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8666 Founders Grove Street 
Chino, CA
91708
3 Beds 2 Baths 1,610 sqft
Built 2015
INVESTimate
$499,900
List Price
$138,224
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PROPERTY INFO
FACTS
- Built In 2015
- Price/Sqft : $310.50
- 2 Days on Market
- MLS # : CV20174562
- Updated Date : 08/25/2020 at 12:39
CONSTRUCTION
- Beds : 3
- Floor Size : 1,610 sqft
- Baths : 2 full
Listing Agent
Cal American Homes And Realty
Listing Agent's Description
Welcome to 8666 Founders Grove. This was the model home for the 1610 sqft floorplan at Lynbrook in The Preserve in Chino. This single family detached town-home within the community is a short distance from Garden House, Park House and Cal Aero Academy. With a ton of builder upgrades this is by far the nicest home in the community. Downstairs you will find an open concept with large family room, open kitchen and power room. All bedrooms are located upstairs with a small loft area perfect for “distance learning” or working from home. The Master suite includes large master closet, soaking tub, shower with designer tile, double sinks, and tons of storage and private toilet closet. The other 2 bedrooms include mirrored closet doors and great paint schemes for the kids. Upstairs laundry room is set up for side by side washer and dryer with storage. The private backyard is the perfect place to entertain with pavers, BBQ area and a great patio cover. Having solar included in the sale and offering a minimal electric bill is just another reason this is a great buy! With the 2 car attached garage with entry into house and great alley way there is tons of parking and perfect area for the kids to ride bikes. This home is in a great location within this amazing community and will definitely sell quickly so don’t miss out!
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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 | $2,200 |
| EXPENSES | Loan Payment | -$1,844 |
| Property Tax | -$481 | |
| Property Insurance | -$66 | |
| HOA | -$210 | |
| Property Management Fees | -$130 | |
|
CASH FLOW
-$532
|
||
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.
$499,900
PROJECTED PRICE
$2,200
PROJECTED RENT
0.44%
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
$138,224
LOAN DETAILS
$1,844
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $124,975 |
| Loan Amount | $374,925 |
0.67
YEARS SAVED
$1,693
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,200
LIST RENT -
$1.37
LIST RENT PER SQFT
-
$2,214
COMP ESTIMATED VALUE -
$1.38
COMP AVG. RENT PER SQFT
Comps Range
-
8666 Founders Grove Street Chino, 3
- 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $2,200
- $1.37
-
8547 Founders Grove Street Chino, 1
- 3 beds 3 baths ∙ 1,610 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,610 Sqft ∙ Built 2016
LEASED 01/02/20- Rent
- Rent Per SQFT
- $2,200
- $1.37
-
8146 Wishing Well Lane Chino, 2
- 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 2006
LEASED 01/30/20- Rent
- Rent Per SQFT
- $2,200
- $1.36
-
8138 W Preserve Chino, 4
- 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 2006
LEASED 08/12/20- Rent
- Rent Per SQFT
- $2,250
- $1.39
-
8419 E Preserve Chino, 5
- 3 beds 3 baths ∙ 1,666 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,666 Sqft ∙ Built 2009
LEASED 01/02/20- Rent
- Rent Per SQFT
- $2,295
- $1.38
PROPERTY LISTING DETAILS
Cal American Homes And Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV20174562
Last Updated: 08/25/2020
