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1663 Vista Del Norte Chino Hills, CA 91709

4 Beds 3 Baths 2,711 sqft Built 1996

$899,000

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $331.61
  • 59 Days on Market
  • MLS # : AR20239766
  • Updated Date : 11/22/2020 at 21:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,711 sqft
  • Baths : 3 full
Listing Agent

Help-u-sell Smart Realty

Listing Agent's Description

Beautiful 2 story home features 4 bedrooms, 3 bathrooms, 1-Bedroom and 1-Bathroom downstairs, and niche upstairs can be use as another t.v. or study place. This property is located on a quiet cul-de-sac at the end of the street with a lot of privacy from surrounding neighbors. As you enter the home you will see the grand living room with cathedral ceilings and high panoramic windows. The Dining room, and kitchen all have tile flooring with baseboards. The spacious Master suite has an bathtub and separate shower with dual sinks and vanity area with a large walk in closet. The very PRIVATE backyard with views of the canyon and hillside this home also features beautiful landscaping, perfect for family fun and entertainment. Convenient location, close to parks, shopping and schools.

SEE MORE

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
Hidden Trails Elementary School Primary Regular 499 17 9
Canyon Hills Junior High School Middle Regular 1,163 40 9
Ruben S. Ayala High School High Regular 2,606 98 10

Hidden Trails Elementary School

  • Education Level: Primary
  • # of students: 499
  • # of teachers: 17
9
GreatSchools Rating

Canyon Hills Junior High School

  • Education Level: Middle
  • # of students: 1,163
  • # of teachers: 40
9
GreatSchools Rating

Ruben S. Ayala High School

  • Education Level: High
  • # of students: 2,606
  • # of teachers: 98
10
GreatSchools Rating
 

$809,100$988,900$899,000

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$3,123
Property Tax -$918
Property Insurance -$93
Property Management Fees -$180
CASH FLOW
-$1,263

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.

$899,000

PROJECTED PRICE

$3,050

PROJECTED RENT

0.34%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,123

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$114

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,050

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $3,253

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$3,050
1$3,0502$3,1003$3,2004$3,4005$3,500
$3,500
RENT COMPS ANALYSIS
  • 1663 Vista Del Norte Chino Hills, CA 1
    • 4 beds 3 baths ∙ 2,711 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,711 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.13
    •  
  • 1676 Vista Del Norte Chino Hills, CA 2
    • 4 beds 3 baths ∙ 2,711 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,711 Sqft ∙ Built 1996
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.14
    •  
  • 1736 Vista Del Norte Chino Hills, CA 3
    • 5 beds 3 baths ∙ 2,711 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,711 Sqft ∙ Built 1997
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.18
    •  
  • 1590 Vista Dorada Place Chino Hills, CA 4
    • 5 beds 3 baths ∙ 2,808 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,808 Sqft ∙ Built 1997
    property image
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.21
    •  
  • 1428 Rancho Hills Drive Chino Hills, CA 5
    • 5 beds 2 baths ∙ 2,766 Sqft ∙ Built 1996 5 beds 2 baths ∙ 2,766 Sqft ∙ Built 1996
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.27
    •  
PROPERTY LISTING DETAILS
Joshua Chao
Help-u-sell Smart Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: AR20239766
Last Updated: 11/22/2020
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