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4386 Gettysburg Street Chino, CA 91710

3 Beds 2 Baths 1,464 sqft Built 1968

$599,800

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $409.70
  • 6 Days on Market
  • MLS # : CV21010922
  • Updated Date : 01/22/2021 at 12:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,464 sqft
  • Baths : 2 full
Listing Agent

Help-u-sell Prestige Prop's

Listing Agent's Description

Move in Ready! 3 bedroom 2 bathroom SINGLE story pool home in desirable neighborhood in Chino. Tiled courtyard leads to leaded glass double door entry. Step into dramatic spacious living room with vaulted ceiling, fireplace, formal dining area and rich laminate wood flooring. Remodeled kitchen features an abundance of cabinet space, upgraded appliances, granite counters & dining nook. Family room boasts tile flooring, slider to the patio and opens to the kitchen. Gracious master bedroom with on-suite bathroom that enjoys upgraded walk in shower with elegant customized tile work. An added retreat with approximately 160 sq. ft. (not included in tax roll) to the master bedroom provides additional closet space/storage and cozy tiled fireplace, custom mantle plus private direct access to the backyard. Would make a nice home office, exercise or nursery room as well. Good sized secondary bedrooms with laminate wood flooring. Guest bathroom also has been upgraded with new counter top and tile work in the bath/shower. Private and serene backyard setting with expansive decking area, great for entertaining sparkling pool and gated RV access or recreational vehicle storage.

SEE MORE

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
Newman Elementary School Primary Regular 698 25 3
Newman Elementary School Middle Regular 698 25 3
Don Antonio Lugo High School High Regular 1,745 81 5

Newman Elementary School

  • Education Level: Primary
  • # of students: 698
  • # of teachers: 25
3
GreatSchools Rating

Newman Elementary School

  • Education Level: Middle
  • # of students: 698
  • # of teachers: 25
3
GreatSchools Rating

Don Antonio Lugo High School

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

$539,820$659,780$599,800

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$2,083
Property Tax -$549
Property Insurance -$63
Property Management Fees -$130
CASH FLOW
-$616

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.

$599,800

PROJECTED PRICE

$2,210

PROJECTED RENT

0.37%

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$164,697

INVESTMENT

$164,697

Down Payment
$149,950
Rehab Estimate
$5,750
Closing Costs
$8,997

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,083

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,950
Loan Amount $449,850
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$1,908

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $1.51

    LIST RENT PER SQFT
  • $2,214

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,1003$2,2104$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 4386 Gettysburg Street Chino, CA 3
    • 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $1.51
    •  
  • 12964 Eastend Avenue Chino, CA 1
    • 3 beds 1 baths ∙ 1,315 Sqft ∙ Built 1949 3 beds 1 baths ∙ 1,315 Sqft ∙ Built 1949
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.44
    •  
  • 4975 Madison Avenue Chino, CA 2
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1976
    LEASED 09/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.49
    •  
  • 13312 Carnation Place Chino, CA 4
    • 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1976
    LEASED 08/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.56
    •  
  • 13313 Norton Avenue Chino, CA 5
    • 4 beds 2 baths ∙ 1,599 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,599 Sqft ∙ Built 1976
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.56
    •  
PROPERTY LISTING DETAILS
Patrick Wood
Help-u-sell Prestige Prop's
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21010922
Last Updated: 01/22/2021
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