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16189 Chadwick Court Chino Hills, CA 91709

3 Beds 3 Baths 1,878 sqft Built 2000

$625,000

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $332.80
  • 15 Days on Market
  • MLS # : PW20228303
  • Updated Date : 11/11/2020 at 16:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,878 sqft
  • Baths : 2 full , 1 half
Listing Agent

Kase Real Estate

Listing Agent's Description

Welcome to 16189 Chadwick Ct! This beautiful cul-de-sac home features 3 bedroom 2.5 baths + bonus loft, 1878 sq. ft. on a 4,200 sq. ft. lot quietly located in the desirable area of Fairfield Ranch! Open floor plan with separate living and family rooms, large kitchen with breakfast bar, pristine granite countertops, stainless steel appliances, and recessed lighting. Move-in ready! This home perfectly awaits with new interior paint and carpet throughout. Upgraded crown molding, baseboards, countertops, ceiling fans, and recessed lighting throughout. Spacious master bedroom, features a custom walk-in closet, his/her dual vanities, and stunning mountain views! Laundry room conveniently located upstairs. Spacious loft area is perfect for a home office or virtual learning with plenty of storage. Generous sized bedrooms with an adjacent full bathroom. Just steps away from Big League Dreams and Danbury Park. Centrally located near Chino Hill's desirable shopping centers, many restaurants, and great freeway access to Orange, Riverside, and Los Angeles Counties. Minimal monthly HOA. This home is a must-see oasis located in one of the finest school districts in San Bernardino County. MOVE IN READY!!!

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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

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
Chaparral Elementary School Primary Regular 629 23 7
Robert O. Townsend Junior High School Middle Regular 1,082 39 8
Chino Hills High School High Regular 3,012 111 8

Chaparral Elementary School

  • Education Level: Primary
  • # of students: 629
  • # of teachers: 23
7
GreatSchools Rating

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
 

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

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$2,306
Property Tax -$707
Property Insurance -$73
HOA -$45
Property Management Fees -$146
CASH FLOW
-$797

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

$2,480

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$10k

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

0.33

YEARS SAVED

$545

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $1.32

    LIST RENT PER SQFT
  • $2,723

    COMP ESTIMATED VALUE
  • $1.45

    COMP AVG. RENT PER SQFT
Comps Range
$2,480
1$2,4802$2,5003$2,6504$2,8505$2,850
$2,850
RENT COMPS ANALYSIS
  • 16189 Chadwick Court Chino Hills, CA 1
    • 3 beds 3 baths ∙ 1,878 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,878 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $1.32
    •  
  • 5748 Doverton Way Chino Hills, CA 2
    • 3 beds 3 baths ∙ 1,878 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,878 Sqft ∙ Built 2001
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.33
    •  
  • 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
    •  
  • 16135 Mason Court Chino Hills, CA 4
    • 3 beds 2 baths ∙ 1,923 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,923 Sqft ∙ Built 1998
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.48
    •  
  • 5677 Knollside Way Chino Hills, CA 5
    • 4 beds 3 baths ∙ 1,999 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,999 Sqft ∙ Built 2001
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.43
    •  
PROPERTY LISTING DETAILS
Marcela Benjamins
Kase Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20228303
Last Updated: 11/11/2020
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