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6662 Eucalyptus Avenue Chino, CA 91710

4 Beds 3 Baths 2,065 sqft Built 2011

$528,000

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2011
  • Price/Sqft : $255.69
  • 2 Days on Market
  • MLS # : TR20229285
  • Updated Date : 11/02/2020 at 11:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,065 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker George Realty

Listing Agent's Description

Elegant home in the beautiful community of College Park in the great city of Chino. Open floor plan with 4 bedrooms & 3 bathrooms. Spacious living room leads to the formal dining area and kitchen. The gourmet kitchen features granite countertops and a large center island. There is 1 bed and 1 bath downstairs. Large upstairs master bedroom with walk-in closet. The beautiful master bathroom has dual vanities. The home is technologically pre-wired with enhanced category 5e Cable in the kitchen and all the bedrooms. It has an energy-efficient tankless water heater. There are surround sound speakers in the great room and the master bedroom. It has 2 car detached garage. Other features include a community pool, picnic, and play area, and a workout gym. Enjoy the private resort backyard, this is a must see home!

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
 

$475,200$580,800$528,000

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$1,948
Property Tax -$671
Property Insurance -$77
HOA -$243
Property Management Fees -$152
CASH FLOW
-$512

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.

$528,000

PROJECTED PRICE

$2,580

PROJECTED RENT

0.49%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$145,670

INVESTMENT

$145,670

Down Payment
$132,000
Rehab Estimate
$5,750
Closing Costs
$7,920

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,948

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $132,000
Loan Amount $396,000
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$2,518

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,580

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $2,736

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$2,580
1$2,5802$2,6503$2,7004$2,7505$2,850
$2,850
RENT COMPS ANALYSIS
  • 6662 Eucalyptus Avenue Chino, CA 1
    • 4 beds 3 baths ∙ 2,065 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,065 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $1.25
    •  
  • 6081 Eucalyptus Avenue Chino, CA 2
    • 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2016
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.30
    •  
  • 6530 Eucalyptus Avenue Chino, CA 3
    • 4 beds 3 baths ∙ 2,065 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,065 Sqft ∙ Built 2012
    LEASED 11/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.31
    •  
  • 6505 Eucalyptus Avenue Chino, CA 4
    • 4 beds 3 baths ∙ 2,066 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,066 Sqft ∙ Built 2012
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.33
    •  
  • 14529 Hillsdale Street Chino, CA 5
    • 3 beds 3 baths ∙ 2,103 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,103 Sqft ∙ Built 2015
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.36
    •  
PROPERTY LISTING DETAILS
Celina Chang
Coldwell Banker George Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20229285
Last Updated: 11/02/2020
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