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7453 Galloway Lane 
Chino, CA
91708
4 Beds 3 Baths 2,464 sqft
Built 2018
INVESTimate
$550,000
List Price
$151,500
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PROPERTY INFO
FACTS
- Built In 2018
- Price/Sqft : $223.21
- 2 Days on Market
- MLS # : AR20172369
- Updated Date : 08/25/2020 at 09:37
CONSTRUCTION
- Beds : 4
- Floor Size : 2,464 sqft
- Baths : 2 full , 1 half
Listing Agent
Titan One Real Estate
Listing Agent's Description
*CHINO HILLS HIGH SCHOOL* Investor's delight. Solar paid in FULL. Rental income $2800 per month. As you walk into this beautiful 2464 sqft townhome, it offers an open floor plan with granite countertops in the kitchen. Total of 4 bedrooms and 3 bathrooms. On the main level, there is a bedroom and bathroom. On the second level, a spacious loft area down the hallway for your imagination! The spacious master suite includes a walk-in closet, separate hot tub, shower, and toilet room! The 2 other bedrooms are side by side with their bathroom across the hall and laundry room in between. Two-car garage, tankless water heater, Energy Star Solar panels on the roof, and Sea Gull LED lighting. The Commons, Chino Spectrum Towne Center and The Shoppes in Chino Hills are nearby!
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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 | $2,580 |
| EXPENSES | Loan Payment | -$2,029 |
| Property Tax | -$530 | |
| Property Insurance | -$87 | |
| HOA | -$206 | |
| Property Management Fees | -$152 | |
|
CASH FLOW
-$424
|
||
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.
$550,000
PROJECTED PRICE
$2,580
PROJECTED RENT
0.47%
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
$151,500
LOAN DETAILS
$2,029
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $137,500 |
| Loan Amount | $412,500 |
1.75
YEARS SAVED
$7,768
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,580
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$2,612
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
7453 Galloway Lane Chino, 4
- 4 beds 3 baths ∙ 2,464 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,464 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $2,580
- $1.05
-
16051 Begonia Avenue Chino, 1
- 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2007
LEASED 01/21/20- Rent
- Rent Per SQFT
- $2,500
- $1.04
-
16023 Moonflower Avenue Chino, 2
- 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2007
LEASED 03/01/20- Rent
- Rent Per SQFT
- $2,500
- $1.04
-
16028 Moonflower Avenue Chino, 3
- 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2007
LEASED 08/28/19- Rent
- Rent Per SQFT
- $2,550
- $1.06
-
16087 Moonflower Avenue Chino, 5
- 5 beds 3 baths ∙ 2,410 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,410 Sqft ∙ Built 2007
LEASED 07/29/20- Rent
- Rent Per SQFT
- $2,650
- $1.10
PROPERTY LISTING DETAILS
Titan One Real Estate
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: AR20172369
Last Updated: 08/25/2020
