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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $370.29
- 3 Days on Market
- MLS # : TR21024597
- Updated Date : 02/05/2021 at 12:19
CONSTRUCTION
- Beds : 4
- Floor Size : 2,228 sqft
- Baths : 3 full
Listing Agent
King Realty Group Inc
Listing Agent's Description
Located in a highly desired North Chino Hills neighborhood, this home is ready for you to move in! Upon entering, you will appreciate the formal living / dining room that is spacious and perfect for gatherings. The kitchen offers plenty of storage cabinet space, granite countertops and stainless steel appliances. The family room, centered around the warm fireplace, is perfect for relaxing. First floor features a bedroom, full bath and laundry room. Upstairs the master suite has dual sink vanity, separate walk-in shower and walk-in closet with a large balcony off the suite with great city views. The second story has 2 additional bedrooms and a full bath. You will appreciate all the space the rear yard offers for entertaining. You will appreciate PAID FOR solar panels and a whole house soft water filtration and reverse osmosis system for drinking water. Located in the Heart of Chino Hills and close to all major shopping and dining locations. You don't want to miss the opportunity to make this your New Home!
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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 Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chino Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,790 |
| EXPENSES | Loan Payment | -$2,866 |
| Property Tax | -$793 | |
| Property Insurance | -$81 | |
| Property Management Fees | -$165 | |
|
CASH FLOW
-$1,114
|
||
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.
$825,000
PROJECTED PRICE
$2,790
PROJECTED RENT
0.34%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$224,375
LOAN DETAILS
$2,866
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $206,250 |
| Loan Amount | $618,750 |
0.25
YEARS SAVED
$160
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,790
LIST RENT -
$1.25
LIST RENT PER SQFT
-
$3,019
COMP ESTIMATED VALUE -
$1.36
COMP AVG. RENT PER SQFT
Comps Range
-
13633 Pageantry Place Chino Hills, CA 1
- 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $2,790
- $1.25
-
13852 Shady Knoll Lane Chino Hills, CA 2
- 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 1988
LEASED 03/01/20- Rent
- Rent Per SQFT
- $3,000
- $1.30
-
3299 Royal Ridge Road Chino Hills, CA 3
- 4 beds 2 baths ∙ 2,088 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,088 Sqft ∙ Built 1987
LEASED 09/25/20- Rent
- Rent Per SQFT
- $3,000
- $1.44
-
3342 Royal Ridge Road Chino Hills, CA 4
- 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 1987
LEASED 07/25/20- Rent
- Rent Per SQFT
- $3,000
- $1.34
-
3282 Olympic View Drive Chino Hills, CA 5
- 4 beds 3 baths ∙ 2,305 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,305 Sqft ∙ Built 1988
LEASED 03/25/20- Rent
- Rent Per SQFT
- $3,100
- $1.34
PROPERTY LISTING DETAILS
King Realty Group Inc
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: TR21024597
Last Updated: 02/05/2021
