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5944 Ashley Court Chino, CA 91710

4 Beds 3 Baths 1,830 sqft Built 1987

$589,900

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1987
  • Price/Sqft : $322.35
  • 5 Days on Market
  • MLS # : PW20229734
  • Updated Date : 10/30/2020 at 16:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,830 sqft
  • Baths : 3 full
Listing Agent

Help-u-sell Beachside

Listing Agent's Description

Nice Chino Home in excellent location. This house has 4 bedrooms and 3 full baths with 1,830 sqft on a 5,955 sqft lot. The back yard is huge with big patio, with palm trees and fruit trees. Kitchen is very roomy with plenty of cabinets, and granite counters. The family room is very cozy with fireplace, and living room is the front next to the entrance with high ceilings and nice-looking chandeliers. There is bedroom downstairs with full bath. Master bedroom is upstairs with walk in closets. All bathrooms have been recently updated, and the laundry room is on the inside. This house offers 3 car garage space and plenty of storage space. Conveniently located close to schools, shopping, and entertainment. No HOA fees!

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
Edwin Rhodes Elementary School Primary Magnet 798 28 8
Edwin Rhodes Elementary School Middle Magnet 798 28 8
Chino High School High Regular 2,369 99 5

Edwin Rhodes Elementary School

  • Education Level: Primary
  • # of students: 798
  • # of teachers: 28
8
GreatSchools Rating

Edwin Rhodes Elementary School

  • Education Level: Middle
  • # of students: 798
  • # of teachers: 28
8
GreatSchools Rating

Chino High School

  • Education Level: High
  • # of students: 2,369
  • # of teachers: 99
5
GreatSchools Rating
 

$530,910$648,890$589,900

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$2,176
Property Tax -$540
Property Insurance -$72
Property Management Fees -$137
CASH FLOW
-$596

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.

$589,900

PROJECTED PRICE

$2,330

PROJECTED RENT

0.39%

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$162,074

INVESTMENT

$162,074

Down Payment
$147,475
Rehab Estimate
$5,750
Closing Costs
$8,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,176

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $147,475
Loan Amount $442,425
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$3,879

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $1.27

    LIST RENT PER SQFT
  • $2,324

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3303$2,4004$2,4505$2,580
$2,580
RENT COMPS ANALYSIS
  • 5944 Ashley Court Chino, CA 2
    • 4 beds 3 baths ∙ 1,830 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,830 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $1.27
    •  
  • 6233 Yorkshire Court Chino, CA 1
    • 4 beds 3 baths ∙ 1,971 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,971 Sqft ∙ Built 1987
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.17
    •  
  • 13850 Cypress Avenue Chino, CA 3
    • 3 beds 4 baths ∙ 1,727 Sqft ∙ Built 1989 3 beds 4 baths ∙ 1,727 Sqft ∙ Built 1989
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.39
    •  
  • 13585 Joshua Lane Chino, CA 4
    • 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 1989
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.26
    •  
  • 6706 Harrington Court Chino, CA 5
    • 4 beds 3 baths ∙ 2,047 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,047 Sqft ∙ Built 1990
    LEASED 07/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $1.26
    •  
PROPERTY LISTING DETAILS
Alwin Lee
Help-u-sell Beachside
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20229734
Last Updated: 10/30/2020
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