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6791 Vanderbilt Street 
Chino, CA
91710
4 Beds 3 Baths 2,908 sqft
Built 2007
INVESTimate
$629,000
List Price
$172,435
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PROPERTY INFO
FACTS
- Built In 2007
- Price/Sqft : $216.30
- 2 Days on Market
- MLS # : AR20174219
- Updated Date : 08/25/2020 at 12:11
CONSTRUCTION
- Beds : 4
- Floor Size : 2,908 sqft
- Baths : 3 full
Listing Agent
Exp Realty Of California Inc
Listing Agent's Description
Located in the highly desirable College Park Community of Chino, a family friendly neighborhood with Pool, Spa, Picnic Area, playgrounds and an award winning elementary school nearby. This floor plan allows for a separate family room, dining room, and living room. There is one bedroom on the first floor next to a full bathroom to offer your guests complete privacy. The open concept kitchen is perfect for entertaining and has an abundance of natural light. Upstairs you will find a spacious loft that's perfect for the home office. The master suite has a walk in closet, luxurious bathroom with a double sink, shower and a huge bathtub. The backyard was planted with different kinds of flowers and filled with refreshing floral fragrance. This beautiful home is just minutes away from shopping, dining, parks, freeways and amazing schools. This house is ready for a new family to call it home. It won't last long!!!
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chino
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,800 |
| EXPENSES | Loan Payment | -$2,321 |
| Property Tax | -$761 | |
| Property Insurance | -$98 | |
| HOA | -$180 | |
| Property Management Fees | -$165 | |
|
CASH FLOW
-$725
|
||
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.
$629,000
PROJECTED PRICE
$2,800
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| 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
INVESTMENT
$172,435
LOAN DETAILS
$2,321
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $157,250 |
| Loan Amount | $471,750 |
0.42
YEARS SAVED
$1,062
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,800
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$2,864
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
6791 Vanderbilt Street Chino, 2
- 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $2,800
- $0.96
-
6832 Morehouse Street Chino, 1
- 4 beds 3 baths ∙ 2,906 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,906 Sqft ∙ Built 2007
LEASED 09/14/19- Rent
- Rent Per SQFT
- $2,700
- $0.93
-
6625 Youngstown Street Chino, 3
- 4 beds 3 baths ∙ 3,089 Sqft ∙ Built 2012 4 beds 3 baths ∙ 3,089 Sqft ∙ Built 2012
LEASED 09/30/19- Rent
- Rent Per SQFT
- $2,995
- $0.97
-
6506 Vanderbilt Street Chino, 4
- 4 beds 3 baths ∙ 3,089 Sqft ∙ Built 2012 4 beds 3 baths ∙ 3,089 Sqft ∙ Built 2012
LEASED 06/23/20- Rent
- Rent Per SQFT
- $3,100
- $1.00
-
6170 Satterfield Way Chino, 5
- 4 beds 3 baths ∙ 2,988 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,988 Sqft ∙ Built 2015
LEASED 06/29/20- Rent
- Rent Per SQFT
- $3,100
- $1.04
PROPERTY LISTING DETAILS
Exp Realty Of California Inc
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: AR20174219
Last Updated: 08/25/2020
