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15588 Ficus Street Chino Hills, CA 91709

3 Beds 3 Baths 1,440 sqft Built 1988

$675,000

List Price

$2,460

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $468.75
  • 6 Days on Market
  • MLS # : PW21148861
  • Updated Date : 07/08/2021 at 14:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,440 sqft
  • Baths : 2 full , 1 half
Listing Agent

Impact Properties, Inc

Listing Agent's Description

Welcome home to this beautiful 3 bedroom, 2.5 bathroom home in the desirable Village Oaks community. As you enter the 1,440 sq ft, two-story home, you are greeted by a large open floor plan featuring a spacious dining room with vaulted ceilings and a cozy fireplace, which leads into the large living room filled with natural light and a hillside view. The beautiful French Doors open from the family room into the sizeable backyard featuring a pergola-covered patio and a quaint garden area. The recently updated kitchen offers stainless steel appliances, granite tile countertops, recessed LED lighting, plenty of storage, and a breakfast counter. Upstairs you will find all three bedrooms. The master bedroom boasts an en-suite bathroom, vaulted ceilings, two closets, and a view overlooking the back yard and garden. Additional upgrades to the home include recessed lighting throughout, all new paint, and ceramic tile flooring downstairs. This turn-key home is on a quiet cul de sac and is conveniently located near award winning schools, with quick access to shopping centers and restaurants. It is priced to sell and won't last long.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
Robert O. Townsend Junior High School Middle Regular 1,082 39 8
Chino Hills High School High Regular 3,012 111 8
Chino Hills High School High Unknown NA

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

Chino Hills High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,214$2,706$2,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,460
EXPENSES Loan Payment -$2,345
Property Tax -$682
Property Insurance -$62
Property Management Fees -$145
CASH FLOW
-$774

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.

$675,000

PROJECTED PRICE

$2,460

PROJECTED RENT

0.36%

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

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$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,345

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$884

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,460

    LIST RENT
  • $1.71

    LIST RENT PER SQFT
  • $2,459

    COMP ESTIMATED VALUE
  • $1.71

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4603$2,5004$2,6005$2,700
$2,700
RENT COMPS ANALYSIS
  • 15588 Ficus Street Chino Hills, CA 2
    • 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,460
    • $1.71
    •  
  • 15867 Antelope Drive Chino Hills, CA 1
    • 3 beds 3 baths ∙ 1,411 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,411 Sqft ∙ Built 1988
    property image
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.70
    •  
  • 15442 Ficus St Chino Hills, CA 3
    • 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1988
    property image
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.74
    •  
  • 14984 Kalan Court Chino Hills, CA 4
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1977
    property image
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.64
    •  
  • 3126 Wildwood Court Chino Hills, CA 5
    • 3 beds 3 baths ∙ 1,539 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,539 Sqft ∙ Built 1988
    property image
    LEASED 05/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.75
    •  
PROPERTY LISTING DETAILS
Todd Anderson
Impact Properties, Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21148861
Last Updated: 07/08/2021
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