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16076 Peterson Court Chino Hills, CA 91709

4 Beds 2 Baths 1,923 sqft Built 1998

$625,000

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $325.01
  • 4 Days on Market
  • MLS # : CV20238319
  • Updated Date : 11/13/2020 at 10:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,923 sqft
  • Baths : 2 full
Listing Agent

Help-u-sell Prestige Prop's

Listing Agent's Description

Move-in condition! 4 bedrooms 3-bathroom (1 BR &1 BA Downstairs) home in desirable gated community of "Sundance" in Chino Hills. Step into inviting living and dining areas with vaulted ceilings and rich laminate wood flooring. Remodeled Chef's Kitchen features new cabinetry, granite counters, island and stainless-steel appliances. Spacious family room boasts warm cozy fireplace and wood laminate flooring opens to kitchen. Downstairs bedroom and 3/4 bathroom great for family, guests or office. Convenient downstairs laundry area and direct garage access. Gracious upstairs loft/bonus area could be used as game room. Oversized master bedroom features on-suite bathroom with dual sink vanity, separate soaking tub and walk-in closet. Nice size secondary bedrooms. Well-appointed guest bathroom with dual sink vanity and bathtub. Private and serene wrap around backyard setting offers concrete patio and plenty of area for lawn and garden. Block wall fencing. Unit location provides easy access to additional guest parking. Community facilities include pool, spa and tot lot. Close to coveted Chino hills Schools, freeways, Costco, Ranch 99 Market and "The Shoppes at Chino Hills"

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
Michael G. Wickman Elementary School Primary Regular 931 33 9
Michael G. Wickman Elementary School Middle Regular 931 33 9
Chino Hills High School High Regular 3,012 111 8

Michael G. Wickman Elementary School

  • Education Level: Primary
  • # of students: 931
  • # of teachers: 33
9
GreatSchools Rating

Michael G. Wickman Elementary School

  • Education Level: Middle
  • # of students: 931
  • # of teachers: 33
9
GreatSchools Rating

Chino Hills High School

  • Education Level: High
  • # of students: 3,012
  • # of teachers: 111
8
GreatSchools Rating
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$2,306
Property Tax -$707
Property Insurance -$74
HOA -$135
Property Management Fees -$149
CASH FLOW
-$850

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.

$625,000

PROJECTED PRICE

$2,520

PROJECTED RENT

0.40%

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

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$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$225

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,520

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $2,649

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5203$2,7004$2,7505$2,850
$2,850
RENT COMPS ANALYSIS
  • 16076 Peterson Court Chino Hills, CA 2
    • 4 beds 2 baths ∙ 1,923 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,923 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $1.31
    •  
  • 5082 Sundance Hill Drive Chino Hills, CA 1
    • 3 beds 3 baths ∙ 1,923 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,923 Sqft ∙ Built 1998
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.30
    •  
  • 16131 Chandler Court Chino Hills, CA 3
    • 3 beds 3 baths ∙ 2,072 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,072 Sqft ∙ Built 1998
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.30
    •  
  • 16165 Deborah Court Chino Hills, CA 4
    • 3 beds 3 baths ∙ 1,923 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,923 Sqft ∙ Built 1998
    property image
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.43
    •  
  • 16135 Mason Court Chino Hills, CA 5
    • 3 beds 2 baths ∙ 1,923 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,923 Sqft ∙ Built 1998
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.48
    •  
PROPERTY LISTING DETAILS
Patrick Wood
Help-u-sell Prestige Prop's
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20238319
Last Updated: 11/13/2020
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