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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $348.55
- 2 Days on Market
- MLS # : TR21025334
- Updated Date : 02/06/2021 at 14:27
CONSTRUCTION
- Beds : 3
- Floor Size : 1,687 sqft
- Baths : 2 full , 2 half
Listing Agent
New Star Realty & Inv.
Listing Agent's Description
The best location in the desirable new Jade Tree Community in Chino Hills! Open views and city/mountain view from the front & back and far from the main street. Bright airy! This townhouse features 3 bathrooms, den, 4 bathrooms, Great room for living & dining, and 2 car attached garage. The den is easy to convert to a bedroom. Gourmet kitchen with recessed lighting, granite countertops, stainless appliances including microwave oven under the counter, pantry, & a center island. High ceilings, wooden flooring, and LED recessed lights adorned this home. The home boasting a tankless water heater and 100% Energy Star qualified. Spacious great room for living and dining has sliding doors leading to the balcony perfect for outside BBQ and entertaining. The Master bedroom has a master bathroom with a shower/tub combination, double sinks, & a walking closet. The convenient indoor laundry room is located on the 2nd floor and the 2 car garage has direct access to the interior. Close to shopping, dining, schools, and easy access to 71, 60, and 91 freeway. Great schools: Wickman ES, Townsand Jr HS, Chino Hills HS
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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 Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chino Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,660 |
| EXPENSES | Loan Payment | -$2,042 |
| Property Tax | -$533 | |
| Property Insurance | -$68 | |
| HOA | -$308 | |
| Property Management Fees | -$157 | |
|
CASH FLOW
-$448
|
||
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.
$588,000
PROJECTED PRICE
$2,660
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$161,570
LOAN DETAILS
$2,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $147,000 |
| Loan Amount | $441,000 |
1.58
YEARS SAVED
$5,657
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,660
LIST RENT -
$1.58
LIST RENT PER SQFT
-
$2,674
COMP ESTIMATED VALUE -
$1.59
COMP AVG. RENT PER SQFT
Comps Range
-
16160 Saggio Lane Chino Hills, CA 4
- 3 beds 4 baths ∙ 1,687 Sqft ∙ Built 2017 3 beds 4 baths ∙ 1,687 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $2,660
- $1.58
-
16111 Watson Court Chino Hills, CA 1
- 3 beds 3 baths ∙ 1,548 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,548 Sqft ∙ Built 1998
LEASED 07/28/20- Rent
- Rent Per SQFT
- $2,500
- $1.61
-
16142 Chandler Court Chino Hills, CA 2
- 3 beds 3 baths ∙ 1,548 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,548 Sqft ∙ Built 1998
LEASED 09/10/20- Rent
- Rent Per SQFT
- $2,550
- $1.65
-
16128 Sereno Lane Chino Hills, CA 3
- 4 beds 4 baths ∙ 1,696 Sqft ∙ Built 2017 4 beds 4 baths ∙ 1,696 Sqft ∙ Built 2017
LEASED 08/25/20- Rent
- Rent Per SQFT
- $2,650
- $1.56
-
15946 Ellington Way Chino Hills, CA 5
- 3 beds 3 baths ∙ 1,814 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,814 Sqft ∙ Built 2018
LEASED 08/02/20- Rent
- Rent Per SQFT
- $2,750
- $1.52
PROPERTY LISTING DETAILS
New Star Realty & Inv.
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: TR21025334
Last Updated: 02/06/2021
