Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6528 Germantown Court Chino, CA 91710

3 Beds 3 Baths 1,985 sqft Built 1989

$600,000

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $302.27
  • 3 Days on Market
  • MLS # : PW21008222
  • Updated Date : 01/16/2021 at 17:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,985 sqft
  • Baths : 3 full
Listing Agent

T.n.g. Real Estate Consultants

Listing Agent's Description

Welcome home to this lovely 3 bed/3 bath home that is located in one of the best areas in Chino on a pride of ownership cul-de-sac. Upon entry you're greeted with soaring ceilings and windows offering lots of natural light to the formal living and dining room. The kitchen comes equipped with stainless steel appliances, a breakfast bar and a large bay window with views to the backyard. Off the kitchen is the cozy family room with a fireplace and wet bar. There is a full bath downstairs, and laundry room with a washer and dryer and extra storage. Upstairs are three bedrooms with ceiling fans and ample closet space. The master offers mountain views, and the master bath has dual sinks, a soaking tub and separate shower. The spacious backyard is ready to entertain. It is nicely landscaped with a built-in spa, patio/bbq area, grass for playing, and even has space for an RV/trailer. The two car garage has plenty of storage and a separate room which is currently used as an office/workspace. Could be converted to a fourth bedroom. Located close to schools, parks, shopping, dining, and freeways. The original owners have taken very good care of this home. With the excellent location and layout, this home is ready for a new owner to add their own touches and make it their 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
 

$540,000$660,000$600,000

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$2,084
Property Tax -$574
Property Insurance -$75
Property Management Fees -$143
CASH FLOW
-$456

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.

$600,000

PROJECTED PRICE

$2,420

PROJECTED RENT

0.40%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $150,000
Loan Amount $450,000
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$7,046

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $2,456

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3003$2,3004$2,4205$2,600
$2,600
RENT COMPS ANALYSIS
  • 6528 Germantown Court Chino, CA 4
    • 3 beds 3 baths ∙ 1,985 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,985 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $1.22
    •  
  • 6252 Verdugo Avenue Chino, CA 1
    • 3 beds 3 baths ∙ 1,787 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,787 Sqft ∙ Built 1974
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.29
    •  
  • 6999 Grison Street Chino, CA 2
    • 4 beds 3 baths ∙ 1,910 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,910 Sqft ∙ Built 2004
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.20
    •  
  • 6233 Yorkshire Court Chino, CA 3
    • 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
    •  
  • 13232 Sequoia Court Chino, CA 5
    • 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1988
    LEASED 01/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.29
    •  
PROPERTY LISTING DETAILS
Natalie Devore
T.n.g. Real Estate Consultants
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21008222
Last Updated: 01/16/2021
BESbswy