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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $358.54
- 4 Days on Market
- MLS # : TR20264893
- Updated Date : 01/01/2021 at 14:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,838 sqft
- Baths : 2 full , 1 half
Listing Agent
Era North Orange County
Listing Agent's Description
AWESOME HOME IN A VERY DESIRABLE AREA OF CHINO. THIS HOME HAS GREAT CURB APPEAL WITH PRIDE OF OWNERSHIP AND IT SITS AT THE END OF A CUL-DE-SAC IN AN AMAZING NEIGHBORHOOD. AS YOU PULL UP YOU HAVE NEW STAMPED AND RIBBONED CONCRETE DRIVEWAY AND ENTRY RIGHT UP TO YOUR NEW IRON DOOR. AS YOU WALK IN TO YOUR HOME YOU HAVE NEW WINDOWS THROUGHOUT ALONG WITH PLANTATION SHUTTERS. THE LIVING ROOM IS BIG WITH LOTS OF ROOM TO WELCOME GUESTS, THE KITCHEN IS ROOMY WITH GRANITE COUNTER TOPS AND PLENTY OF CABINET SPACE. THE FAMILY ROOM IS ALSO A GOOD SIZE WITH A NICE FIREPLACE FOR COZY EVENING. UPSTAIRS YOU WILL FIND ALL THE BEDROOMS WHICH ARE GOOD SIZED. THE MASTER IS BIG WITH A WALK IN CLOSET AND A HUGE MASTER BATH THAT HAS A CUSTOM TUB. THE BACKYARD IS AWESOME WITH PLENTY OF ROOM FOR ENTERTANING. NEWER ALUMAWOOD PATIO COVER WITH FANS AND LIGHTING, NICE CRYSTAL BLUE POOL AND SPA FOR THOSE HOT SUMMMER DAYS AND PLENTY OF ROOM FOR HAVING FUN AND LETTING KIDS PLAY. THIS HOME HAS IT ALL!!! NOT TO MENTION CLOSE TO SHOPPING, DINING, SCHOOLS AND IT COMES WITH A 1 YEAR HOME WARRANTY!! COME TAKE A LOOK BEFORE ITS GONE!!
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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
* 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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,460 |
| EXPENSES | Loan Payment | -$2,431 |
| Property Tax | -$630 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$145 | |
|
CASH FLOW
-$819
|
||
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.
$659,000
PROJECTED PRICE
$2,460
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$180,385
LOAN DETAILS
$2,431
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $164,750 |
| Loan Amount | $494,250 |
0.42
YEARS SAVED
$954
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,460
LIST RENT -
$1.34
LIST RENT PER SQFT
-
$2,458
COMP ESTIMATED VALUE -
$1.34
COMP AVG. RENT PER SQFT
Comps Range
-
6874 Sugar Pine Court Chino, CA 5
- 3 beds 3 baths ∙ 1,838 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,838 Sqft ∙ Built 1990
![property image]()
- Rent
- Rent Per SQFT
- $2,460
- $1.34
-
6965 Edinboro Street Chino, CA 1
- 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 2007
![property image]()
LEASED 02/23/20- Rent
- Rent Per SQFT
- $2,300
- $1.33
-
14569 Baylor Avenue Chino, CA 2
- 3 beds 3 baths ∙ 1,787 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,787 Sqft ∙ Built 2007
![property image]()
LEASED 09/15/20- Rent
- Rent Per SQFT
- $2,300
- $1.29
-
14579 Baylor Avenue Chino, CA 3
- 3 beds 3 baths ∙ 1,787 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,787 Sqft ∙ Built 2007
![property image]()
LEASED 01/18/20- Rent
- Rent Per SQFT
- $2,400
- $1.34
-
13850 Cypress Avenue Chino, CA 4
- 3 beds 4 baths ∙ 1,727 Sqft ∙ Built 1989 3 beds 4 baths ∙ 1,727 Sqft ∙ Built 1989
![property image]()
LEASED 01/30/20- Rent
- Rent Per SQFT
- $2,400
- $1.39
PROPERTY LISTING DETAILS
Era North Orange County
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: TR20264893
Last Updated: 01/01/2021
