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15827 Roan Road Chino Hills, CA 91709

4 Beds 3 Baths 2,258 sqft Built 2001

$735,000

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $325.51
  • 3 Days on Market
  • MLS # : TR21040716
  • Updated Date : 02/26/2021 at 14:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,258 sqft
  • Baths : 3 full
Listing Agent

Jitu Kishor Vakharia

Listing Agent's Description

This stylish residence is nestled on a large level block in a desirably corner location. The house comes complete with a living and a family room, a welcoming kitchen/dining area, three bathrooms, four upper level bedrooms and a cozy downstairs bedroom, a study niche, and an upper level laundry. This property retains the value of peaceful living while being conveniently close to Parks, shops, school and a convenient access to the freeways.

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

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
 

$661,500$808,500$735,000

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$2,553
Property Tax -$831
Property Insurance -$82
HOA -$45
Property Management Fees -$165
CASH FLOW
-$876

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.

$735,000

PROJECTED PRICE

$2,800

PROJECTED RENT

0.38%

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-$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$200,525

INVESTMENT

$200,525

Down Payment
$183,750
Rehab Estimate
$5,750
Closing Costs
$11,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,553

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $183,750
Loan Amount $551,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$552

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,800

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $2,998

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8503$2,8504$3,0005$3,200
$3,200
RENT COMPS ANALYSIS
  • 15827 Roan Road Chino Hills, CA 1
    • 4 beds 3 baths ∙ 2,258 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,258 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.24
    •  
  • 15869 Cornerstone Street Chino Hills, CA 2
    • 4 beds 3 baths ∙ 2,258 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,258 Sqft ∙ Built 2000
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.26
    •  
  • 5712 Waverly Drive Chino Hills, CA 3
    • 3 beds 3 baths ∙ 2,098 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,098 Sqft ∙ Built 2001
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.36
    •  
  • 4996 Heritage Drive Chino Hills, CA 4
    • 3 beds 3 baths ∙ 2,326 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,326 Sqft ∙ Built 1999
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.29
    •  
  • 15812 Ellington Way Chino Hills, CA 5
    • 4 beds 4 baths ∙ 2,292 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,292 Sqft ∙ Built 2017
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.40
    •  
PROPERTY LISTING DETAILS
Jitu Vakharia
Jitu Kishor Vakharia
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21040716
Last Updated: 02/26/2021
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