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7022 Edinboro Street 
Chino, CA
91710
3 Beds 3 Baths 1,714 sqft
Built 2007
INVESTimate
$439,000
List Price
$122,085
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PROPERTY INFO
FACTS
- Built In 2007
- Price/Sqft : $256.13
- 3 Days on Market
- MLS # : CV20173457
- Updated Date : 08/25/2020 at 10:19
CONSTRUCTION
- Beds : 3
- Floor Size : 1,714 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Premier Proper
Listing Agent's Description
Nestled in the appealing Woodbury neighborhood in the sought after College Park community awaits your new home! As you make your way through the front door you’ll be greeted with the warmth and charm this home offers. The downstairs is bathed in natural light and the floor plan is great for entertaining! Opening to the living room and dining area the kitchen boasts ample cabinet space, gleaming granite countertops, and is perfect for crafting delicious meals while still being able to connect with family and friends. The large dining area is adjacent to the living room which showcases a charming fireplace and built-in entertainment center. Don’t miss the powder room and laundry room before making your way to the second floor. Upstairs you’ll find an amply sized loft that would make a great office or distance learning command center. Also located upstairs are two generous bedrooms and a full bathroom. The expansive master suite features a gorgeous ensuite perfect to retire to at the end of the day! This beautiful, completely detached home also has a large patio off of the kitchen and is within walking distance to the lushly landscaped Constellation Park. It is located within the boundaries of award-winning Edwin Rhodes Elementary School! With access to resort-like amenities at The Commons at College Park - gym, two pools, kids splash pad, hot tub, BBQs, and a luxe clubhouse - all that is missing is you!
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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 | $2,280 |
| EXPENSES | Loan Payment | -$1,620 |
| Property Tax | -$533 | |
| Property Insurance | -$69 | |
| HOA | -$180 | |
| Property Management Fees | -$135 | |
|
CASH FLOW
-$255
|
||
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.
$439,000
PROJECTED PRICE
$2,280
PROJECTED RENT
0.52%
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
$122,085
LOAN DETAILS
$1,620
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $109,750 |
| Loan Amount | $329,250 |
2.42
YEARS SAVED
$9,722
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,280
LIST RENT -
$1.33
LIST RENT PER SQFT
-
$2,271
COMP ESTIMATED VALUE -
$1.33
COMP AVG. RENT PER SQFT
Comps Range
-
7022 Edinboro Street Chino, 1
- 3 beds 3 baths ∙ 1,714 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,714 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $2,280
- $1.33
-
14562 Rochester Avenue Chino, 2
- 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2007
LEASED 08/27/19- Rent
- Rent Per SQFT
- $2,300
- $1.31
-
6943 Geneva Street Chino, 3
- 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2007
LEASED 11/05/19- Rent
- Rent Per SQFT
- $2,300
- $1.31
-
6965 Edinboro Street Chino, 4
- 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 2007
LEASED 02/23/20- Rent
- Rent Per SQFT
- $2,300
- $1.33
-
6942 Clemson Street Chino, 5
- 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2013
LEASED 08/29/19- Rent
- Rent Per SQFT
- $2,380
- $1.35
PROPERTY LISTING DETAILS
Keller Williams Premier Proper
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV20173457
Last Updated: 08/25/2020
