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16213 Shadow Mountain Drive Chino Hills, CA 91709

4 Beds 3 Baths 2,392 sqft Built 1999

$785,000

List Price

$2,920

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $328.18
  • 4 Days on Market
  • MLS # : TR20233832
  • Updated Date : 11/06/2020 at 06:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,392 sqft
  • Baths : 3 full
Listing Agent

King Realty Group Inc

Listing Agent's Description

Beautiful and highly upgraded home located in the DESIRABLE Los Serranos Ranch Community. 4 BEDROOMS + 2 WALK-IN CLOSETS + LARGE LOFT!! Beautiful Floor Plan with HIGH CEILINGS AND CROWN MOLDING THROUGHOUT THIS HOME!! Upgraded and custom concrete in the front courtyard with a beautiful, long entryway that leads to the gorgeous DOUBLE DOOR ENTRANCE. Upgraded tile from entrance leading to the gourmet kitchen and NEW laminated wood floors throughout this home. Gourmet kitchen with NEW granite countertops on kitchen island and all countertops. Built-in, UPGRADED appliances in the kitchen with 2 pantries (one WALK-IN). SECOND DINING ROOM next to another living room space. 3 bedrooms upstairs and 1 downstairs. Gorgeous Master Bedroom with LARGE walk-in closet. The 2nd bedroom also has a SPACIOUS walk-in closet. 3rd bedroom has a LARGE mirrored closet. 4th bedroom OR HOME OFFICE space with a ¾ private bath downstairs. HUGE backyard space with lots of fruit trees. Indoor laundry room with a sink. The Exterior backyard has custom concrete with custom retaining walls, and a larger plot space for a pool. NEWLY INSTALLED SECURITY SYSTEM WITH EXTERIOR CAMERAS, and UPGRADED AC unit and water heater. Convenient location close to multiple AWARD-WINNING schools, shopping centers, State Park, country clubs, hiking trails, and freeways 60 and 71. This house checks all the marks!

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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
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
 

$706,500$863,500$785,000

PURCHASE PRICE

$2,628$3,212$2,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$2,896
Property Tax -$859
Property Insurance -$85
Property Management Fees -$172
CASH FLOW
-$1,093

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.

$785,000

PROJECTED PRICE

$2,920

PROJECTED RENT

0.37%

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-$20k-$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$213,775

INVESTMENT

$213,775

Down Payment
$196,250
Rehab Estimate
$5,750
Closing Costs
$11,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,896

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $196,250
Loan Amount $588,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$280

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,920

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $2,906

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8503$2,9204$2,9505$3,000
$3,000
RENT COMPS ANALYSIS
  • 16213 Shadow Mountain Drive Chino Hills, CA 3
    • 4 beds 3 baths ∙ 2,392 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,392 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,920
    • $1.22
    •  
  • 4388 Saint Andrews Drive Chino Hills, CA 1
    • 4 beds 3 baths ∙ 2,261 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,261 Sqft ∙ Built 1998
    property image
    LEASED 04/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.19
    •  
  • 4717 Inverness Court Chino Hills, CA 2
    • 4 beds 3 baths ∙ 2,392 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,392 Sqft ∙ Built 1998
    property image
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.19
    •  
  • 4433 Mission Hills Drive Chino Hills, CA 4
    • 4 beds 3 baths ∙ 2,401 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,401 Sqft ∙ Built 1998
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.23
    •  
  • 4650 Willow Bend Court Chino Hills, CA 5
    • 4 beds 3 baths ∙ 2,392 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,392 Sqft ∙ Built 1998
    property image
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.25
    •  
PROPERTY LISTING DETAILS
John Balsz
King Realty Group Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20233832
Last Updated: 11/06/2020
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