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13612 Rolling Wood Circle Chino Hills, CA 91709

4 Beds 3 Baths 2,571 sqft Built 1986

$938,000

List Price

$3,110

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $364.84
  • 3 Days on Market
  • MLS # : CV21024564
  • Updated Date : 02/06/2021 at 16:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,571 sqft
  • Baths : 3 full
Listing Agent

Re/max 2000 Realty

Listing Agent's Description

Located in the coveted North Chino Hills Rolling Ridge community, this elegant home offers its residents excellent floorpan w/ 4 Bed & 3 Baths (with 1 Bed/1 bath downstairs). Enter through the double door entrance to the living room with high ceiling & plantation shutters. Elevated Dinning room is upgraded with gorgeous chandelier & hidden doggie door. Remodeled Kitchen w/ stainless steel appliances, granite countertop, travertine backsplash & recessed lights. Adjacent to kitchen is the breakfast area that opens to the family Room w/ stacked stone fireplace, built-in entertainment station with background speakers, wet bar with granite countertop & ceiling fan light. Large Masters bedroom w/ HUGE built-in closet system, a sitting area, crown molding & ceiling fan. Luxurious Masters Bath w/ separate Tub & Shower, separate toilet room & 2 separate sinks. Impressive home upgrades include: Newer 5 ton AC unit & thermostat, multiple chandeliers, Ring doorbell, wood flooring, smart sprinkler controller, Nexx garage door controller, whole house fan, upgraded light switches, recessed lighting, crown molding. Convenient location that is walking distance to Rolling Ridge elementary school, Canyon Hills JR High & Calle San Marcos Park. Park recreation activities include: Basketball & Volleyball Court, Children's playground, walking paths & lush green park. Minutes drive to Costco, 99 Ranch Market, Lowes, Chase Bank, Meet Fresh, Chino Spectrum & Chino Hills The Shoppes

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 Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $149k727k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Chino Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q212001400160018002000220024002600Rent in $10822735

* 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
Canyon Hills Junior High School Middle Regular 1,163 40 9
Ruben S. Ayala High School High Regular 2,606 98 10

Canyon Hills Junior High School

  • Education Level: Middle
  • # of students: 1,163
  • # of teachers: 40
9
GreatSchools Rating

Ruben S. Ayala High School

  • Education Level: High
  • # of students: 2,606
  • # of teachers: 98
10
GreatSchools Rating
 

$844,200$1,031,800$938,000

PURCHASE PRICE

$2,799$3,421$3,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,110
EXPENSES Loan Payment -$3,258
Property Tax -$902
Property Insurance -$89
Property Management Fees -$183
CASH FLOW
-$1,323

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.

$938,000

PROJECTED PRICE

$3,110

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$254,320

INVESTMENT

$254,320

Down Payment
$234,500
Rehab Estimate
$5,750
Closing Costs
$14,070

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $234,500
Loan Amount $703,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$120

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,110

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $3,342

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$3,110
1$3,1102$3,2003$3,2004$3,2495$3,500
$3,500
RENT COMPS ANALYSIS
  • 13612 Rolling Wood Circle Chino Hills, CA 1
    • 4 beds 3 baths ∙ 2,571 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,571 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $3,110
    • $1.21
    •  
  • 3375 Royal Ridge Road Chino Hills, CA 2
    • 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 1987
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.26
    •  
  • 3377 Silvertip Road Chino Hills, CA 3
    • 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 1986
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.26
    •  
  • 13622 Nimes Court Chino Hills, CA 4
    • 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1989
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,249
    • $1.29
    •  
  • 2443 Madrugada Drive Chino Hills, CA 5
    • 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1988
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.39
    •  
PROPERTY LISTING DETAILS
Janet Lu
Re/max 2000 Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21024564
Last Updated: 02/06/2021
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