Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $411.67
- 7 Days on Market
- MLS # : CV21024480
- Updated Date : 02/08/2021 at 12:04
CONSTRUCTION
- Beds : 3
- Floor Size : 1,817 sqft
- Baths : 2 full
Listing Agent
Compass
Listing Agent's Description
Welcome home to the beautiful and scenic city of Chino Hills. Come see this Amazing Single Story Home offering unbelievable privacy. Located on a gorgeous and very quiet street. Mature trees and landscaping encompass this property giving it great curb appeal. The three car garage spaces will give you lots of space for cars or storage. Perfectly situated so you don’t see any neighbors out your windows! This home is extremely clean and very open! Notice the high angled ceilings throughout the open floor plan. A large office allows opportunity for a fourth bedroom conversion. Effortlessly make your way through the home noticing wide hallways, ceiling fans in every bedroom, along with oversized windows giving you plenty of extra natural light. The generously sized master bedroom offers a soaking tub, separate walk in shower, and huge walk in closet. This property checks all the boxes and more! Enjoy the peaceful street location in a desirable neighborhood with adequate on street parking. City light views glisten at night giving the perfect ending to your busy day. Come in and let us show you around your next home!
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
* 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 | $3,260 |
| EXPENSES | Loan Payment | -$2,598 |
| Property Tax | -$926 | |
| Property Insurance | -$71 | |
| Property Management Fees | -$192 | |
|
CASH FLOW
-$528
|
||
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.
$748,000
PROJECTED PRICE
$3,260
PROJECTED RENT
0.44%
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
$203,970
LOAN DETAILS
$2,598
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $187,000 |
| Loan Amount | $561,000 |
2
YEARS SAVED
$9,767
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,260
LIST RENT -
$1.79
LIST RENT PER SQFT
-
$2,789
COMP ESTIMATED VALUE -
$1.54
COMP AVG. RENT PER SQFT
Comps Range
-
15085 Calle Barcelona Chino Hills, CA 5
- 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $3,260
- $1.79
-
15427 Ficus Street Chino Hills, CA 1
- 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 1988
LEASED 12/28/20- Rent
- Rent Per SQFT
- $2,600
- $1.48
-
2665 Pointe Coupee Chino Hills, CA 2
- 4 beds 3 baths ∙ 1,861 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,861 Sqft ∙ Built 1993
LEASED 02/01/21- Rent
- Rent Per SQFT
- $2,700
- $1.45
-
2556 Paseo Tortuga Chino Hills, CA 3
- 3 beds 3 baths ∙ 1,634 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,634 Sqft ∙ Built 1992
LEASED 08/22/20- Rent
- Rent Per SQFT
- $2,800
- $1.71
-
14706 Bordeaux Lane Chino Hills, CA 4
- 4 beds 2 baths ∙ 1,861 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,861 Sqft ∙ Built 1991
LEASED 08/26/20- Rent
- Rent Per SQFT
- $2,800
- $1.50
PROPERTY LISTING DETAILS
Compass
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV21024480
Last Updated: 02/08/2021
