Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

16136 Chadwick Court Chino Hills, CA 91709

4 Beds 3 Baths 1,999 sqft Built 2000

$699,000

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $349.67
  • 1 Days on Market
  • MLS # : DW21152391
  • Updated Date : 07/13/2021 at 07:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,999 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Pacific Estates La Mirada

Listing Agent's Description

Come check out this spacious newly renovated family home! This house offers 4 bedrooms 3 baths with about 2,000 sqft of living. The home has a totally remodeled kitchen, guest bathroom, and paint all throughout the home. There is plenty of space to park here with a 2 car garage as well and space t fit two cars in the driveway. You can entertain many people inside the house or outside where it features new gardening additions in the front and backyard yard. It has rooms upstairs and well as downstairs where you can use it as a Mother-In-Law suite or play room for the kids. Located down the street from schools Chino Hills Hs and Chaparral Elementary, as well as entertainment parks like Fairfield ranch and Big League Sports Complex. This is a must see!

SEE MORE

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
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
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$2,428
Property Tax -$791
Property Insurance -$76
HOA -$45
Property Management Fees -$156
CASH FLOW
-$855

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.

$699,000

PROJECTED PRICE

$2,640

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$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$368

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,640

    LIST RENT
  • $1.32

    LIST RENT PER SQFT
  • $2,864

    COMP ESTIMATED VALUE
  • $1.43

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6403$2,6954$2,8505$3,200
$3,200
RENT COMPS ANALYSIS
  • 16136 Chadwick Court Chino Hills, CA 2
    • 4 beds 3 baths ∙ 1,999 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,999 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,640
    • $1.32
    •  
  • 5568 Barclay Court Chino Hills, CA 1
    • 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 2000
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.39
    •  
  • 5564 Brynwood Way Chino Hills, CA 3
    • 3 beds 3 baths ∙ 1,878 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,878 Sqft ∙ Built 2000
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.44
    •  
  • 5712 Waverly Drive Chino Hills, CA 4
    • 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
    •  
  • 16273 Avalon Court Chino Hills, CA 5
    • 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 2001
    LEASED 05/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.54
    •  
PROPERTY LISTING DETAILS
Ian Thompson
Keller Williams Pacific Estates La Mirada
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW21152391
Last Updated: 07/13/2021
BESbswy