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6945 Dublin Drive Chino, CA 91710

4 Beds 3 Baths 2,525 sqft Built 2017

INVESTimate

$668,000

List Price

$2,740

$2,490 - $2,990

Rent Est.

$712,956  ( +6.73%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2017
  • Price/Sqft : $264.55
  • 13 Days on Market
  • MLS # : TR20165080
  • Updated Date : 08/14/2020 at 08:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,525 sqft
  • Baths : 3 full
Listing Agent

Re/max Universal Realty

Listing Agent's Description

This beautiful home offers lots of living space with 4 bedrooms plus a flex (bonus) downstairs and 3 full bathrooms. Downstairs has a bedroom, full bathroom and the flex room. Gourmet kitchen with double oven, granite counter tops, Large center island, pantry and upgrade light fixture. Large dining room off kitchen, sunny and bright great room. Separate laundry room and entry into garage. Upstairs with Elegant master suite and walk-in closet, and another walk-in closet in master bath. Master bathroom with beautiful white cabinets, double sinks, make-up area separate tub and shower. Two more extra bedrooms one with a balcony and other full bathroom Two car garage plus extra tandem storage. Nice size backyard with covered patio and decking. Many extras such as upgraded fixtures and fans, solar panels, recess lighting, plantation shutters, upgraded white cabinets throughout and engineer wood flooring downstairs and custom carpeting with extra thick padding upstairs.

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
 

$601,200$734,800$668,000

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$2,465
Property Tax -$639
Property Insurance -$88
HOA -$125
Property Management Fees -$162
CASH FLOW
-$738

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.

$668,000

PROJECTED PRICE

$2,740

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 6.73%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$182,770

INVESTMENT

$182,770

Down Payment
$167,000
Rehab Estimate
$5,750
Closing Costs
$10,020

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,465

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $167,000
Loan Amount $501,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,156

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,746

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,7403$2,7504$2,9005$2,900
$2,900
RENT COMPS ANALYSIS
  • 6945 Dublin Drive Chino, 2
    • 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $1.09
    •  
  • 14359 Haverford Avenue Chino, 1
    • 3 beds 3 baths ∙ 2,430 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,430 Sqft ∙ Built 2013
    property image
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.09
    •  
  • 6872 Vanderbilt Street Chino, 3
    • 5 beds 3 baths ∙ 2,676 Sqft ∙ Built 2011 5 beds 3 baths ∙ 2,676 Sqft ∙ Built 2011
    property image
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.03
    •  
  • 14657 Norfolk Avenue Chino, 4
    • 5 beds 3 baths ∙ 2,579 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,579 Sqft ∙ Built 2013
    property image
    LEASED 08/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.12
    •  
  • 6229 Hilbert Street Chino, 5
    • 4 beds 3 baths ∙ 2,619 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,619 Sqft ∙ Built 2014
    property image
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.11
    •  
PROPERTY LISTING DETAILS
Grace Kramer
Re/max Universal Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20165080
Last Updated: 08/14/2020
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