  • 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
Heidi Carter
Windermere R.e. Tower Prop.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20233820
Last Updated: 11/14/2020
BESbswy