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6830 Issac Court Chino, CA 91710

5 Beds 3 Baths 2,930 sqft Built 2000

$798,000

List Price

$2,860

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $272.35
  • 5 Days on Market
  • MLS # : WS21146819
  • Updated Date : 07/12/2021 at 10:04
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,930 sqft
  • Baths : 3 full
Listing Agent

Pacific Asia Grp Rlty, Inc.

Listing Agent's Description

BEAUTIFUL SINGLE FAMILY HOME LOCATED IN NICE AND QUIET CUL-DE-SAC. ONE BEDROOM AND BATHROOM DOWNSTAIRS. THERE'RE ALL BIG SIZE BEDROOMS. WELL MAINTAINED LANDSCAPED BACK YARD.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (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
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
 

$718,200$877,800$798,000

PURCHASE PRICE

$2,574$3,146$2,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,860
EXPENSES Loan Payment -$2,772
Property Tax -$763
Property Insurance -$98
Property Management Fees -$169
CASH FLOW
-$942

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.

$798,000

PROJECTED PRICE

$2,860

PROJECTED RENT

0.36%

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$217,220

INVESTMENT

$217,220

Down Payment
$199,500
Rehab Estimate
$5,750
Closing Costs
$11,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,772

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,500
Loan Amount $598,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$839

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,860

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $3,120

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$2,8603$2,9004$2,9805$3,100
$3,100
RENT COMPS ANALYSIS
  • 6830 Issac Court Chino, CA 2
    • 5 beds 3 baths ∙ 2,930 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,930 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,860
    • $0.98
    •  
  • 6941 Angora Street Chino, CA 1
    • 5 beds 3 baths ∙ 2,725 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,725 Sqft ∙ Built 2004
    property image
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.01
    •  
  • 13847 Old Mill Avenue Chino, CA 3
    • 4 beds 3 baths ∙ 2,913 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,913 Sqft ∙ Built 2019
    property image
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.00
    •  
  • 13130 Robin Court Chino, CA 4
    • 5 beds 3 baths ∙ 2,677 Sqft ∙ Built 1989 5 beds 3 baths ∙ 2,677 Sqft ∙ Built 1989
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,980
    • $1.11
    •  
  • 6916 Old Mill Avenue Chino, CA 5
    • 4 beds 3 baths ∙ 2,713 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,713 Sqft ∙ Built 2019
    property image
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.14
    •  
PROPERTY LISTING DETAILS
Ben Ueng
Pacific Asia Grp Rlty, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS21146819
Last Updated: 07/12/2021
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