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4103 Maria Court Chino, CA 91710

4 Beds 2 Baths 1,775 sqft Built 1974

$623,888

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $351.49
  • 7 Days on Market
  • MLS # : TR21007862
  • Updated Date : 01/18/2021 at 10:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,775 sqft
  • Baths : 2 full
Listing Agent

King Realty Group Inc

Listing Agent's Description

LOW TAX RATE!!! NO HOA!!! SINGLE STORY!!! 4 BEDROOMS!!! CUL-De-SAC!!! NORTH FACING!!! Highly desirable Chino gem located in a lovely neighborhood! This 4 bedroom, single story home, with double door entry sits in an excellent location of the community on a cul-de-sac and across the street from Don Lugo High School! This beautiful home has the coveted “open concept” connecting the kitchen with granite tops, sliding interior cabinet drawers and stainless steal appliances, dining and living rooms all together. Both bathrooms have been renovated. NEW LVP flooring and NEW carpeting has been installed in all 4 bedrooms! Well cared for and spacious, this home has a renovated fireplace, NEWER heating system, and has been FRESHLY painted inside. There is ample parking in the front/side yard. This home is also a “Lewis Home”. The roomy and private rear yard features a pergola and plenty of additional room to add your own touches. The roof is 5 years NEW. Walking distance to schools, shopping, parks, restaurants, and quick and easy access to the 71 and 60 freeways. Don’t miss out on this lovely home! THIS ONE WONT LAST!!!

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MARKET HIGHLIGHTS

  • 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.
  • 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)

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
Doris Dickson Elementary School Primary Regular 667 23 3
Doris Dickson Elementary School Middle Regular 667 23 3
Don Antonio Lugo High School High Regular 1,745 81 5

Doris Dickson Elementary School

  • Education Level: Primary
  • # of students: 667
  • # of teachers: 23
3
GreatSchools Rating

Doris Dickson Elementary School

  • Education Level: Middle
  • # of students: 667
  • # of teachers: 23
3
GreatSchools Rating

Don Antonio Lugo High School

  • Education Level: High
  • # of students: 1,745
  • # of teachers: 81
5
GreatSchools Rating
 

$561,499$686,277$623,888

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$2,167
Property Tax -$571
Property Insurance -$70
Property Management Fees -$155
CASH FLOW
-$343

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.

$623,888

PROJECTED PRICE

$2,620

PROJECTED RENT

0.42%

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-$5.0k$0.0$5.0k$10k$15k$20k

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$171,080

INVESTMENT

$171,080

Down Payment
$155,972
Rehab Estimate
$5,750
Closing Costs
$9,358

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,167

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $155,972
Loan Amount $467,916
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$14,133

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $1.48

    LIST RENT PER SQFT
  • $2,623

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,6003$2,6204$2,7505$2,850
$2,850
RENT COMPS ANALYSIS
  • 4103 Maria Court Chino, CA 3
    • 4 beds 2 baths ∙ 1,775 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,775 Sqft ∙ Built 1974
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $1.48
    •  
  • 13569 Daisy Lane Chino, CA 1
    • 4 beds 2 baths ∙ 1,599 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,599 Sqft ∙ Built 1979
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.50
    •  
  • 4118 Miguel Street Chino, CA 2
    • 4 beds 2 baths ∙ 1,822 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,822 Sqft ∙ Built 1974
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.43
    •  
  • 13599 Wilbur Avenue Chino, CA 4
    • 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 1975
    property image
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.46
    •  
  • 3926 Tano Street Chino, CA 5
    • 4 beds 3 baths ∙ 1,880 Sqft ∙ Built 1975 4 beds 3 baths ∙ 1,880 Sqft ∙ Built 1975
    property image
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.52
    •  
PROPERTY LISTING DETAILS
Brenda Maleskey
King Realty Group Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21007862
Last Updated: 01/18/2021
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