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14900 Redwood Lane Chino Hills, CA 91709

5 Beds 2 Baths 1,800 sqft Built 1964

$640,000

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $355.56
  • 20 Days on Market
  • MLS # : TR20225228
  • Updated Date : 12/01/2020 at 10:33
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,800 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Top Team

Listing Agent's Description

This fabulous family home offers 5 Bedrooms and 2 Bathrooms on a large lot in Chino Hills. Upon entering you will notice the rich wood laminate floor and fresh paint. There are 2 bedrooms downstairs including the master bedroom with an attached bathroom and second bedroom located near the family room and a half bath. The kitchen has brand new stainless steel appliances with granite counter tops and opens up to the dining room and family room area, which features a cozy fireplace to keep you warm on cold evenings and is perfect for relaxing. There are new blinds throughout home and new carpeting on stairs. Not only does this home have central air, it also has window air units in a number of rooms which keeps things cool in the hot summer months. Upstairs are three sizable bedrooms and 1 bathroom. Plenty of room for the growing family. The backyard is perfect for entertaining or for those with a green thumb. You could plant your own fruit and vegetables in the vegetable boxes and enjoy fresh fruit from your own fruit trees. You can also roast hotdogs and marshmallows in the fire pit. There is so much room to expand! Close to local shopping, dining, Chino Hills highly rated schools & just a short drive to the 71 freeway. Don’t miss out, this one won’t last!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
Glenmeade Elementary School Primary Regular 549 21 6
Robert O. Townsend Junior High School Middle Regular 1,082 39 8
Chino Hills High School High Regular 3,012 111 8

Glenmeade Elementary School

  • Education Level: Primary
  • # of students: 549
  • # of teachers: 21
6
GreatSchools Rating

Robert O. Townsend Junior High School

  • Education Level: Middle
  • # of students: 1,082
  • # of teachers: 39
8
GreatSchools Rating

Chino Hills High School

  • Education Level: High
  • # of students: 3,012
  • # of teachers: 111
8
GreatSchools Rating
 

$576,000$704,000$640,000

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$2,361
Property Tax -$583
Property Insurance -$71
Property Management Fees -$151
CASH FLOW
-$606

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.

$640,000

PROJECTED PRICE

$2,560

PROJECTED RENT

0.40%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$175,350

INVESTMENT

$175,350

Down Payment
$160,000
Rehab Estimate
$5,750
Closing Costs
$9,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $160,000
Loan Amount $480,000
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$5,831

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,560

    LIST RENT
  • $1.42

    LIST RENT PER SQFT
  • $2,741

    COMP ESTIMATED VALUE
  • $1.52

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,5603$2,6004$2,6505$2,700
$2,700
RENT COMPS ANALYSIS
  • 14900 Redwood Lane Chino Hills, CA 2
    • 5 beds 2 baths ∙ 1,800 Sqft ∙ Built 1964 5 beds 2 baths ∙ 1,800 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $1.42
    •  
  • 14970 Sandalwood Lane Chino Hills, CA 1
    • 4 beds 2 baths ∙ 1,640 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,640 Sqft ∙ Built 1964
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.49
    •  
  • 3870 Yellowstone Circle Chino, CA 3
    • 4 beds 3 baths ∙ 1,628 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,628 Sqft ∙ Built 1977
    LEASED 01/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.60
    •  
  • 15493 Country Club Drive Chino Hills, CA 4
    • 4 beds 3 baths ∙ 1,737 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,737 Sqft ∙ Built 1978
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.53
    •  
  • 3796 Daisy Drive Chino Hills, CA 5
    • 4 beds 3 baths ∙ 1,838 Sqft ∙ Built 1983 4 beds 3 baths ∙ 1,838 Sqft ∙ Built 1983
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.47
    •  
PROPERTY LISTING DETAILS
Elaina Marshall
Coldwell Banker Top Team
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20225228
Last Updated: 12/01/2020
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