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6326 Pablo Court Chino, CA 91710

3 Beds 2 Baths 1,264 sqft Built 1976

$585,000

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $462.82
  • 5 Days on Market
  • MLS # : TR21008034
  • Updated Date : 01/16/2021 at 10:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,264 sqft
  • Baths : 2 full
Listing Agent

Parkview Real Estate

Listing Agent's Description

Beautiful re-modeled single story. New kitchen and patio cover, new flooring. Upgraded stainless appliances, large private lot in a wonderful well maintained cul d sac. Newer AC unit and New water heater. Beautiful home.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$526,500$643,500$585,000

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 -$2,032
Property Tax -$536
Property Insurance -$58
Property Management Fees -$130
CASH FLOW
-$546

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.

$585,000

PROJECTED PRICE

$2,210

PROJECTED RENT

0.38%

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$160,775

INVESTMENT

$160,775

Down Payment
$146,250
Rehab Estimate
$5,750
Closing Costs
$8,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,032

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $146,250
Loan Amount $438,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$3,372

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
  • $1.75

    LIST RENT PER SQFT
  • $1,997

    COMP ESTIMATED VALUE
  • $1.58

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,2103$2,3004$2,3905$2,450
$2,450
RENT COMPS ANALYSIS
  • 6326 Pablo Court Chino, CA 2
    • 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $1.75
    •  
  • 1132 Pinewood Lane Ontario, CA 1
    • 3 beds 3 baths ∙ 1,346 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,346 Sqft ∙ Built 1981
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.60
    •  
  • 6025 Ida Court Chino, CA 3
    • 3 beds 2 baths ∙ 1,418 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,418 Sqft ∙ Built 1976
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.62
    •  
  • 6691 Eagle Drive Chino, CA 4
    • 4 beds 2 baths ∙ 1,590 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,590 Sqft ∙ Built 1984
    LEASED 08/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $1.50
    •  
  • 12662 Verdugo Avenue Chino, CA 5
    • 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 1972
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.60
    •  
PROPERTY LISTING DETAILS
Karla Gledhill
Parkview Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21008034
Last Updated: 01/16/2021
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