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15686 Fresno Avenue Chino Hills, CA 91709

3 Beds 2 Baths 1,170 sqft Built 1976

$575,900

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1976
  • Price/Sqft : $492.22
  • 12 Days on Market
  • MLS # : EV20227660
  • Updated Date : 11/07/2020 at 05:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,170 sqft
  • Baths : 2 full
Listing Agent

Realty One Group West

Listing Agent's Description

WOW WE HAVE ANOTHER GREAT LISTING IN CHINO HILLS VERY CENTRALLY LOCATED WITH THE SCHOOL WITHIN WALKING DISTANCE, IT FEATURES 3 BEDROOMS AND 2 FULL BATH . IT HAS GREAT LANDSCAPPING IN THE FRONT YARD WITH LOTS OF DRIVEWAY, FITS A FEW CARS HAS A ENCLOSED PATIO FOR FAMILY FUN INDOORS (PERMIT UNKNOWN) HAS A GOOD SIZE BACK YARD WITH LOTS OF SHADE. COME SEE IT WON'T LAST!!!

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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
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
 

$518,310$633,490$575,900

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$2,125
Property Tax -$532
Property Insurance -$56
Property Management Fees -$131
CASH FLOW
-$623

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.

$575,900

PROJECTED PRICE

$2,220

PROJECTED RENT

0.39%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,364

INVESTMENT

$158,364

Down Payment
$143,975
Rehab Estimate
$5,750
Closing Costs
$8,639

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,975
Loan Amount $431,925
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$2,579

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $1.9

    LIST RENT PER SQFT
  • $1,963

    COMP ESTIMATED VALUE
  • $1.68

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2203$2,2504$2,2505$2,300
$2,300
RENT COMPS ANALYSIS
  • 15686 Fresno Avenue Chino Hills, CA 2
    • 3 beds 2 baths ∙ 1,170 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,170 Sqft ∙ Built 1976
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $1.90
    •  
  • 15119 Monterey Avenue Chino Hills, CA 1
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1983
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.69
    •  
  • 4076 Rosebay Street Chino Hills, CA 3
    • 3 beds 1 baths ∙ 1,379 Sqft ∙ Built 1974 3 beds 1 baths ∙ 1,379 Sqft ∙ Built 1974
    property image
    LEASED 09/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.63
    •  
  • 3945 Madrona Way Chino Hills, CA 4
    • 4 beds 2 baths ∙ 1,343 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,343 Sqft ∙ Built 1974
    property image
    LEASED 07/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.68
    •  
  • 3789 Glen Ridge Drive Chino Hills, CA 5
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1977
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.71
    •  
PROPERTY LISTING DETAILS
Maricela Banuelos
Realty One Group West
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: EV20227660
Last Updated: 11/07/2020
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