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4987 Tyler Street Chino, CA 91710

3 Beds 2 Baths 1,491 sqft Built 1966

$510,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1966
  • Price/Sqft : $342.05
  • 4 Days on Market
  • MLS # : IG20229995
  • Updated Date : 10/31/2020 at 12:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,491 sqft
  • Baths : 2 full
Listing Agent

Realty One Group West

Listing Agent's Description

SITUATED IN THE HEART OF CHINO, CLOSE TO SHOPPING, FWYS, SCHOOLS, RESATUARANTS, CHURCHES. A LOVELY COURTYARD INVITES YOU TO THIS SPACIOUS HOME. LARGE LIVING ROOM, COUNTRY KITCHEN WITH LARGE EATING AREA. LARGE CONCRETE PATIO WITH COVER. NEW INTERIOR AND EXTERIOR PAINT.AC UNIT, PLUMBING AND ROOF WERE REPLACED ONE YEAR AGO. THIS IS A MUST SEE! *NO SHOWINGS UNTIL NOV 7*

SEE MORE

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
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
 

$459,000$561,000$510,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,882
Property Tax -$467
Property Insurance -$63
Property Management Fees -$124
CASH FLOW
-$426

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.

$510,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.41%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,900

INVESTMENT

$140,900

Down Payment
$127,500
Rehab Estimate
$5,750
Closing Costs
$7,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,882

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,500
Loan Amount $382,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$6,851

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $1.42

    LIST RENT PER SQFT
  • $2,128

    COMP ESTIMATED VALUE
  • $1.43

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1103$2,2504$2,3005$2,550
$2,550
RENT COMPS ANALYSIS
  • 4987 Tyler Street Chino, CA 2
    • 3 beds 2 baths ∙ 1,491 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,491 Sqft ∙ Built 1966
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $1.42
    •  
  • 4975 Madison Avenue Chino, CA 1
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1976
    property image
    LEASED 09/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.49
    •  
  • 12949 5th Street Chino, CA 3
    • 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1979
    property image
    LEASED 05/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.42
    •  
  • 12484 Catalpa Avenue Chino, CA 4
    • 4 beds 2 baths ∙ 1,664 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,664 Sqft ∙ Built 1964
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.38
    •  
  • 12059 Dunlap Place Chino, CA 5
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1972
    property image
    LEASED 09/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.42
    •  
PROPERTY LISTING DETAILS
Elizabeth Richardson
Realty One Group West
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG20229995
Last Updated: 10/31/2020
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