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6227 Pablo Street Chino, CA 91710

3 Beds 3 Baths 2,381 sqft Built 2002

INVESTimate

$621,888

List Price

$2,650

$2,400 - $2,900

Rent Est.

$663,741  ( +6.73%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $261.19
  • 6 Days on Market
  • MLS # : IV20171877
  • Updated Date : 08/23/2020 at 13:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,381 sqft
  • Baths : 3 full
Listing Agent

Redfin

Listing Agent's Description

Turn-key single level home with great curb appeal, well-manicured landscaping, an open concept floorplan, custom paint scheme, plantation shutters, and updates throughout! Enter into the formal living room with formal dining area, and flows into the family room and informal dining area. The kitchen features wood cabinetry with lots of storage space, tile countertops, a large center island and opens to the family room with fireplace and media niche. The kitchen/dining and family room are especially spacious with 10’ ceilings! All of the bedrooms are generously sized and there is also a large 4th bedroom option, office, or billiards room off of the entry! The primary bedroom features a walk-in closet and a private ensuite with dual vanities, a soaking tub, and a separate shower. This home has a separate laundry room with storage space. Currently, there is a tandem garage area (shape of an “L”) that offers a 3rd car area. However, when the home was built, the builder considered this as a potential “5th” bedroom. Review birds-eye view of the property. Enjoy the immaculately landscaped, private, backyard, and relax under the built-in patio with ceiling fans and take in the sounds of the water fountain. This home is conveniently located near schools, shopping, dining, and more!

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
Howard Cattle Elementary School Primary Regular 695 24 4
Howard Cattle Elementary School Middle Regular 695 24 4
Chino High School High Regular 2,369 99 5

Howard Cattle Elementary School

  • Education Level: Primary
  • # of students: 695
  • # of teachers: 24
4
GreatSchools Rating

Howard Cattle Elementary School

  • Education Level: Middle
  • # of students: 695
  • # of teachers: 24
4
GreatSchools Rating

Chino High School

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

$559,699$684,077$621,888

PURCHASE PRICE

$2,385$2,915$2,650

RENT

DOWN PAYMENT
FINANCING

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$15k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,650
EXPENSES Loan Payment -$2,294
Property Tax -$570
Property Insurance -$85
Property Management Fees -$156
CASH FLOW
-$455

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.

$621,888

PROJECTED PRICE

$2,650

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 6.73%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$170,550

INVESTMENT

$170,550

Down Payment
$155,472
Rehab Estimate
$5,750
Closing Costs
$9,328

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,294

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $155,472
Loan Amount $466,416
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$11,724

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,650

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $2,881

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6503$2,6504$2,7505$2,900
$2,900
RENT COMPS ANALYSIS
  • 6227 Pablo Street Chino, 3
    • 3 beds 3 baths ∙ 2,381 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,381 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.11
    •  
  • 12938 Fern Avenue Chino, 1
    • 4 beds 3 baths ∙ 2,182 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,182 Sqft ∙ Built 1987
    LEASED 09/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.15
    •  
  • 12875 Cedro Avenue Chino, 2
    • 4 beds 3 baths ∙ 2,189 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,189 Sqft ∙ Built 2018
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.21
    •  
  • 13610 San Antonio Avenue Chino, 4
    • 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 1991
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.16
    •  
  • 12879 Cedro Avenue Chino, 5
    • 4 beds 3 baths ∙ 2,189 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,189 Sqft ∙ Built 2018
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.32
    •  
PROPERTY LISTING DETAILS
Coleen Hyams
Redfin
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20171877
Last Updated: 08/23/2020
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