Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1729 Walnut Creek Drive Chino Hills, CA 91709

5 Beds 3 Baths 2,607 sqft Built 1991

$879,000

List Price

$3,430

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $337.17
  • 3 Days on Market
  • MLS # : TR20243745
  • Updated Date : 11/20/2020 at 22:46
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,607 sqft
  • Baths : 3 full
Listing Agent

Pacific Investment

Listing Agent's Description

New paint inside and outside, new kitchen with new counter-top, new kitchen cabinets, beautiful kitchen island, new kitchen faucet, sink, garbage disposal and range hood. new stove and dishwasher. New bathrooms with new lavatories, bathtubs, shower walls tiles, showers faucets and toilets. New baths sinks, faucets and drain pipes. All new flooring, new recess lights and lights fixtures. new ceiling fans in the bedrooms and all new carpets in the bedrooms. All new locks. 1 bedroom downstairs. must see to appreciate, price to sell.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Country Springs Elementary School Primary Regular 524 20 9
Canyon Hills Junior High School Middle Regular 1,163 40 9
Ruben S. Ayala High School High Regular 2,606 98 10

Country Springs Elementary School

  • Education Level: Primary
  • # of students: 524
  • # of teachers: 20
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
 

$791,100$966,900$879,000

PURCHASE PRICE

$3,087$3,773$3,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,430
EXPENSES Loan Payment -$3,243
Property Tax -$894
Property Insurance -$90
Property Management Fees -$202
CASH FLOW
-$1,000

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.

$879,000

PROJECTED PRICE

$3,430

PROJECTED RENT

0.39%

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$10k$15k

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$238,685

INVESTMENT

$238,685

Down Payment
$219,750
Rehab Estimate
$5,750
Closing Costs
$13,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,243

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $219,750
Loan Amount $659,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,718

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,430

    LIST RENT
  • $1.32

    LIST RENT PER SQFT
  • $3,135

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,2003$3,2004$3,3905$3,430
$3,430
RENT COMPS ANALYSIS
  • 1729 Walnut Creek Drive Chino Hills, CA 5
    • 5 beds 3 baths ∙ 2,607 Sqft ∙ Built 1991 5 beds 3 baths ∙ 2,607 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,430
    • $1.32
    •  
  • 1875 Rancho Hills Drive Chino Hills, CA 1
    • 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 1992
    property image
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.21
    •  
  • 1608 Morning Terrace Drive Chino Hills, CA 2
    • 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 1991
    property image
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.19
    •  
  • 1500 Morning Terrace Drive Chino Hills, CA 3
    • 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 1991
    property image
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.19
    •  
  • 2407 Sweet Water Court Chino Hills, CA 4
    • 4 beds 2 baths ∙ 2,777 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,777 Sqft ∙ Built 1989
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,390
    • $1.22
    •  
PROPERTY LISTING DETAILS
Jenny Leung
Pacific Investment
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20243745
Last Updated: 11/20/2020
BESbswy