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8150 Garden Gate Street Chino, CA 91708

3 Beds 2 Baths 2,074 sqft Built 2007

$499,800

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $240.98
  • 13 Days on Market
  • MLS # : CV21032938
  • Updated Date : 03/04/2021 at 15:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,074 sqft
  • Baths : 2 full
Listing Agent

Help-u-sell Prestige Prop's

Listing Agent's Description

Turnkey 3-bedroom, 2-bathroom unit located in highly desirable "Preserve" community of Chino. Dramatic courtyard patio area leads to ground floor entry with rich high quality bamboo plank flooring. Inviting open floor plan with "great room" concept with living area on one level. Upgraded Chef's kitchen features corian counters, granite island with breakfast bar, glass tiled backsplash and stainless-steel appliances. Formal dining area with ceiling fan opens to kitchen and living areas. Spacious living room boasts ceiling fan, distressed bamboo plank flooring, high baseboards and patio balcony great for entertaining. Gracious Master Bedroom features walk-in closet, retreat with built-ins and on-suite bathroom with dual sink vanity, soaking tub, separate shower and plank tile flooring. Nice size secondary bedrooms. Remodeled guest bathroom with custom dual sink vanity, designer fixtures, full tub with shower and plank tile flooring. Notable extras include indoor laundry area, shutters throughout, front and back door entry access, 2 car attached garage with epoxy floor and 220 V wiring for electric vehicle. Community facilities include neighborhood parks, pool & spa. Close to schools, shopping and freeways.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Chino Hills High School High Regular 3,012 111 8
Chino Hills High School High Unknown NA

Chino Hills High School

  • Education Level: High
  • # of students: 3,012
  • # of teachers: 111
8
GreatSchools Rating

Chino Hills High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$449,820$549,780$499,800

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$1,736
Property Tax -$481
Property Insurance -$77
HOA -$374
Property Management Fees -$143
CASH FLOW
-$391

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.

$499,800

PROJECTED PRICE

$2,420

PROJECTED RENT

0.48%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,197

INVESTMENT

$138,197

Down Payment
$124,950
Rehab Estimate
$5,750
Closing Costs
$7,497

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,736

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,950
Loan Amount $374,850
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,660

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $2,432

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3003$2,4004$2,4205$2,490
$2,490
RENT COMPS ANALYSIS
  • 8150 Garden Gate Street Chino, CA 4
    • 3 beds 2 baths ∙ 2,074 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,074 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $1.17
    •  
  • 8142 Garden Gate Street Chino, CA 1
    • 3 beds 2 baths ∙ 2,074 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,074 Sqft ∙ Built 2006
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.11
    •  
  • 8062 Garden Park Street Chino, CA 2
    • 3 beds 3 baths ∙ 1,927 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,927 Sqft ∙ Built 2005
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.19
    •  
  • 8082 Garden Park Street Chino, CA 3
    • 3 beds 3 baths ∙ 1,927 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,927 Sqft ∙ Built 2005
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.25
    •  
  • 7983 Beacon Street Chino, CA 5
    • 3 beds 3 baths ∙ 2,190 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,190 Sqft ∙ Built 2005
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $1.14
    •  
PROPERTY LISTING DETAILS
Patrick Wood
Help-u-sell Prestige Prop's
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21032938
Last Updated: 03/04/2021
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