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15692 Willow Run Drive Chino Hills, CA 91709

4 Beds 4 Baths 2,683 sqft Built 2000

$858,000

List Price

$3,020

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $319.79
  • 4 Days on Market
  • MLS # : TR21057434
  • Updated Date : 03/20/2021 at 20:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,683 sqft
  • Baths : 4 full
Listing Agent

Pyc Financial

Listing Agent's Description

PHOTOS COMING ON SUNDAY~Adorable recently remodeled 4 bed and 4 full bath luxury home in the heart of Chino Hills. Extraordinary high cathedral ceiling and wide open floor plan bring in all natural lights. Downstairs formal living room, formal dining room, cozy family room and brand new kitchen with the view to the backyard. One year old refrigerator can be included if buyer desires. Downstairs also comes with a full bathroom. Easy to make the formal dinning a fifth bedroom downstairs if needed. Four spacious bedrooms on 2nd floor with two En-suites! Spacious master suite with walk in closet. Jack and Jill bathroom connects two guest rooms. Brand new vinyl flooring downstairs and luxury carpet upstairs. Newly painted cabinets and doors and stair handrails. All four bathrooms just updated with brand new countertop and faucets. Plantation shutters throughout the house. Low maintenance private backyard, no neighbor behind you. Truly move in ready and turnkey! Low HOA dues only $65! Super quiet and peaceful community. No neighbor sells in past three years! Very desirable and convenient location: Easy access to Highway 60 & 71, Shops, Parks and Restaurants are all close by, Valle Vista Park only one minute away! Don’t forget great schools: Oak Ridge Elementary, Robert Townsend Junior and Chino Hills High. Perfect for all size families. Come to see this fabulous house and fall in love!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$772,200$943,800$858,000

PURCHASE PRICE

$2,718$3,322$3,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,020
EXPENSES Loan Payment -$2,980
Property Tax -$867
Property Insurance -$92
HOA -$65
Property Management Fees -$178
CASH FLOW
-$1,162

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.

$858,000

PROJECTED PRICE

$3,020

PROJECTED RENT

0.35%

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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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$233,120

INVESTMENT

$233,120

Down Payment
$214,500
Rehab Estimate
$5,750
Closing Costs
$12,870

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,980

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $214,500
Loan Amount $643,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$149

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,020

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $3,132

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$3,0203$3,1004$3,2005$3,400
$3,400
RENT COMPS ANALYSIS
  • 15692 Willow Run Drive Chino Hills, CA 2
    • 4 beds 4 baths ∙ 2,683 Sqft ∙ Built 2000 4 beds 4 baths ∙ 2,683 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $3,020
    • $1.13
    •  
  • 15271 Peach Street Chino Hills, CA 1
    • 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
    •  
  • 15117 Calle Verano Chino Hills, CA 3
    • 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 1995
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.15
    •  
  • 3228 Willow Hollow Road Chino Hills, CA 4
    • 4 beds 4 baths ∙ 2,683 Sqft ∙ Built 2000 4 beds 4 baths ∙ 2,683 Sqft ∙ Built 2000
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.19
    •  
  • 2647 Macadamia Court Chino Hills, CA 5
    • 4 beds 3 baths ∙ 2,881 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,881 Sqft ∙ Built 1989
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.18
    •  
PROPERTY LISTING DETAILS
Yuan Le
Pyc Financial
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21057434
Last Updated: 03/20/2021
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