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15250 Mariposa Avenue Chino Hills, CA 91709

3 Beds 2 Baths 1,212 sqft Built 2016

$525,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $433.17
  • 3 Days on Market
  • MLS # : CV20230425
  • Updated Date : 11/01/2020 at 10:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,212 sqft
  • Baths : 2 full
Listing Agent

First Choice Realty Solutions

Listing Agent's Description

Here is your chance to own this gorgeous 3 bedroom and 2 bathroom home built in 2016. This home features 3 generous sized bedrooms and 2 full bathrooms, modern floor plan with kitchen open to the family room, wood like floor tile, Kitchen is equipped with with beautiful granite counter tops, a peninsula with bar seating and stainless steel appliances, dual pane windows, and indoor laundry. As an added bonus, this home also has an energy conserving tankless water heater. This home is centrally located to plenty of amenities including a short drive to the Shoppes in Chino Hills which offers plenty of options for dining and shopping. For those that commute, easy access to the 71 freeway. Chino Hills continues to be one of the most sought after locations. Still time to close before the new year and give yourself a chance to enjoy your first holiday dinner in your new home .

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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
Chaparral Elementary School Primary Regular 629 23 7
Robert O. Townsend Junior High School Middle Regular 1,082 39 8
Chino Hills High School High Regular 3,012 111 8

Chaparral Elementary School

  • Education Level: Primary
  • # of students: 629
  • # of teachers: 23
7
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
 

$472,500$577,500$525,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,937
Property Tax -$485
Property Insurance -$57
Property Management Fees -$129
CASH FLOW
-$427

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.

$525,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.42%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$7,745

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $1.8

    LIST RENT PER SQFT
  • $2,024

    COMP ESTIMATED VALUE
  • $1.67

    COMP AVG. RENT PER SQFT
Comps Range
$2,180
1$2,1802$2,5003$2,5504$2,600
$2,600
RENT COMPS ANALYSIS
  • 15250 Mariposa Avenue Chino Hills, CA 1
    • 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $1.80
    •  
  • 16111 Watson Court Chino Hills, CA 2
    • 3 beds 3 baths ∙ 1,548 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,548 Sqft ∙ Built 1998
    property image
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.61
    •  
  • 16142 Chandler Court Chino Hills, CA 3
    • 3 beds 3 baths ∙ 1,548 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,548 Sqft ∙ Built 1998
    property image
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.65
    •  
  • 4167 Thatchbury Court Chino Hills, CA 4
    • 3 beds 4 baths ∙ 1,488 Sqft ∙ Built 1996 3 beds 4 baths ∙ 1,488 Sqft ∙ Built 1996
    property image
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.75
    •  
PROPERTY LISTING DETAILS
Paul Grino
First Choice Realty Solutions
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20230425
Last Updated: 11/01/2020
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