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PROPERTY INFO
FACTS
- Single Family
- Built In 2011
- Price/Sqft : $236.79
- 8 Days on Market
- MLS # : TR20234328
- Updated Date : 11/15/2020 at 22:16
CONSTRUCTION
- Beds : 4
- Floor Size : 2,196 sqft
- Baths : 2 full , 1 half
Listing Agent
Pinnacle Real Estate Group
Listing Agent's Description
This Detached "clustered" cul-de-sac home locate in the desirable Birchwood Community. One of the largest lots in the community with fruit trees Brand new wood flooring through out of the whole house, very easy to maintain Gourmet kitchen with big eat-in island, walk-in pantry, lots of counter space & cabinets, Downstairs office/den could be converted to 4th bedroom. Huge family room/bonus room upstairs with view, Each upstairs bedroom has own walk-in closet. Indoor laundry, Recessed lighting, Wired for security-existing ADT contract can be taken over by new owner, Very lovely community with huge park area, BBQ's, walkways, basketball court, playground, gazebos, pool & spa. Great schools: Cal Aero Preserve Academy K-8 and Chino Hills High. Convenient location, Easy access to freeways 71/ 60 / 91 /15
SEE MORE
MARKET HIGHLIGHTS
- 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)
- 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)
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 | $2,460 |
| EXPENSES | Loan Payment | -$1,919 |
| Property Tax | -$501 | |
| Property Insurance | -$80 | |
| HOA | -$233 | |
| Property Management Fees | -$145 | |
|
CASH FLOW
-$418
|
||
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.
$520,000
PROJECTED PRICE
$2,460
PROJECTED RENT
0.47%
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
$143,550
LOAN DETAILS
$1,919
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $130,000 |
| Loan Amount | $390,000 |
1.58
YEARS SAVED
$6,351
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,460
LIST RENT -
$1.12
LIST RENT PER SQFT
-
$2,421
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
16108 Compass Avenue Chino, CA 2
- 4 beds 3 baths ∙ 2,196 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,196 Sqft ∙ Built 2011
- Rent
- Rent Per SQFT
- $2,460
- $1.12
-
8142 Garden Gate Street Chino, CA 1
- 3 beds 2 baths ∙ 2,074 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,074 Sqft ∙ Built 2006
LEASED 06/15/20- Rent
- Rent Per SQFT
- $2,300
- $1.11
-
7983 Beacon Street Chino, CA 3
- 3 beds 3 baths ∙ 2,190 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,190 Sqft ∙ Built 2005
LEASED 09/16/20- Rent
- Rent Per SQFT
- $2,490
- $1.14
-
16073 Songbird Lane Chino, CA 4
- 3 beds 3 baths ∙ 2,331 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,331 Sqft ∙ Built 2013
LEASED 03/14/20- Rent
- Rent Per SQFT
- $2,495
- $1.07
-
7979 Meridian Street Chino, CA 5
- 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 2012
LEASED 07/16/20- Rent
- Rent Per SQFT
- $2,500
- $1.09
PROPERTY LISTING DETAILS
Pinnacle Real Estate Group
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: TR20234328
Last Updated: 11/15/2020
