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4530 Hastings Court Chino, CA 91710

5 Beds 3 Baths 2,872 sqft Built 1998

$689,800

List Price

$2,880

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $240.18
  • 4 Days on Market
  • MLS # : CV21007867
  • Updated Date : 01/15/2021 at 14:37
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,872 sqft
  • Baths : 2 full , 1 half
Listing Agent

Help-u-sell Prestige Prop's

Listing Agent's Description

5 bedrooms, 2 1/2-bathroom pool/spa home situated on a private corner lot. Located in a desirable Chino neighborhood this home offers an open floor plan. Tiled entry leads to gracious formal living and dining area with recessed lighting and plantation shutters. Remodeled chef's kitchen offers an abundance of counter and cabinet space, island with breakfast bar, walk-in pantry, upgraded appliances and cheery breakfast area. Spacious family room boasts ledger stone fireplace with custom mantle, plantation shutters and upgraded french door with side panels. Family room opens to the kitchen. Oversized master bedroom features walk-in closet, on-suite bath with dual sink vanity, soaking tub, separate shower and tile flooring. Nicely sized secondary bedrooms each with ceiling fan and plantation shutters. Updated guest bathroom with dual sink vanity, fixtures and tile flooring. Private and serene backyard setting offers expansive covered patio with fan, large lawn area, RV parking, fire pit and sparkling pool and spa! Notable extra includes paid solar system, a great way to reduce utility bills for the home. Close to coveted Chino Schools, freeways and shopping.

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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
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
 

$620,820$758,780$689,800

PURCHASE PRICE

$2,592$3,168$2,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,880
EXPENSES Loan Payment -$2,396
Property Tax -$632
Property Insurance -$97
Property Management Fees -$170
CASH FLOW
-$414

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.

$689,800

PROJECTED PRICE

$2,880

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$188,547

INVESTMENT

$188,547

Down Payment
$172,450
Rehab Estimate
$5,750
Closing Costs
$10,347

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,396

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $172,450
Loan Amount $517,350
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$13,460

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,880

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $3,025

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,880
1$2,8802$2,9003$3,1004$3,200
$3,200
RENT COMPS ANALYSIS
  • 4530 Hastings Court Chino, CA 1
    • 5 beds 3 baths ∙ 2,872 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,872 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,880
    • $1.00
    •  
  • 12468 Orgren Court Chino, CA 2
    • 5 beds 4 baths ∙ 2,891 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,891 Sqft ∙ Built 2006
    LEASED 07/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.00
    •  
  • 4691 Revere Court Chino, CA 3
    • 5 beds 3 baths ∙ 2,942 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,942 Sqft ∙ Built 2002
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.05
    •  
  • 4507 Carmen Street Chino, CA 4
    • 5 beds 3 baths ∙ 2,872 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,872 Sqft ∙ Built 1999
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.11
    •  
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 #: CV21007867
Last Updated: 01/15/2021
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