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15011 Ashwood Lane Chino Hills, CA 91709

4 Beds 3 Baths 2,340 sqft Built 1964

$699,999

List Price

$2,780

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $299.14
  • 4 Days on Market
  • MLS # : IG20251218
  • Updated Date : 12/03/2020 at 18:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,340 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Alliance Realty

Listing Agent's Description

RV GARAGE HEAVEN – Approx. 950sf garage with a 15’ wide x 13’ high door plus an RV sewer nearby. This well maintained Chino Hills home includes 4 bedrooms, 3 baths with some new interior paint, dual pane windows and approx. 2340sf of living space. Upstairs master includes a ¾ bath with walk-in shower, and separate walk-in closet. Downstairs has a 2nd master with attached ¾ bath, 2 guest bedrooms and a full main bath, living and dining rooms open to the kitchen plus a family room and inside laundry. Backyard with covered spa, shed for sewing, crafts or playhouse, and a roof top deck. Close to shopping, restaurants, schools and freeways.

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
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
 

$629,999$769,999$699,999

PURCHASE PRICE

$2,502$3,058$2,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,780
EXPENSES Loan Payment -$2,583
Property Tax -$638
Property Insurance -$84
Property Management Fees -$164
CASH FLOW
-$688

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.

$699,999

PROJECTED PRICE

$2,780

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$500k$1.0M$1.5M$2.0M

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$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $175,000
Loan Amount $524,999
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$5,400

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,780

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $2,790

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7803$2,9004$3,2005$3,200
$3,200
RENT COMPS ANALYSIS
  • 15011 Ashwood Lane Chino Hills, CA 2
    • 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $2,780
    • $1.19
    •  
  • 13681 San Juan Court Chino, CA 1
    • 5 beds 3 baths ∙ 2,286 Sqft ∙ Built 1975 5 beds 3 baths ∙ 2,286 Sqft ∙ Built 1975
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.18
    •  
  • 15271 Peach Street Chino Hills, CA 3
    • 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1981
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.15
    •  
  • 15417 Feldspar Drive Chino Hills, CA 4
    • 4 beds 3 baths ∙ 2,575 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,575 Sqft ∙ Built 1979
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.24
    •  
  • 3480 Alder Place Chino Hills, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Ed Caragher
Coldwell Banker Alliance Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG20251218
Last Updated: 12/03/2020
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