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16125 Almond Avenue Chino, CA 91708

4 Beds 4 Baths 2,777 sqft Built 2018

INVESTimate

$639,000

List Price

$2,750

$2,500 - $3,000

Rent Est.

$682,005  ( +6.73%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $230.10
  • 8 Days on Market
  • MLS # : TR20170193
  • Updated Date : 08/20/2020 at 05:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,777 sqft
  • Baths : 4 full
Listing Agent

Re/max Universal Realty

Listing Agent's Description

Located in the highly desirable, only gated community at The Preserve, This 2,777 sq ft home features 4 bedrooms + Loft, 4 bathrooms, and 2 car-garage. Downstairs features 1 bedroom , 1 bathroom and beautiful kitchen with stainless steel appliances, breakfast bar opening onto great room, and a spacious glass door walk-in pantry. Upstairs Master suite also includes oversized walk-in closet, and dual sink vanities in master bath with separate shower and tub. Laundry room and media room are also located upstairs. There are many upgrades through out the house: Laminate flooring ,upgraded carpet, wood shutter , low maintenance backyard. Beautiful master-planned community of Preserve in Chino where the HOA provides access to club house including fully equipped 24 hrs fitness center. tennis court,pool, Spa, Picnic areas, Clubhouse , playground , multipurpose party hall with catering kitchen ect. Easy access to FWY 71/ 60 / 91 /15.

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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

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
Cal Aero Preserve Academy Primary Regular 1,102 39 7
Cal Aero Preserve Academy Middle Regular 1,102 39 7
Chino Hills High School High Regular 3,012 111 8

Cal Aero Preserve Academy

  • Education Level: Primary
  • # of students: 1,102
  • # of teachers: 39
7
GreatSchools Rating

Cal Aero Preserve Academy

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 39
7
GreatSchools Rating

Chino Hills High School

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

$575,100$702,900$639,000

PURCHASE PRICE

$2,475$3,025$2,750

RENT

DOWN PAYMENT
FINANCING

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-$15k-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,750
EXPENSES Loan Payment -$2,358
Property Tax -$615
Property Insurance -$94
HOA -$287
Property Management Fees -$162
CASH FLOW
-$767

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.

$639,000

PROJECTED PRICE

$2,750

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 6.73%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$175,085

INVESTMENT

$175,085

Down Payment
$159,750
Rehab Estimate
$5,750
Closing Costs
$9,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,358

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $159,750
Loan Amount $479,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$855

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,750

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,763

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,7503$2,8004$2,8005$2,900
$2,900
RENT COMPS ANALYSIS
  • 16125 Almond Avenue Chino, 2
    • 4 beds 4 baths ∙ 2,777 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,777 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.99
    •  
  • 14602 Symphony Drive Eastvale, 1
    • 4 beds 4 baths ∙ 2,655 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,655 Sqft ∙ Built 2015
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.00
    •  
  • 14824 Landerwood Drive Eastvale, 3
    • 4 beds 4 baths ∙ 2,952 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,952 Sqft ∙ Built 2012
    property image
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.95
    •  
  • 15774 Sweet Bay Avenue Chino, 4
    • 5 beds 3 baths ∙ 2,805 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,805 Sqft ∙ Built 2018
    property image
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.00
    •  
  • 8807 Kings Canyon Street Chino, 5
    • 5 beds 3 baths ∙ 2,805 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,805 Sqft ∙ Built 2018
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.03
    •  
PROPERTY LISTING DETAILS
Grace Zhang
Re/max Universal Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20170193
Last Updated: 08/20/2020
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