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6803 Eisenhower Court Chino, CA 91710

4 Beds 2 Baths 1,666 sqft Built 1985

$560,000

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $336.13
  • 3 Days on Market
  • MLS # : IV21014825
  • Updated Date : 01/23/2021 at 10:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,666 sqft
  • Baths : 2 full
Listing Agent

The Western Group Real Estate

Listing Agent's Description

Very Desirable Neighborhood! This Single Story Home Is Situated On A Corner Lot And A CulDeSac. The Home Features 4 Bedrooms, 2 Bathrooms. As You Enter The Home, There Is A Sunken Living Room and Formal Dining Room. As You Continue, You Have The Open Family Room/Kitchen Combo. The Family Room Has A Fireplace and The Kitchen Offers Granite Counters. Master Bedroom Has Walk-In Closet, Updated Master Bathroom and 2nd Bathroom Have Granite Counters and Dual Sinks. Carpeting Throughout and Tasteful Tile Flooring In Kitchen and Bathrooms. Nicely Landscaped Backyard With A Swimming Pool/Jacuzzi. Lets Make This Your Home!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
Alicia Cortez Elementary School Primary Regular 721 26 5
Alicia Cortez Elementary School Middle Regular 721 26 5
Chino High School High Regular 2,369 99 5

Alicia Cortez Elementary School

  • Education Level: Primary
  • # of students: 721
  • # of teachers: 26
5
GreatSchools Rating

Alicia Cortez Elementary School

  • Education Level: Middle
  • # of students: 721
  • # of teachers: 26
5
GreatSchools Rating

Chino High School

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

$504,000$616,000$560,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,945
Property Tax -$513
Property Insurance -$68
Property Management Fees -$136
CASH FLOW
-$361

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.

$560,000

PROJECTED PRICE

$2,300

PROJECTED RENT

0.41%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$154,150

INVESTMENT

$154,150

Down Payment
$140,000
Rehab Estimate
$5,750
Closing Costs
$8,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,945

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $140,000
Loan Amount $420,000
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$9,672

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $1.38

    LIST RENT PER SQFT
  • $2,541

    COMP ESTIMATED VALUE
  • $1.53

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3003$2,3004$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 6803 Eisenhower Court Chino, CA 3
    • 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.38
    •  
  • 6818 Rockrose Street Chino, CA 1
    • 3 beds 3 baths ∙ 1,487 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,487 Sqft ∙ Built 2001
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.55
    •  
  • 6837 Cosmos Street Chino, CA 2
    • 3 beds 3 baths ∙ 1,487 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,487 Sqft ∙ Built 2002
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.55
    •  
  • 12707 Conifer Avenue Chino, CA 4
    • 3 beds 3 baths ∙ 1,676 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,676 Sqft ∙ Built 2002
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.49
    •  
  • 6826 Corybus Street Chino, CA 5
    • 3 beds 3 baths ∙ 1,654 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,654 Sqft ∙ Built 2001
    LEASED 01/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.51
    •  
PROPERTY LISTING DETAILS
Roberta Garduno
The Western Group Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21014825
Last Updated: 01/23/2021
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