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

15963 Dexter Street Chino, CA 91708

3 Beds 3 Baths 1,626 sqft Built 2019

$560,000

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $344.40
  • 7 Days on Market
  • MLS # : TR21016103
  • Updated Date : 01/25/2021 at 14:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,626 sqft
  • Baths : 2 full , 1 half
Listing Agent

King Realty Group Inc

Listing Agent's Description

This gorgeous two story home has 3 bedroom 2.5 bath and is ready to move in!.  You will appreciate spacious living areas and a beautiful kitchen featuring custom backsplash, quartz countertops and a breakfast bar. Upstairs, the spacious master bedroom features a walk-in closet, and a private bath with dual sink vanity, large soaking tub, and a separate walk-in shower. Upstairs has 2 additional bedrooms, full bath and laundry room. The landscaped courtyard is the perfect outdoor space for relaxing. You will appreciate the extra overhead storage space and epoxy flooring in the attached 2-car garage. Great community amenities with a park, tot-lot, half-court basketball court, swimming pool and BBQ area. Buyer to assume solar lease contract at approx $57/month. Great location close to shopping center, markets, and freeway.

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
Chino Hills High School High Regular 3,012 111 8
Chino Hills High School High Unknown NA

Chino Hills High School

  • Education Level: High
  • # of students: 3,012
  • # of teachers: 111
8
GreatSchools Rating

Chino Hills High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$504,000$616,000$560,000

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$1,945
Property Tax -$539
Property Insurance -$67
HOA -$275
Property Management Fees -$143
CASH FLOW
-$549

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.

$560,000

PROJECTED PRICE

$2,420

PROJECTED RENT

0.43%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$154,150

INVESTMENT

$154,150

Down Payment
$140,000
Rehab Estimate
$5,750
Closing Costs
$8,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,945

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $140,000
Loan Amount $420,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,616

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $1.49

    LIST RENT PER SQFT
  • $2,232

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2503$2,4204$2,4505$2,500
$2,500
RENT COMPS ANALYSIS
  • 15963 Dexter Street Chino, CA 3
    • 3 beds 3 baths ∙ 1,626 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,626 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $1.49
    •  
  • 8146 Wishing Well Lane Chino, CA 1
    • 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 2006
    property image
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.36
    •  
  • 8138 W Preserve Chino, CA 2
    • 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 2006
    property image
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.39
    •  
  • 8162 W Preserve Chino, CA 4
    • 3 beds 3 baths ∙ 1,744 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,744 Sqft ∙ Built 2006
    property image
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.40
    •  
  • 15988 Begonia Avenue Chino, CA 5
    • 4 beds 3 baths ∙ 1,872 Sqft ∙ Built 2009 4 beds 3 baths ∙ 1,872 Sqft ∙ Built 2009
    property image
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.34
    •  
PROPERTY LISTING DETAILS
John Balsz
King Realty Group Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21016103
Last Updated: 01/25/2021
BESbswy