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6564 Hayes Court Chino, CA 91710

4 Beds 2 Baths 2,245 sqft Built 1975

$695,000

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $309.58
  • 5 Days on Market
  • MLS # : CV21026005
  • Updated Date : 02/10/2021 at 10:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,245 sqft
  • Baths : 1 full , 1 half
Listing Agent

Help-u-sell Prestige Prop's

Listing Agent's Description

4 bedroom 2 1/2 bath pool and spa home located on a quiet cul-de-sac. The home has been well cared for and shows great pride of ownership as you arrive. Immaculately maintained front landscaping boasts lush lawn area and mature plants that are taken care of with great attention to detail. Formal entry with leaded glass inset in the front door and sides panels lets in soft natural lighting. Foyer leads to the living and formal dining room. French doors from the dining area provide access to the private backyard. Wainscoting and an upgraded front bay window are some of the details you will appreciate as you enter. Spacious kitchen with casual secondary nook dining, sliders leading to the backyard, generous amounts of counter top work space and plentiful cabinetry for storage. Family room enjoys a cozy fireplace that has been upgraded with wood mantle and surround. Master suite with bay window has a very tranquil feel, nicely sized with 2 separate closets that have mirrored doors. Backyard is great for entertaining with block walls all around providing great privacy while you enjoy the swimming pool and a soak in the spa. Low maintenance with no grass in the backyard. Firepit allows for a nice spot to gather on a cool evening or barbecues all year round. Garage has epoxy flooring, overhead storage and tankless water heater. Convenient indoor laundry room. A short drive to area shopping and dining.

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
Magnolia Junior High School Middle Regular 684 30 3
Chino High School High Regular 2,369 99 5

Magnolia Junior High School

  • Education Level: Middle
  • # of students: 684
  • # of teachers: 30
3
GreatSchools Rating

Chino High School

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

$625,500$764,500$695,000

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$2,414
Property Tax -$636
Property Insurance -$82
Property Management Fees -$144
CASH FLOW
-$836

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.

$695,000

PROJECTED PRICE

$2,440

PROJECTED RENT

0.35%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$189,925

INVESTMENT

$189,925

Down Payment
$173,750
Rehab Estimate
$5,750
Closing Costs
$10,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,414

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $173,750
Loan Amount $521,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$620

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,542

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,440
1$2,4402$2,5003$2,5004$2,5505$2,750
$2,750
RENT COMPS ANALYSIS
  • 6564 Hayes Court Chino, CA 1
    • 4 beds 2 baths ∙ 2,245 Sqft ∙ Built 1975 4 beds 2 baths ∙ 2,245 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $1.09
    •  
  • 12938 Fern Avenue Chino, CA 2
    • 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
    •  
  • 576 E Tam O Shanter Street Ontario, CA 3
    • 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 1995
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.18
    •  
  • 12511 Jamestown Place Chino, CA 4
    • 5 beds 3 baths ∙ 2,454 Sqft ∙ Built 1984 5 beds 3 baths ∙ 2,454 Sqft ∙ Built 1984
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.04
    •  
  • 13610 San Antonio Avenue Chino, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Patrick Wood
Help-u-sell Prestige Prop's
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21026005
Last Updated: 02/10/2021
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