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14679 Hiddenspring Circle Chino Hills, CA 91709

4 Beds 3 Baths 2,030 sqft Built 1989

$799,000

List Price

$2,920

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

February 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $393.60
  • 7 Days on Market
  • MLS # : IG21020932
  • Updated Date : 02/01/2021 at 13:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,030 sqft
  • Baths : 3 full
Listing Agent

Provident Real Estate

Listing Agent's Description

Wonderful home offering over 2,000 square feet of living space including 4 bedrooms and 3 bathrooms. One bedroom and full bathroom located on the first floor, ideal for overnight guests. Wood flooring installed throughout the first floor offering a uniform flow and easy maintenance. Entertain effortlessly in this open floor plan with high ceilings and recessed lighting. The kitchen opens up for the family room and is equipped with stainless steel appliances and plenty if cabinet space for all of your organizational needs. Upstairs you will find the master bedroom showcasing a spacious en-suite with a walk-in closet, dual sinks and a oversized soaking tub. Two additional bedrooms and an additional bathroom are also located upstairs. Enjoy the California sunshine in this wonderful backyard landscaped to perfection. 3 car garage. Low tax rate, estimated at 1.1%. Do not miss this opportunity, schedule your private showing today!

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
 

$719,100$878,900$799,000

PURCHASE PRICE

$2,628$3,212$2,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$2,775
Property Tax -$812
Property Insurance -$76
Property Management Fees -$172
CASH FLOW
-$916

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.

$799,000

PROJECTED PRICE

$2,920

PROJECTED RENT

0.37%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,775

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,054

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,920

    LIST RENT
  • $1.44

    LIST RENT PER SQFT
  • $2,903

    COMP ESTIMATED VALUE
  • $1.43

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$2,9003$2,9204$2,9505$3,000
$3,000
RENT COMPS ANALYSIS
  • 14679 Hiddenspring Circle Chino Hills, CA 3
    • 4 beds 3 baths ∙ 2,030 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,030 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,920
    • $1.44
    •  
  • 2703 La Salle Pointe Chino Hills, CA 1
    • 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 1991
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.41
    •  
  • 3067 Champion Street Chino Hills, CA 2
    • 4 beds 3 baths ∙ 2,069 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,069 Sqft ∙ Built 1997
    property image
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.40
    •  
  • 14764 Foxwood Road Chino Hills, CA 4
    • 4 beds 3 baths ∙ 2,069 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,069 Sqft ∙ Built 1996
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.43
    •  
  • 3118 Forest Meadow Drive Chino Hills, CA 5
    • 4 beds 3 baths ∙ 2,030 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,030 Sqft ∙ Built 1989
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.48
    •  
PROPERTY LISTING DETAILS
Nazar Kalayji
Provident Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21020932
Last Updated: 02/01/2021
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