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16070 Alpine Meadows Avenue Chino, CA 91708

3 Beds 3 Baths 1,393 sqft Built 2018

$540,000

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $387.65
  • 14 Days on Market
  • MLS # : RS21031646
  • Updated Date : 02/24/2021 at 15:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,393 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max College Park Realty

Listing Agent's Description

Welcome home to the highly sought after exclusive gated community of The Preserve. This home is located in a secluded location and is truly one of a kind! As you walk in the home you'll be greeted with an open concept living and dining area that is an entertainer's dream. The home features numerous upgrades from custom paint, upgraded carpet and tile, plantation shutters, recessed lighting, upgraded lighting fixtures and faucets, ceiling fans in the living room and master bedroom as well as beautiful customized high cut 8ft. doors throughout. This home also includes an upgraded kitchen including white maple shaker-style cabinetry, quartz countertops with coordinating tile backsplash and center island. On the second floor you'll find three bedrooms including the master suite with private bath, large walk in closets and dual sinks. The second floor also includes a convenient laundry room. This home also features an attached 2 car garage, ADT security system, tankless water heater as well as a completed backyard with concrete covered patio and trimmed flower bed with a lush green grass area. Residents can enjoy resort-like community amenities which include a sparkling swimming pool and spa, gym, theater room, tennis courts, playgrounds, beautiful green belts, and picnic areas. There is also a Harvest Club Garden (free membership) that produces an abundance of organic produce. With convenient access to shopping and dining this is fine living at it's best!

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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

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $143k560k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Chino

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21100120013001400150016001700180019002000210022002300Rent in $10822394

* 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
Chino Hills High School High Regular 3,012 111 8
Chino Hills High School High Unknown NA

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
 

$486,000$594,000$540,000

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,876
Property Tax -$520
Property Insurance -$61
HOA -$300
Property Management Fees -$130
CASH FLOW
-$677

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.

$540,000

PROJECTED PRICE

$2,210

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
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

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$148,850

INVESTMENT

$148,850

Down Payment
$135,000
Rehab Estimate
$5,750
Closing Costs
$8,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,876

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $135,000
Loan Amount $405,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$153

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $1.59

    LIST RENT PER SQFT
  • $1,922

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2103$2,2504$2,295
$2,295
RENT COMPS ANALYSIS
  • 16070 Alpine Meadows Avenue Chino, CA 2
    • 3 beds 3 baths ∙ 1,393 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,393 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $1.59
    •  
  • 8547 Founders Grove Street Chino, CA 1
    • 3 beds 3 baths ∙ 1,610 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,610 Sqft ∙ Built 2016
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.37
    •  
  • 8138 W Preserve Chino, CA 3
    • 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 2006
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.39
    •  
  • 8419 E Preserve Chino, CA 4
    • 3 beds 3 baths ∙ 1,666 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,666 Sqft ∙ Built 2009
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.38
    •  
PROPERTY LISTING DETAILS
Chris Lum
Re/max College Park Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: RS21031646
Last Updated: 02/24/2021
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