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1632 Chernus 
Chino Hills, CA
91709
5 Beds 3 Baths 2,562 sqft
Built 1980
INVESTimate
$722,222
List Price
$197,139
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PROPERTY INFO
FACTS
- Built In 1980
- Price/Sqft : $281.90
- 42 Days on Market
- MLS # : CV20140385
- Updated Date : 08/25/2020 at 20:49
CONSTRUCTION
- Beds : 5
- Floor Size : 2,562 sqft
- Baths : 3 full
Listing Agent
Cristal Sellar Services, Inc.
Listing Agent's Description
WELCOME TO YOUR NEW HOME IN THIS HIGHLY DESIREABLE AREA OF CHINO HILLS LOCATED IN CARBON CANYON!!! BEAUTIFULLY UPDATED AND STYLISH THROUGHOUT. MULTI-LEVEL HOME WITH SPECTACULAR VIEWS OVERLOOKING WESTERN HILLS GOLF COURSE. MAIN LEVEL FEATURES SPACIOUS LIVING ROOM WITH FIREPLACE, BEAMED CEILING AND WALKOUT BALCONY TO ENJOY THE SUNSET! TWO ADDITIONAL WALKOUT BALCONIES AND FIREPLACE IN THE MASTER BEDROOM MAKES FOR A PERFECT ROMANTIC RETREAT! MODERN FIXTURES AND DOUBLE VANITIES COMPLETE THE BATHROOM EN-SUITE. MID-LEVEL IS THE SHOWSTOPPING KITCHEN FEATURING STAINLESS STEEL APPLIANCES, MODERN CABINETRY AND HUGE DINING AREA, PLUS TWO BEDROOMS AND FULL BATH WITH UPGRADED FIXTURES. LAUNDRY AREA ON THIS LEVEL PROVIDES EASE OF CONVENIENCE. THIRD LEVEL FEATURES A LARGE PRIVATE OFFICE TO WORK FROM HOME (4TH BEDROOM) AND SEPARATE WORKOUT AREA. LOWER LEVEL FEATURES THE 5TH BEDROOM, ADDITIONAL LAUNDRY ROOM AND BEAUTIFULLY STYLED 3RD BATHROOM. THE BEST OF ALL WORLDS NEAR MILLION DOLLAR HOMES! SAN BERNARDINO COUNTY HOME UNIQUELY LOCATED BETWEEN ORANGE AND LOS ANGELES COUNTIES. NEAR THE 57, 71 AND 60 FREEWAYS.
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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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,830 |
| EXPENSES | Loan Payment | -$2,665 |
| Property Tax | -$657 | |
| Property Insurance | -$89 | |
| Property Management Fees | -$167 | |
|
CASH FLOW
-$748
|
||
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.
$722,222
PROJECTED PRICE
$2,830
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.95% |
| Appreciation Year (1-5) | 5.11% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.35% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$197,139
LOAN DETAILS
$2,665
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $180,556 |
| Loan Amount | $541,667 |
1.17
YEARS SAVED
$4,258
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,830
LIST RENT -
$1.1
LIST RENT PER SQFT
-
$3,055
COMP ESTIMATED VALUE -
$1.19
COMP AVG. RENT PER SQFT
Comps Range
-
1632 Chernus Chino Hills, 3
- 5 beds 3 baths ∙ 2,562 Sqft ∙ Built 1980 5 beds 3 baths ∙ 2,562 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $2,830
- $1.10
-
2238 Olivine Drive Chino Hills, 1
- 4 beds 2 baths ∙ 2,256 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,256 Sqft ∙ Built 1986
LEASED 06/26/19- Rent
- Rent Per SQFT
- $2,700
- $1.20
-
15574 Feldspar Drive Chino Hills, 2
- 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 1977
LEASED 07/15/20- Rent
- Rent Per SQFT
- $2,800
- $1.26
-
1413 Heatheridge Ln Chino Hills, 4
- 4 beds 2 baths ∙ 2,326 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,326 Sqft ∙ Built 1995
LEASED 08/05/19- Rent
- Rent Per SQFT
- $2,850
- $1.23
-
16025 Promontory Chino Hills, 5
- 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 1990
LEASED 11/12/19- Rent
- Rent Per SQFT
- $2,920
- $1.08
PROPERTY LISTING DETAILS
Cristal Sellar Services, Inc.
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV20140385
Last Updated: 08/25/2020
