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14707 Prairieview Circle Chino Hills, CA 91709

5 Beds 3 Baths 2,612 sqft Built 1989

$899,800

List Price

$3,100

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $344.49
  • 4 Days on Market
  • MLS # : CV21038595
  • Updated Date : 02/25/2021 at 19:21
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,612 sqft
  • Baths : 3 full
Listing Agent

Help-u-sell Prestige Prop's

Listing Agent's Description

5-bedroom 3-bathroom VIEW home located in desirable quiet cul-de-sac in the wonderful community of Chino Hills. Impressive double door entry leads to a spacious living room with dramatic vaulted ceilings and laminate wood flooring. Formal dining area opens to the living area with an abundance of natural light. Remodeled kitchen boasts refinished cabinetry, granite tile counters, upgraded appliances, cheery breakfast area & tile flooring. Gracious family room enjoys cozy fireplace, wet-bar, laminate wood flooring & opens to the kitchen. Convenient downstairs bedroom has ceiling fan, built-in cabinetry, laminate wood flooring and direct access to guest bathroom with shower and tile flooring. Master bedroom features wonderful foothill views, high ceilings, tiled dual sided fireplace with raised hearth enjoyed from the master bath, walk-in closet. On-suite bathroom w/dual sink vanity, soaking tub & separate shower. Nice size secondary bedrooms all with mirrored closet doors and neutral carpeting. Upstairs full guest bathroom with dual sink vanity & tiled bathtub with shower. Backyard enjoys privacy in a serene pool sized setting complete with back & side patio areas, sports court, expansive lawn area & sweeping foothill views. Close to coveted Chino Hills Schools, Trader Joes, Ranch 99 Market, Costco and “The Shoppes at Chino Hills”

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
 

$809,820$989,780$899,800

PURCHASE PRICE

$2,790$3,410$3,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,100
EXPENSES Loan Payment -$3,125
Property Tax -$915
Property Insurance -$90
Property Management Fees -$183
CASH FLOW
-$1,214

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.

$899,800

PROJECTED PRICE

$3,100

PROJECTED RENT

0.34%

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$244,197

INVESTMENT

$244,197

Down Payment
$224,950
Rehab Estimate
$5,750
Closing Costs
$13,497

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,125

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,950
Loan Amount $674,850
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$173

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,100

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $3,219

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,2003$3,2004$3,3505$3,500
$3,500
RENT COMPS ANALYSIS
  • 14707 Prairieview Circle Chino Hills, CA 1
    • 5 beds 3 baths ∙ 2,612 Sqft ∙ Built 1989 5 beds 3 baths ∙ 2,612 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.19
    •  
  • 15048 Calle Verano Chino Hills, CA 2
    • 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 1995
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.19
    •  
  • 3480 Alder Place Chino Hills, CA 3
    • 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 1978
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.20
    •  
  • 2798 Avenida Marguerite Chino Hills, CA 4
    • 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 1991
    LEASED 01/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.25
    •  
  • 15325 Ilex Drive Chino Hills, CA 5
    • 5 beds 3 baths ∙ 2,717 Sqft ∙ Built 1980 5 beds 3 baths ∙ 2,717 Sqft ∙ Built 1980
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.29
    •  
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 #: CV21038595
Last Updated: 02/25/2021
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