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

18112 Conestoga Lane Chino Hills, CA 91709

3 Beds 3 Baths 1,419 sqft Built 1990

INVESTimate

$499,999

List Price

$2,140

$1,926 - $2,354

Rent Est.

$525,549  ( +5.11%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1990
  • Price/Sqft : $352.36
  • 4 Days on Market
  • MLS # : OC20169913
  • Updated Date : 08/24/2020 at 10:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,419 sqft
  • Baths : 2 full , 1 half
Listing Agent

First Team Real Estate

Listing Agent's Description

Spacious 2 story home on quiet cul-de-sac. Easy freeway access. Backyard privacy. Home is sold AS-IS. Great bones. All bedrooms are on second level. Tons of natural light throughout the kitchen. Kitchen boasts a spacious eating area and window box feature above the sink. Perfect for homegrown herbs. Dining area with sliding glass door leads to a beautiful covered outdoor patio. Snuggle up to your very own cozy fireplace in the living room. High ceilings add to the generous spacial appeal. Direct access into the house from the garage. Downstairs powder room. Upstairs has a wonderful arched window at the landing. Primary bedroom upstairs has 2 closets and attached en suite with dual vanity. Bedroom also has nice high ceilings, too! Secondary upstairs bedrooms share upstairs bath. AC works great in the summer. Covered patio helps protect from direct sun access into the living room. Property includes the sloped hillside with trees. Hard scape adds interest and clean lines around the entire property. Large 2 car garage with laundry hook ups.

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
Butterfield Ranch Elementary School Primary Regular 769 27 8
Butterfield Ranch Elementary School Middle Regular 769 27 8
Chino Hills High School High Regular 3,012 111 8

Butterfield Ranch Elementary School

  • Education Level: Primary
  • # of students: 769
  • # of teachers: 27
8
GreatSchools Rating

Butterfield Ranch Elementary School

  • Education Level: Middle
  • # of students: 769
  • # of teachers: 27
8
GreatSchools Rating

Chino Hills High School

  • Education Level: High
  • # of students: 3,012
  • # of teachers: 111
8
GreatSchools Rating
 

$449,999$549,999$499,999

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,845
Property Tax -$483
Property Insurance -$62
Property Management Fees -$126
CASH FLOW
-$376

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.

$499,999

PROJECTED PRICE

$2,140

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $125,000
Loan Amount $374,999
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$8,653

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $1.51

    LIST RENT PER SQFT
  • $2,139

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$2,140
1$2,1402$2,2003$2,3004$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 18112 Conestoga Lane Chino Hills, 1
    • 3 beds 3 baths ∙ 1,419 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,419 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $1.51
    •  
  • 17871 Shady View Drive Chino Hills, 2
    • 3 beds 4 baths ∙ 1,506 Sqft ∙ Built 2007 3 beds 4 baths ∙ 1,506 Sqft ∙ Built 2007
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.46
    •  
  • 6563 Coyote Street Chino Hills, 3
    • 3 beds 3 baths ∙ 1,531 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,531 Sqft ∙ Built 1989
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.50
    •  
  • 6714 Wrangler Road Chino Hills, 4
    • 3 beds 3 baths ∙ 1,531 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,531 Sqft ∙ Built 1989
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.50
    •  
  • 18051 Arroyo Lane Chino Hills, 5
    • 3 beds 3 baths ∙ 1,531 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,531 Sqft ∙ Built 1989
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.57
    •  
PROPERTY LISTING DETAILS
Lisa Parish
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20169913
Last Updated: 08/24/2020
BESbswy